Finance of America Companies Inc. Class A Common Stock (FOA)
24.92
+0.23 (0.93%)
Finance of America Companies Inc is a financial services company that specializes in providing a diverse range of lending solutions tailored to meet the needs of both consumers and businesses
The company offers mortgage origination services, focusing on residential home loans, as well as a variety of financial products that cater to commercial borrowers. Through its innovative technology and customer-centric approach, Finance of America aims to simplify the borrowing process, enhance accessibility to capital, and support clients in achieving their financial goals.
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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 Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement, today announced plans to consolidate its American Advisors Group (AAG) and Finance of America Reverse (FAR) brands under the single brand name, Finance of America. The change is generally expected to take effect in the third quarter of 2024 and will remain subject to regulatory considerations in certain jurisdictions.
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.
