FOA rating downgraded by Fitch following debt exchange plan

Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America, the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt exchange plan that staves off maturity risk beyond 2025.FO
Read MoreIncomes are rising for experienced Realtors but falling for younger ones

In a difficult housing market for Realtors, experience matters — a lot.That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues.The media
Read MoreWhy ADUs can be used for aging in place — and how reverse mortgages might help

Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private companies and public officials alike that emphasize their utility for housing seniors. In one recent instance highlighted by the Los Angeles Times, one fam
Read MoreThe financial strength of US homeowners is a cushion against a downturn

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week, and now the FHFA National Mortgage Database Aggregate Statistics, we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that e
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