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Finance of America asks investors to look beyond traditional mortgage

Housing Wire

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Finance of America funded $35.6 Finance of America shares were trading at $3.39 On paper, the company posted a $1.17

Finance 386
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FAR parent updates investors on AAG integration, business performance

Housing Wire

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Investor 418
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. Potential partnerships Home equity investments are likely to become essential to the home finance product marketplace.

Equity 426
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Introducing the 2023 HW Finance Leaders!

Housing Wire

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. Congratulations to the 2023 HW Finance Leaders. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

Finance 360
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 402
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Bill Dallas out at Finance of America Mortgage

Housing Wire

Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. His exit was first reported by Inside Mortgage Finance. Presented by: Finance of America. Last year, the lender funded $35.6

Finance 489
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Why investors believe CoStar holds a big advantage post-NAR settlement

Housing Wire

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investor 439