other material
confidence high
sentiment neutral
materiality 0.75
Finance of America completes wind-down of Mortgage Originations segment, excluding Home Improvement
Finance of America Companies Inc.
- Completed discontinuation of Mortgage Originations segment (except Home Improvement) on Feb 28, 2023.
- Pro forma net loss attributable to controlling interest for 9M ended Sep 30, 2022: $66.3M vs $133.7M historical.
- Pro forma total assets as of Sep 30, 2022 decreased by $718M to $20.5B.
- Wind down previously announced in Oct 2022; pro forma financials filed as Exhibit 99.1.