Retail funded-loan count rose 33% from the first quarter with stable sales capacity, while proprietary products gained traction by offering some borrowers more cash than HECMs
HomeSafe Second expands into four additional markets, giving loan officers another option for equity-rich homeowners who want to preserve low-rate first mortgages
Acquisition of approximately 20,000 HECM loans from Onity strengthens the company's servicing platform while establishing a three-year subservicing partnership
Murphy, Baucum, and Urban join the company in key leadership roles focused on growth, innovation, and consumer education
New HomeSafe second line of credit targets equity-rich homeowners seeking access to cash without refinancing into higher rates or taking on monthly payments
Aging, equity-rich homeowners drive demand for second-lien solutions as record housing wealth reshapes originator strategy
Finance of America adds veteran marketer to lead brand, growth, and audience expansion as the company sharpens its focus on home equity in retirement planning
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.