FOA News and Press, Finance of America Companies Inc. Class A From 03/13/23

– Net loss for the year of $716 million or $3.06 basic loss per share entirely attributable to balance sheet adjustments and Mortgage Originations segment which has been discontinued – – Adjusted net loss* of $61 million for the year, entirely attributable to business...

Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a leading specialty finance solutions platform, today announced that it will release results for the fourth quarter and full year ended December 31, 2022 after market closing on Monday, March 13, 2023. Web...

Finance of America ( NYSE: FOA ) said Monday it agreed to sel l its commercial lending business, Finance of America Commercial, to Roc Capital Holdings, a digital platform for residential real estate investors. Under the agreement, Roc Capital will pay up to $30M over a three-...

Finance of America Companies Inc. (NYSE: FOA ) (“FOA” or the “Company”), a leading specialty finance and solutions platform, issued the following statement today from FOA Interim Chief Executive Officer Graham A. Fleming regarding the entry into an agreement for th...

Summary Wedgewood Partners is a money manager founded in 1988 with the goal of providing investors with a superior approach to managing investment portfolios. The results for the typical investor in 2022 were likely worst still as many investors (including Wedgewood) had a meaningful we...

Finance of America Companies Inc. (NYSE: FOA ) (“FOA” or the “Company”), a leading specialty finance and solutions platform, issued the following statement today from FOA Interim Chief Executive Officer Graham A. Fleming regarding the entry into an agreement for th...

Innovative reverse mortgage product provides flexible financing solution, gives homeowners access to cash while preserving their low-interest-rate first mortgage Millions of older Americans have, in recent years, secured or refinanced their mortgages into record-low interest rates compa...

Summary Mortgage Origination is a cyclical business, dependent on stable interest rates. In 2022, the Federal Reserve hiked rates at a pace never seen before. Many mortgage companies are hovering near 52-week lows. Companies making NonQM mortgages during 2022 lost millions due t...

TORONTO and TAMPA, Fla., Dec. 28, 2022 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce the appointment of Nichola...

Finance of America Cos. ( NYSE: FOA ) jumped 19% after the company agreed to acquire all the assets of reverse mortgage lender American Advisors Group. The deal for American Advisors consists of cash and equity, according to a statement on Wednesday. The purchase is expected t...