FOA reverse stock split goes into effect, appears to have intended impact

Coinciding with the effective date for a previously announced reverse stock split, the price for shares of leading reverse mortgage lender Finance of America (FOA) stood well above the minimum threshold the New York Stock Exchange (NYSE) requires to maintain trading activity. As of the close of trad
Read MoreSenate Aging Committee leaders introduce bill on aging in place

The bipartisan duo that leads the U.S. Senate Special Committee on Aging — Sens. Bob Casey, D-Penn., and Mike Braun, R-Ind. — introduced a bill this week that is designed to make it easier for U.S. seniors to qualify for the Program of All-Inclusive Care for the Elderly (PACE) program. The program,
Read MoreHousingWire Pulse: Respondents show cautious optimism about the Q3 housing market

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding mark
Read MoreUS Senate committee approves full funding for Ginnie Mae

The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. The commi
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