FOA, Guaranteed Rate Back Out Of Deal
What’s next for Finance of America?
What’s next for Finance of America?
Also mutually agrees to end negotiations with Guaranteed Rate over sale of retail mortgage divison.
Company has posted 3 straight quarterly losses, reduced its workforce by 20% in 2022.
Company attributed it to widening credit spread
Departure comes on heels of net $1.34B loss at parent company Finance of America