Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange.
The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading Monday following the completion of its merger with blank-check company Replay Acquisition Corp.
It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January.
Like virtually all mortgage lenders, FOA posted record profits and originations in 2020. The lender increased originations by 70% details ⇒
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