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

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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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Finance Of America Companies Inc. (FOA) CEO Patty Cook on Q4 2021 Results - Earnings Call Transcript

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSE: FOA), a high growth, consumer and specialty lending business, reported financial results for the quarter and year-ended December 31, 2021. Fourth Quarter and Full Year 2021 Financial Highlights Full year 2021 total originations were $35.6 billion, an increase of 9% compared to 2020 due to strong growth in Reverse and Commercial segments. Total revenue for 2021 of $1,736 million repr

Finance of America Reports Fourth Quarter and Full Year 2021 Results

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA), a high-growth consumer lending and services platform, today announced that Jason Rudman has joined the Company as Chief Customer Officer. In this newly created role, Rudman will oversee one of Finance of America's long-term strategic initiatives focused on further enhancing the customer experience across its entire ecosystem. Rudman will focus on identifying more personalized and impactful customer touchpoints design

Finance of America Names Jason Rudman as Chief Customer Officer

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (the “Company”), a high growth consumer lending and services platform, today announced that Chief Executive Officer Patricia L. Cook has informed the Board of Directors of her decision to retire from the Company. As part of this planned transition, Cook will continue to serve as Chief Executive Officer until a successor is appointed, and it is expected that she will remain on the Company's Board of Directors through t

Finance of America Companies CEO Patricia Cook to Retire

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a high growth, consumer and specialty lending business, today announced that it will release results for the fourth quarter and full year ended December 31, 2021 after market closing on Wednesday, March 2, 2021. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, March 3, 2022 at 8:00 am Eastern Time to discuss the Company's results for the fourt

Finance of America Announces Fourth Quarter and Full Year Earnings Release on March 2, 2022 and Conference Call on March 3, 2022

SAN FRANCISCO & CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, and Finance of America Mortgage LLC (“FAM”), one of the nation's largest home mortgage lenders, today announced that they will be hosting an informational webinar, "How to Ensure Success with Your 2022 Purchase Market Playbook." The hour-long webinar will take place on Tuesday, December 7, 2021 at 10am PT. Registration is free and can be found

HouseCanary and Finance of America Mortgage to Host Webinar Previewing 2022 Purchase Market

SAN DIEGO--(BUSINESS WIRE)--Finance of America Reverse (FAR), a retirement solutions company, announced that a new study published today in the Journal of Financial Planning reveals that reverse mortgages can provide an essential risk mitigation tool for millions of retirees—dramatically reducing exposure to longevity and market risks while also growing their investment portfolios. The pioneering study, To Reduce the Risk of Retirement Portfolio Exhaustion: Include Home Equity as a Non-Correlat

Groundbreaking New Study Demonstrates Reverse Mortgages Can Reduce Risk and Increase Wealth for Retirees

SAN DIEGO--(BUSINESS WIRE)--Finance of America Reverse revealed today the launch of a new website, FAR.com, and a transformative brand refresh that will help the company enhance how it engages with a wide range of multigenerational homeowners to showcase its suite of modern and flexible alternative financing solutions. This announcement marks a significant step for FAR with the introduction of Gary – a fictional character who is the embodiment of FAR and its relationship with customers – as an

Finance of America Reverse Has New Look, Brand Assets to Reflect Its Modern Identity & Impactful Relationships with Customers

Finance Of America Companies Inc.'s (FOA) CEO Patty Cook on Q3 2021 Results - Earnings Call Transcript

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSE: FOA), a high growth, consumer and specialty lending business, reported financial results for the quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Strong growth across segments generated quarterly revenues of $457 million, up 17% compared to the second quarter Mortgage Originations grew net rate lock volume and revenue by 15% and 8%, respectively, compared to

Finance of America Reports Third Quarter 2021 Results

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a diversified, vertically integrated consumer lending platform, today announced that it will release results for the third quarter ended September 30, 2021 after market closing on Monday, November 8, 2021. Webcast and Earnings Conference Call Management will host a webcast and conference call on Tuesday, November 9, 2021 at 8:00 am Eastern Time to discuss the Company's results for the third qua

Finance of America Announces Third Quarter 2021 Earnings Release on November 8, 2021 and Conference Call on November 9, 2021

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Finance of America Mortgage LLC (“FAM”), one of the nation's largest home mortgage lenders, today announced an interim increase in estimated 2022 conforming loan amounts to $625,000 for conventional single-family loans and is allowing higher limits for high-cost areas and homes with additional units. The change, which goes into effect today across all of FAM's lending channels, comes ahead of the November announcement on conforming loan limits from the Federa

Finance of America Mortgage Increases Conforming Loan Limits to Help Borrowers Overcome Rising Home Prices

Finance of America has diverse business lines to counter cyclical trends.

Finance of America: Why There Is A Lot To Like About This Stock

An exaggerated rout in mortgage originations caused an overdone selloff in the stock. The diversified nature of the business creates some protection from cyclicality as the housing market roils.

A Bounce Coming For Finance Of America

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a diversified, vertically integrated consumer lending platform, today announced that Patricia Cook, Chief Executive Officer will participate in a fireside chat as part of the Barclays Global Financial Services Conference on Tuesday, September 14, 2021 beginning at 7:30 am ET. A live webcast and replay will be accessible through the Finance of America website at https://www.financeofamerica.com/

Finance of America to Present at the Barclays Global Financial Services Conference

Finance of America Companies Inc. (FOA) CEO Patty Cook on Q2 2021 Results - Earnings Call Transcript

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSE: FOA), a diversified, vertically integrated consumer lending platform, reported financial results for the quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights Completed the business combination with Replay Acquisition Corp. on April 1, 2021 (the “Business Combination”) Total revenues were $389 million compared to $465 million in the second quarter of 2020 and $508 mi

Finance of America Reports Second Quarter 2021 Results

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a diversified, vertically integrated consumer lending platform, today announced that it will release results for the second quarter ended June 30, 2021 after the market close on Wednesday, August 11, 2021. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, August 12, 2021 at 8:00 am ET to discuss the Company's results for the second quarter ende

Finance of America Announces Second Quarter 2021 Earnings Release on August 11, 2021 and Conference Call on August 12, 2021

Mortgage, student loan and financial services company Finance of America (NYSE:FOA) is trading higher Tuesday on news of an analyst upgrade and an index inclusion. What Happened: Raymond James analyst Stephen Laws upgraded shares of Finance of America to Strong Buy and announced a price target of $13.50.

Why Finance Of America Shares Are Surging Higher Today

An analyst recently upgraded the stock, which will also soon join the Russell 3000 Index.

Why Shares of Finance of America Companies Are Rising Today

Finance Of America Companies Inc. (FOA) CEO Patricia Cook on Q1 2021 Results - Earnings Call Transcript

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies, (“Finance of America”) (NYSE:FOA), reported first quarter results for the period ended March 31, 2021. Finance of America is a diversified, vertically integrated consumer lending platform operating in three lending segments: Mortgage Originations, Reverse Originations, Commercial Originations, and two non-lending segments: Lender Services and Portfolio Management. First Quarter 2021 Highlights Total funded volume of $9.5 billion grew

Finance of America Reports First Quarter 2021 Results

HORSHAM, Pa.--(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 the launch of Finance of America Home Improvement, a new business division that offers non-mortgage financing options. The new offering is designed to help people achieve their home improvement goals by providing access to flexible financing for home renovations and improvements. It also delivers a proprietary technolog

Finance of America Expands Suite of Lending Solutions With Launch of ‘Finance of America Home Improvement'

IRVING, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA), a diversified, vertically integrated consumer lending platform, today announced that it will release results for the first quarter ended March 31, 2021 after the market close on Thursday, May 13, 2021. Webcast and Earnings Conference Call Management will host a webcast and conference call on Thursday, May 13, 2021 at 5:00 pm ET to discuss the Company's results for the first quarter ended March

Finance of America Announces First Quarter 2021 Earnings Webcast and Conference Call on May 13, 2021

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

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