#finance-of-america

#finance-of-america

Morningstar reaffirmed Finance of America's MOR RVO2 rating, highlighting their growth and strategic focus on reverse mortgage products.

Finance of America reports strong earnings driven by proprietary loan products; Ellington remains optimistic despite softer results.

Industry leaders focus on integration and financial health for growth in the reverse mortgage market.

Finance of America reported $15 million in adjusted net income for Q3 2024, marking a successful recovery and improved operating performance.

Strategic initiatives over the past year have led to positive metrics across the board for Finance of America.

A unified Finance of America brand post-acquisition aims to lead the retirement conversation and showcase home equity's positive impact on customers' lives.

Finance of America, a leading reverse mortgage lender, has undergone layoffs affecting retail and corporate levels due to company reevaluation and focus on long-term growth.

DBRS Morningstar assigns good rating (MOR RVO2) to Finance of America in the reverse mortgage industry, highlighting stable senior leadership and reliable performance.

Finance of America (FOA) successfully implemented a 10:1 reverse stock split, boosting share prices above the NYSE threshold.

The NYSE delisted Finance of America's warrants but will continue trading its class A common stock.