Articles from Finance of America Companies Inc.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended September 30, 2024.

Finance of America Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement, today announced it has lowered the interest rate for its proprietary reverse HomeSafe Second loan from 9.99% to 9.49%, and broadened its availability in four additional states: Arizona, Nevada, Oregon, and Utah.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, is pleased to announce that holders of $342,622,000 aggregate principal amount (97.892%) of the outstanding 7.875% Senior Notes due 2025 (the “2025 Unsecured Notes”) of its subsidiary Finance of America Funding LLC (“FOA Funding”) have elected to participate, as of 5:00 P.M., New York City time, on October 25, 2024 (the original expiration time), in FOA Funding’s previously announced Exchange Offer.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the third quarter ended September 30, 2024 after market closing on Wednesday, November 6, 2024.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced the commencement by its subsidiary Finance of America Funding LLC (“FOA Funding”) of (i) an exchange offer (the “Exchange Offer”) for any and all of FOA Funding’s outstanding 7.875% Senior Notes due 2025 (the “2025 Unsecured Notes”) for (a) up to $200.0 million aggregate principal amount of 7.875% Senior Secured Notes due 2026 (the “New Senior Secured Notes”), (b) up to $150.0 million aggregate principal amount of 10.000% Exchangeable Senior Secured Notes due 2029 (the “New Exchangeable Notes” and, together with the New Senior Secured Notes, the “New Secured Notes”) and (c) a cash fee equal to 0.25% of the aggregate principal amount of outstanding 2025 Unsecured Notes that are exchanged in the Exchange Offer; and (ii) a consent solicitation (the “Consent Solicitation”) to holders of the 2025 Unsecured Notes in connection with the Exchange Offer.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, reported financial results for the quarter ended June 30, 2024.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the second quarter ended June 30, 2024 after market closing on Tuesday, August 6, 2024.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it expects its intended 1-for-10 reverse stock split of its outstanding shares of Class A Common Stock, previously disclosed on June 27, 2024, to be effective as of July 25, 2024 at 5:00 p.m. Eastern Time (the “Effective Time”). The Company’s Class A Common Stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange (“NYSE”) under the existing symbol (FOA) when the market opens on July 26, 2024. The new CUSIP number for the Company’s Class A Common Stock following the reverse stock split will be 31738L 206.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that certain of its direct and indirect subsidiaries, including Finance of America Funding LLC (“FOA Funding”), entered into an agreement (the “Exchange Offer Support Agreement”) with certain holders representing approximately 71.1% of FOA Funding’s outstanding unsecured Senior Notes due 2025 (the “2025 Unsecured Notes”) to support and participate in an exchange of any and all of the outstanding 2025 Unsecured Notes for (i) up to $200 million aggregate principal amount of Senior Secured First Lien notes due 2026, subject to certain extensions, and (ii) up to $150 million aggregate principal amount of Exchangeable Senior First Lien Notes due 2029. More information about the Exchange Offer Support Agreement is available in a Current Report on Form 8-K filed by Finance of America on June 25, 2024, with the Securities and Exchange Commission.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, reported financial results for the quarter ended March 31, 2024.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, today announced that it will release results for the first quarter ended March 31, 2024 after market closing on Monday, May 6, 2024.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, reported financial results for the quarter and year ended December 31, 2023.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, today announced that it will release results for the fourth quarter and full year ended December 31, 2023 after market closing on Wednesday, March 6, 2024.

The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE’s continued listed standards. The NYSE’s continued listing standards include the requirement set forth in Section 802.01C of the NYSE Listed Company Manual that the average closing price of a security is not less than $1.00 over a consecutive 30 trading-day period. If the average closing price of a security is less than $1.00 over a consecutive 30 trading-day period, then Section 802.01C of the NYSE Listed Company Manual provides for a six month cure period to regain compliance. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period), the security has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period. Further, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the NYSE, obtain the shareholder approval by no later than its next annual meeting and implement the action promptly thereafter. In such circumstances, the price condition will be deemed cured if the price of the security promptly exceeds $1.00 per share and the price remains above the level for at least the following 30 trading days.

The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE’s continued listed standards. The NYSE’s continued listing standards include the requirement set forth in Section 802.01C of the NYSE Listed Company Manual that the average closing price of a security is not less than $1.00 over a consecutive 30 trading-day period. If the average closing price of a security is less than $1.00 over a consecutive 30 trading-day period, then Section 802.01C of the NYSE Listed Company Manual provides for a six month cure period to regain compliance. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period) the security has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period. Further, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the NYSE, obtain the shareholder approval by no later than its next annual meeting and implement the action promptly thereafter. In such circumstances, the price condition will be deemed cured if the price of the security promptly exceeds $1.00 per share and the price remains above the level for at least the following 30 trading days.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, reported financial results for the quarter ended September 30, 2023.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a modern retirement solutions platform, today announced that it will release financial results for the third quarter ended September 30, 2023 after market closing on Tuesday, November 7, 2023.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a modern retirement solutions platform, announced today the expanded launch of its HomeSafe Second loan so that more homeowners 55 and older have a tool to access their home equity without adding new monthly payments or changing the existing rate on their first mortgage. With the wider rollout across its direct-to-consumer and wholesale divisions, Finance of America will increase the availability of this second-lien reverse mortgage product to homeowners and originators.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, reported financial results for the quarter ended June 30, 2023.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a modern retirement solutions platform, today announced that it will release results for the second quarter ended June 30, 2023 after market closing on Tuesday, August 8, 2023.

Finance of America Companies Inc. (NYSEFOA) (“FOA” or the “Company”), a modern retirement solutions platform, issued the following statement today from FOA Chief Executive Officer Graham A. Fleming regarding the closing of the previously announced sale of the title insurance business of Incenter, an FOA subsidiary, to a wholly owned subsidiary of Essent Group Ltd. NYSE: ESNTNYSEESNT)

Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSEFOA), a modern retirement solutions platform, reported financial results for the quarter ended March 31, 2023.

Finance of America Companies Inc. (NYSEFOA) (“FOA” or the “Company”) today announced changes to its financial reporting segments, effective for the quarter ended March 31, 2023, to more closely align with business strategy: Retirement Solutions, Portfolio Management and Corporate & Other.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a leading specialty finance solutions platform, today announced that it will release results for the first quarter ended March 31, 2023 after market closing on Monday, May 8, 2023.

Finance of America Companies Inc. (NYSEFOA) (“FOA” or the “Company”) today announced a new chapter in the Company’s strategy to create a retirement solutions platform that helps older homeowners achieve financial goals in retirement.

Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSEFOA), a leading specialty finance and solutions platform, reported financial results for the quarter and year ended December 31, 2022.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), 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.

Finance of America Companies Inc. (NYSEFOA) (“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 the sale of operational assets of Finance of America Commercial, a division of an FOA subsidiary that offers residential real estate investment loans, to Roc Capital Holdings LLC (“Roc360”), a vertically-integrated digital platform for residential real estate investors:

Finance of America Companies Inc. (NYSEFOA) (“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 the sale of the title insurance business of Incenter, an FOA subsidiary, to a wholly owned subsidiary of Essent Group Ltd. NYSE: ESNTNYSEESNT)

Finance of America Companies Inc. (NYSEFOA) (“FOA” or the “Company”), a leading specialty finance and solutions platform, today announced it will acquire assets of American Advisors Group (“AAG”), a leading direct-to-consumer reverse mortgage lender, in exchange for a combination of cash and equity. The transaction underscores FOA’s commitment to invest in businesses that have strong growth potential with structural and demographic tailwinds.

Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSEFOA), a customer focused, consumer and specialty lending business, reported financial results for the quarter ended September 30, 2022.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a leading specialty finance solutions platform, today announced that it will release results for the third quarter ended September 30, 2022 before market opening on Wednesday, November 9, 2022.

Finance of America Companies Inc. (NYSEFOA) (the “Company” or “FOA”), a leading specialty finance solutions platform, today announced its decision to discontinue the operations of its forward mortgage originations segment across both retail and wholesale channels by the end of the year.

Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSEFOA), a customer focused, consumer and specialty lending business, reported financial results for the quarter ended June 30, 2022.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a customer focused, consumer and specialty lending business, today announced that it will release results for the second quarter ended June 30, 2022 after market closing on Thursday, August 4, 2022.

Finance of America Companies Inc. (NYSEFOA) (the “Company”), a high growth consumer lending and services platform, today announced that Patricia L. Cook has informed the Board of Directors that she will step down from her role as Chief Executive Officer on June 30, 2022 to focus on her health as she attends to an existing medical condition.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), a high growth, consumer and specialty lending business, reported financial results for the quarter ended March 31, 2022.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), a high growth, consumer and specialty lending business, today announced that it will release results for the first quarter ended March 31, 2022 after market closing on Monday, May 9, 2022.

Finance of America Companies Inc. (NYSEFOA), a high-growth consumer lending and services platform, today announced that Jason Rudman has joined the Company as Chief Customer Officer.

Finance of America Companies Inc. (NYSEFOA) (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 the date of the Company’s 2022 Annual Meeting of Stockholders. The Board has commenced a search for a new CEO.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), 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.

Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSEFOA), a high growth, consumer and specialty lending business, reported financial results for the quarter ended September 30, 2021.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), 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.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), 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/investors.

Finance of America Companies Inc., (“Finance of America” or the “Company”) (NYSEFOA), a diversified, vertically integrated consumer lending platform, reported financial results for the quarter ended June 30, 2021.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), 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.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA), 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.

Finance of America Companies Inc. (“Finance of America”) (NYSEFOA), 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.

Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSEFOA) 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 combination, which is expected to close in the second quarter of 2021, is intended to strategically increase FAM’s third-party origination (TPO) coverage by more than 1,000 seasoned brokers with little customer overlap, and it puts FAM’s wholesale business on the path to becoming a top-five performer in the segment.

Finance of America Companies Inc. (NYSEFOA) (“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.