Finance of America Companies IncNYSE FOA Stock Report

Finance of America Cos. Inc. engages in the provision of mortgage loans, reverse mortgage loans, and business purpose loans to residential real estate investors. The company is headquartered in Plano, Texas and currently employs 2,312 full-time employees. The company went IPO on 2019-04-18. The firm operates through five segments. Mortgage Originations segment originates residential mortgage loans. This segment is involved in fee-based mortgage loan origination services and the origination and sale of agency and non-agency mortgage loans into the secondary market. Reverse Originations segment acquires reverse mortgage loans. This segment originates home equity conversion mortgages and non-agency reverse mortgages. Commercial Originations segment originates or acquires commercial mortgage loans. Lender Services segment provides complementary business services around the residential mortgage, student lending and commercial lending industries. Portfolio Management segment provides product development, loan securitization, loan sales, risk management, servicing oversight and asset management services to the enterprise and third-party funds.