Global credit rating agency DBRS Morningstar this week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), reconfirming the ranking the company was assigned at a similar point last year.

The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted the recent business history of FOA — including the abandonment of its forward mortgage business and its acquisition of American Advisors Group (AAG) — while mentioning the relative stability of its senior leadership team in the analysis to details ⇒

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