Senior-held home equity falls to $12.84 trillion in Q4 2023 [Yahoo! Finance]
Finance of America Companies Inc. Class A (FOA)
Company Research
Source: Yahoo! Finance
This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan The RMMI fell to 449.02 in Q4, a slight decline from the Q3 level of 453.19. Senior home values fell from $15.28 trillion in Q3 to $15.18 trillion in Q4, which could have been driven by an increase in senior-held mortgage debt to $19.8 billion. RiskSpan's analysis of the data asserted that this drop corresponds with a seasonal downturn in overall home sales, according to an email alert distributed to NRMLA's membership. The RMMI is often cited by reverse mortgage companies as a sign of the unrealized market potential of the industry. During Finance of America Companies Q4 earnings presentation last week, the company cited the Q3 2023 RMMI figure of $13.08 trillion as indicative of the potential for the home to serve as a senior's “ greatest retirement asset .” Senior homeowners were
Show less
Read more
Impact Snapshot
Event Time:
FOA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FOA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FOA alerts
High impacting Finance of America Companies Inc. Class A news events
Weekly update
A roundup of the hottest topics
FOA
News
- Three Leading Growth Stocks With Insider Ownership Exceeding 11% [Yahoo! Finance]Yahoo! Finance
- Finance of America Announces First Quarter 2024 Earnings Release and Conference Call on May 6, 2024Business Wire
- Finance of America Companies Full Year 2023 Earnings: US$0.34 loss per share (vs US$3.06 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Finance Of America Companies Inc. (NYSE:FOA) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Finance of America Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
FOA
Earnings
- 3/6/24 - In-Line
FOA
Sec Filings
- 4/9/24 - Form 8-K
- 4/3/24 - Form SC
- 4/3/24 - Form SC
- FOA's page on the SEC website