Finance of America Reverse (FAR) announced this week the launch of Finance of America University, a new educational initiative and platform designed to bring partners up to speed on reverse mortgage offerings.
As public companies in the forward mortgage business report a lot of reduced earnings, public companies with reverse mortgage segments are touting those divisions’ solid performance, as noted by RMD’s editor in this new commentary.
Finance of America Reverse (FAR) posted strong gains in Q2 2021, notably performing well in comparison to the parent company’s traditional mortgage business.
Finance of America Companies reported strong results in its Q1 2021 earnings, citing the reverse mortgage business – Finance of America Reverse (FAR) – as a particularly strong performer.
As FAR’s parent company begins its trading week on Wall Street, the reverse mortgage lender remains confident in its new position, while early share price values have fallen.