Finance of America Fortifies Cybersecurity
Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.
Tagged: Finance of America Mortgage
Finance of America Reports 2022 Net Loss Of $716M
Losses attributed to business lines it is vacating in 2023.
Roc Capital To Acquire Finance of America Commercial
Agrees to pay up to $30M over a 3-year period, based on the performance of the purchased assets.
Finance Of America Posts 4th Straight Quarterly Loss
Expects to complete closing of its forward retail mortgage division by the end of 2022.
Finance Of America Mortgage To Shut Down
Unable to sell its forward mortgage origination unit, FoA decides to close it.
Wall Street Takes Note Of Trouble In Wholesale
Fitch downgrades two nonbank residential mortgage lenders.
Finance Of America Closing Its Forward Wholesale Channel
Also mutually agrees to end negotiations with Guaranteed Rate over sale of retail mortgage divison.
Finance of America Plans To Sell Retail Unit, Close Forward Wholesale Channel
Company has posted 3 straight quarterly losses, reduced its workforce by 20% in 2022.
Finance of America Posts Nearly $1.4B Loss Due To Accounting Change
A 53% increase in Specialty Finance and Services (SF&S) segments revenue almost entirely offset the decline in mortgage revenue similarly experienced by the broader market.
Finance of America Mortgage
Are you looking to help a wider range of borrowers? Finance of America Mortgage offers loan options outside of standard conventional guidelines.
Our Two-X Flex Suite of mortgage solutions was specifically designed with unconventional borrowers in mind. It redefines qualifying borrowers without the use of tax returns and with as little as 12 months of self-employment.
These proprietary loan offerings give borrowers even more purchasing power with sensible credit requirements, expanded qualifying ratios, and terms up to 40 years.
Our Two-X Flex Suite offers:
• Two-X Flex—Conventional meets unconventional on a full doc loan,
• Two-X Flex 1 Year—Only one year of documentation required,
• Two-X Flex 1099—Utilizes sources from single, multiple, or converted W2 to 1099,
• Two-X Flex Bank—Averages up to 100% of eligible bank deposits with a competitive expense ratio,
• Two-X Flex P&L—12 months P&L required,
• Two-X Flex Asset—No employment necessary,
• …and more.
Join the team at Finance of America Mortgage to offer your borrowers more flexibility. Visit joinFAMtoday.com to apply now.
Licensed in:
All U.S. States, Puerto Rico, U.S. Virgin Islands
