Announced
Completed
Financials
Tags
Mortgage Finance
Friendly
mortage services
Single Bidder
Acquisition
United States
commercial finance
Domestic
Private
Majority
Completed
Synopsis
Finance of America, a specialty finance and solutions platform, completed the acquisition of assets of American Advisors Group, a direct-to-consumer reverse mortgage lender. Financial terms were not disclosed. “This is an incredibly exciting day for our organizations and ultimately those we serve. By complementing FAR’s thought leadership and innovation with AAG’s unmatched investments in consumer awareness, we are strengthening a movement to change society’s retirement trajectory for the better and bringing FOA closer to its goal of helping more Americans thrive,” Kristen Sieffert, Finance of America President.
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