In addition to lifting home lending on a quarter-over-quarter basis, Finance of America Holdings LLC managed to maintain mortgage production on a year-over-year basis.
As of mid-year 2017, Finance of America serviced 11,338 loans with a collective unpaid principal balance of $2.155 billion. The portfolio receded from 15,514 loans for $3.272 billion three months earlier.
Those details and more were revealed as part of the the Horsham, Pennsylvania-based firm’s participation in the Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.
Source: Mortgage Daily