FOA's third-quarter earnings of $15 million indicate a strong recovery from losses last quarter, resulting from strategic initiatives focused on business strengthening and performance improvement.
CEO Graham Fleming stated that the firm’s positive operating results reflect the culmination of strategic initiatives over the past year, with key earnings metrics now in positive territory.
Fleming highlighted the focus on growth potential within the demographic of consumers 55 and older, emphasizing HomeSafe Second as a crucial product for accessing home equity.
President Kristen Sieffert elaborated on the strength of finance platforms, suggesting further expansion aligned with strategic implementations, aiming to capture emerging opportunities in the reverse mortgage sector.
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