Tag: Reverse Mortgages

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 Musashi
2 min read

American Advisors Group Does Another Round Of Mass Layoffs

Reverse Mortgage Lender American Advisors Group Also Known As AAG Does Another Round Of Mass Layoffs Last Week Industry-leading reverse mortgage lender American Advisors Group aka AAG instituted a round of layoffs this week. This is the second round of mass layoffs since June. Unfortunately, AAG representatives for the company declined to comment. Current and…

By Musashi
2 min read