Global credit rating agency Morningstar DBRS last week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), confirming the ranking the company was assigned this past summer ahead of its earnings call this week.

The rating is officially classified as “MOR RVO2” by Morningstar. The agency once more noted the recent business history of FOA — including the abandonment of its forward mortgage business and its acquisition of American Advisors Group (AAG). In its previous assessment, Morningstar details ⇒

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