Fitch downgrades — then upgrades — FOA issuer default rating
Housing Wire
NOVEMBER 5, 2024
FOA’s ratings remain supported by its established market position within the reverse mortgage sector and experienced senior management team.” The first offers the same interest rate and is due in 2026 (with a company option to extend into 2027), while the second has a 10% interest rate and comes due in 2029.
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