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Finance Of America To Acquire Assets Of Reverse Mortgage Lender Aag

PUBLIC · FOADec 07, 2022

Acquiring Company

Finance of America

Acquired Company

Mortgage Lender

PlanoUnited KingdomFinancial ServicesReal EstateFinanceFintechLending

Description

Finance of America Companies Inc. (NYSE: FOA) (“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.

Quick answer

Finance of America is acquiring Mortgage Lender, announced December 7, 2022. Finance of America is based in Plano, Texas, United States.

How much did Finance of America pay for Mortgage Lender?
The deal value was not disclosed.
What does Finance of America do?
Finance of America (NYSE: FOA) is a specialty finance consumer lending platform that provides pathways to achieve greater financial freedom through home equity.
Where are Finance of America and Mortgage Lender based?
Finance of America is based in Plano, Texas, United States. Mortgage Lender is based in United Kingdom.
Who are the decision-makers at Finance of America?
Fundz holds 5 contacts at Finance of America. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Finance of America

Location

Plano, Texas, United States

About

Finance of America (NYSE: FOA) is a specialty finance consumer lending platform that provides pathways to achieve greater financial freedom through home equity. Through FOA’s subsidiaries, customers have access to a diverse range of flexible, end-to-end home financing and home equity solutions including home improvement loans and reverse mortgages as well as loans to residential real estate investors distributed across retail, third-party network, and digital channels. In addition, FOA’s companies offer complementary lending services to enhance the customer experience, as well as capital markets and portfolio management capabilities to optimize distribution to investors. FOA is headquartered in Plano, TX. For more information, please visit www.financeofamerica.com.

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Benjamin
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Frequently asked

Who acquired Mortgage Lender?

Mortgage Lender was acquired by Finance of America, based in Plano. The deal was reported on December 7, 2022. Finance of America (NYSE: FOA) is a specialty finance consumer lending platform that provides pathways to achieve greater financial freedom through home equity. Finance of America is publicly traded (FOA) and operates in Financial Services.

When did Finance of America acquire Mortgage Lender?

Finance of America's acquisition of Mortgage Lender was reported on December 7, 2022. Finance of America Companies Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mortgage Lender do?

UK Mortgage Lender. UK's best available service with information and reviews on all the UK Mortgage Lenders. Find out what the mortgage lenders don't want you to know. Compare over 100 mortgage lenders. It is privately held, and is based in United Kingdom.

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