Announcement: Moody’s affirms Finance of America Mortgage LLC’s assessment at Average, as an originator of conventional, conforming residential mortgage loans
Global Credit Research – 04 Dec 2020
New York, December 04, 2020 — Moody’s Investors Service (Moody’s) has assessed Finance of America Mortgage LLC (FAM) as an Average originator of conventional, conforming residential mortgage loans.
Headquartered in Horsham, PA, FAM is a wholly-owned subsidiary of Finance of America Holdings LLC (FAH). FAM began originating under its current name in 2015, following FAH’s acquisition of a regional mortgage company. As of 30 June 2020, FAM had 2,658 employees and 280 branches. FAM is licensed in all 50 states plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands
We assess FAM’s underwriting
Read More At: Article Source