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Finance of America

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FOA appoints new board members, including former US senator

March 20, 2025 by bp56691
FOA appoints new board members, including former US senator
The two new board members are expected to assist the reverse mortgage lender’s efforts in marketing and legislative affairs.
Categories Colorado, Finance of America, HWmember, Marketing, People Movers, Reverse, Senate

The state of the reverse mortgage business in early 2025

March 18, 2025 by bp56691
Reverse mortgage lenders are making moves in early 2025 while business is humming — though not booming — in the early months of the year.
Categories Fairway Independent Mortgage, FHA, Finance of America, HECM, HWmember, Longbridge Financial, Mutual of Omaha Mortgage, Reverse, Reverse Market Insight

FOA’s Kristen Sieffert talks about growing the business in 2025

March 14, 2025 by bp56691
FOA’s Kristen Sieffert talks about growing the business in 2025
FOA’s Kristen Sieffert explained what the company will prioritize in as it aims to reach more older homeowners with its reverse products.
Categories American Advisors Group, closed-end second liens, Finance of America, HWmember, Marketing, Reverse

Finance of America reports Q4 loss, full-year profit for 2024

March 12, 2025 by bp56691
FOA remains bullish about reverse mortgage industry prospects despite some market turbulence, its leaders said this week.
Categories Finance of America, HECM, HMBS, Reverse

New executive leaders at FOA to focus on ‘modernizing’ tech, customer experience

March 4, 2025 by bp56691
FOA has added new chief customer and technology officer roles to its rankings as it seeks to modernize its technology.
Categories Finance of America, HECM, HWmember, Mortgage, Reverse, Technology

FOA’s James Mittleman on reverse industry’s forward partnerships, proprietary as ‘the future’

February 25, 2025 by bp56691
Forward partnerships and proprietary products could have a big impact on the future of the reverse mortgage industry, James Mittleman explains.
Categories Finance of America, HECM, Reverse

FOA’s James Mittleman looks ahead at 2025 with AAG integration in rearview

February 10, 2025 by bp56691
The FOA/AAG integration is largely complete and is giving the company an optimistic outlook for 2025, according to its senior vice president of retail sales.
Categories AAG, Finance of America, HWmember, LendingLife, Retail Lending, Reverse

As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts

January 10, 2025 by bp56691
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.
Categories Celink, Disaster Relief, FEMA, FHA, Finance of America, HighTechLending, HUD, Mortgage Cadence, Natural Disaster, New American Funding, NRMLA, Reverse, Reverse Loans Now

New CFPB report looks at reverse mortgage activity in 2023

January 9, 2025 by bp56691
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the top of the industry.
Categories CFPB, Finance of America, Finance of America Reverse, HECM, Mutual of Omaha Mortgage, Reverse

The top 10 reverse mortgage lenders of 2024

January 8, 2025 by bp56691
The top 10 retail reverse mortgage lenders in 2024 weathered a challenging year, with key movements in the rankings.
Categories Fairway Independent Mortgage, Finance of America, HECM, Liberty Reverse Mortgage, Longbridge Financial, Mutual of Omaha Mortgage, Onity Group, Reverse, Reverse Market Insight
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