[Updated] FAR Parent Set to Go Public With $1.9 Billion Valuation

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 […]

WSJ: Coronavirus Worsens Finances of Seniors with Forward Mortgages

Growing numbers of American seniors are carrying forward mortgage debt, an issue that is likely to become exacerbated due to the effects of the COVID-19 coronavirus pandemic, as retirees are seeing many of their investments and accounts being negatively impacted by the national economic stand-still. This is according to data analysis from the Urban Institute […]

WSJ: Forward Lenders Finding New Ways for Seniors to Qualify

For an industry that often tries to communicate the benefits of either a Home Equity Conversion Mortgage (HECM) or a proprietary reverse mortgage offering to American seniors, it may be surprising to learn that there is still a segment of older people – some of whom are quite advanced in age – that are entering […]

WSJ: The Effects of Moving Baby Boomers on Home Prices

As many American baby boomers are poised to move out of their homes by the mid-to-late 2020’s, some observers are asking what kind of effect a mass migration of older Americans will have on the housing market and in some local economies. This is according to a story published in the Wall Street Journal (WSJ). […]

WSJ: Reasons Retirees Should Consider a Reverse Mortgage

Retirees should strongly consider employing a reverse mortgage loan to help fund their retirements, primarily because they can serve to protect against two major problems: falling home prices, and the increasing likelihood that a senior will outlive his or her assets. This is according to Professor Benjamin Harris, executive director of the Kellogg Public-Private Interface […]

WSJ: Home Sales Inch Upward in August, Stalling Fears of Housing Slowdown

The month of August resulted in the strongest sales of U.S. homes in nearly 18 months, which has eased some of the year’s previous concerns that the housing market is showing signs of normalizing after years of rapid growth in home values. This is according to analysis by reporters Will Parker and David Harrison at […]