General World News

Finance of America hit with layoffs; chief retail sales officer steps down

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News.

While FOA catapulted to the top spot in the reverse mortgage industry virtually overnight last year after closing on its acquisition of former industry leader American Advisors Group (AAG), the company has also wrestled with fiscal challenges, according to recent earnings reports and a looming threat from the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com