Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit.

In a Wednesday earnings call, company leaders outlined their assessment of the reverse mortgage market moving forward, describing 2024 as a year of “momentum” for the company owing to the achievement of “strategic objectives.” The company also recently appointed two new executives charged with leading the creation of new digital tools for the organization.

But the news of a quarterly loss temporarily rattled the company’s stock price. details ⇒

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