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.
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.