Finance Of America Cos

Finance of America Cos. Inc. engages in the provision of mortgage loans, reverse mortgage loans, and business purpose loans to residential real estate investors. It offers a vertically integrated lending and services platform that connects borrowers with investors. The company was founded on October 9, 2020 and is headquartered in Plano, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Finance of America reports Q4 loss, eyes growth in reverse mortgages

Finance of America reported a net loss in Q4 2022, driven by wind down and operating losses, but made strategic decisions to focus on high-growth areas like Reverse mortgages.
The acquisition of AAG positions the company as the largest reverse originator, with steps taken to strengthen the balance sheet and anticipate improved performance in 2023.
While near-term volatility is expected due to recent transformations, Finance of America's focus on growth areas and balance sheet enhancements signal a commitment to long-term success.

Finance Of America reports Q1 progress amidst challenges and opportunities

Finance Of America's Q1 2023 earnings call highlighted progress, challenges, and opportunities for the company.
Management's focus on core businesses and long-term earnings power instills confidence in stakeholders.
Analysts' inquiries into competition, profitability, and restructuring reflect market interest in the company's performance.
Overall, Finance Of America's strategic direction and financial improvements position it for future growth and success.

Finance of America reports Q2 losses but eyes growth opportunities

Finance of America's Q2 performance reflects challenges from market impacts but also strengths in strategic actions and growth potential in modern retirement solutions.
Efforts to streamline operations, reduce expenses, and leverage home equity present opportunities for long-term financial stability and earnings growth.
Despite challenges in Q2, the company's focus on integration, cost savings, and market leadership positions it well for future success in addressing the retirement savings gap.

Finance of America reports Q3 losses but eyes strategic growth

Finance of America faced challenges in Q3 with a net loss, but remains optimistic about future success amidst macro headwinds.
Strategic actions to enhance revenue and cost reduction efforts have positioned the company for long-term growth and efficiency.
Opportunities lie in expanding product offerings, improving customer experience, and leveraging a customer-centric approach for sustained success.

Finance of America reports Q4 results, targets growth and profitability

Finance of America's Q4 performance showed mixed results with improved margins and reduced expenses. The company is focused on growth, profitability, and integrating home equity into retirement planning. Analyst questions and concerns were addressed during the call.

Finance of America reports improved Q1 performance and eyes growth opportunities

Finance of America is on track towards sustained profitability, with executives expressing confidence in the company's trajectory. The company is modernizing its operations, focusing on digital capabilities, and targeting growth in origination volumes for the upcoming quarters.

Finance Of America Cos reports positive Q2 performance and growth outlook

FOA's Q2 performance reflects positive trends in adjusted EBITDA and revenue growth.
The company's strengths include improved fundamentals, strategic initiatives, and growth outlook.
Challenges in managing expenses and maximizing profitability require focused attention.
Opportunities in leveraging programs, strategic growth initiatives, and market expansion are key.

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IRVING, Texas and SAN FRANCISCO--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA) an end-to-end lending and services platform, today announced that its mortgage originations subsidiary, Finance of America Mortgage LLC (“FAM”), intends to acquire certain assets of Parkside Lending LLC, a wholesale, retail and correspondent lender that serves the needs of mortgage professionals, for approximately $40 million. The highly complementary combinati

Finance of America Companies Bolsters Wholesale Platform With Acquisition of Certain Assets of Parkside Lending

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“Finance of America” or “the Company”), an end-to-end lending and services platform, today announced the appointment of Johan Gericke as Executive Vice President, Chief Financial Officer. Mr. Gericke will oversee all aspects of the Company's financial responsibilities, including financial reporting, internal controls, and business processes, as well as strategic planning, treasury and investor relations. “Johan is a

Finance of America Strengthens Leadership Team

News for Finance Of America Cos Stock (FOA)