Finance of America Companies Inc.

Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.

Patricia L. Cook helmed the organization before stepping down in 2022 for medical reasons.

Reverse mortgage offering allows homeowners 55+ to tap into home equity without added monthly costs or altering primary rates.

While FOA faces tangible equity erosion and continuous covenant breaches, peers like Rocket and United Wholesale Mortgage showcase resilience.

PHH, a subsidiary of Ocwen Financial, says deal offers opportunity to grow its reverse subservicing portfolio.

Also names Graham A. Fleming its CEO and promotes Kristen N. Sieffert to president.