UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). Harter downgraded the company’s stock rating on from “buy” to “neutral” even after it reported strong earnings results in the third quarter of 2024.

In a note published this week that was reviewed by HousingWire’s Reverse Mortgage Daily (RMD) — and previously reported by the The Wall Street Journal and Seeking Alpha — Harter offered his reasoning for the downgrade details ⇒

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