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Finance of America Companies Inc RPLA.U


Primary Symbol: FOA Alternate Symbol(s):  FOA.WS

Finance of America Companies Inc. offers retirement solutions platform that provides customers with access to a range of retirement offerings centered on the home. In addition, it offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors. It has two segments: Retirement Solutions and Portfolio Management. Retirement Solutions segment includes all loan origination activity for the Company, including the origination of home equity conversion mortgages, proprietary reverse mortgage loans, and hybrid mortgage loans through both the retail and wholesale/ third-party originator channels. Portfolio Management segment provides product development, loan securitization, loan sales, risk management, servicing oversight, and asset management services for the Company. It uses a combination of proprietary and third-party intellectual property, such as owned or licensed trademarks, trademark applications and domain names.


NYSE:FOA - Post by User

Post by Benedictuson Feb 16, 2021 1:37am
96 Views
Post# 32570891

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Is anyone looking into this one? Doing some preliminary research and so far it's interesting. If there is a strong post Covid economic recovery along with an ongoing extremely accommodative Fed, the spread tailwind could be very supportive for 2021 upside potential. I like their diversified market approach for downside protection and some of the built in upside to their valuation modeling. Investor presentation was put together in October 2020 and since then the Fed has pushed out their accommodative forecast which bodes well for earnings this year. Plus once they despac they will have cash to go shopping and they've proven quite successful wither M&A strategy over the years. Supposed to despac near. End of March so I'd expect a possible run up into closing and then a sell off from original holders not subject to lockup who just want to carry their free warrants. So trading could be choppy for 1H 21 but then the earnings upside potential should kick in.. all imo. Would welcome other thoughts insights on this one. 

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