FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources
Housing Wire
SEPTEMBER 29, 2022
Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . FoA originated $6 billion through the retail mortgage channel from January to June, down 50.7%
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