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.
Finance of America Equity Capital
The CEO of Finance of America Companies talks with RMD about what FAR’s position could look like post-IPO, and how the dynamics of its reverse mortgage business could change due to going public and a key new product offering.
FAR’s parent company is acquiring a home renovation loan provider to launch a new vertical, which FAR sees as having “synergies” with seniors’ desires to age in place.
As FAR’s parent company prepares for an impending IPO, earnings for the reverse mortgage lender looked strong in Q4 and full year 2020.
Finance of America Equity Capital LLC, a portfolio company of Blackstone Group, Inc. and parent company to leading reverse mortgage lender Finance of America Reverse (FAR), has released its earnings for the third quarter of 2020 ahead of its anticipated initial public offering (IPO) that will make the company publicly traded. This helps to provide […]
Finance of America Companies, parent to leading reverse mortgage lender Finance of America Reverse (FAR), will be making an initial public offering (IPO) with a valuation of $1.9 billion, upon a merger with a special-purpose acquisition company (SPAC). The public route being taken by Finance of America is because of the company’s investors, while the […]
Finance of America Equity Capital LLC, a portfolio company of Blackstone Group, Inc. and parent company to leading reverse mortgage lender Finance of America Reverse (FAR), is set to make an initial public offering (IPO) with a valuation of $1.9 billion, upon a merger with a special-purpose acquisition company (SPAC). The news was first reported […]
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