Tag: Finance of America

Finance Of America Posted 4th Straight Quarterly Loss

Finance Of America Posted It’s 4th Straight Quarterly Loss. Is The Slowly Imploding Finance of America Going The Way Of The Dinosaurs?  Finance of America posted its fourth consecutive quarterly loss on Wednesday.  The company had already announced it was working toward closing its forward mortgage origination business. Finance of America posted a net loss…

By Steve
2 min read

Finance Of America Mortgage To Shut Down

Finance of America Companies Pulls The Plug On Finance Of America Mortgage After Being Unable To Sell Its Forward Mortgage Unit Finance of America Companies has decided to shut down Finance of America Mortgage. The board of directors made the decision following the demise of a deal to sell its retail mortgage division. The company…

By Steve
3 min read

Finance of America Plans To Exit Wholesale Lending & Sell Retail Division

Finance of America Plans To Exit Wholesale Lending And Sell Retail Division. Company Will Focus On Reverse Mortgages And Home Improvement Loans. Housingwire is reporting Finance of America (FoA) plans to sell its retail mortgage division. They are also reporting FoA is shutting down its forward wholesale channel. Former top executives and business partners claim…

By Steve
2 min read