Items Tagged with 'Finance of America Mortgage'


  • Finance of America Mortgage settles FHA mortgage fraud lawsuit for $14.5 million

    Admits Gateway Funding Diversified Mortgage Services approved ineligible loans for FHA insurance
    Finance of America Mortgage has agreed to pay the U.S. government $14.5 million to settle a whistleblower lawsuit involving mortgage fraud. The payment settles the claim that Gateway Funding Diversified Mortgage Services, which FAM owns, knowingly originated and underwrote deficient mortgage loans insured by the FHA in violation of the False Claims Act.
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  • AIME shoots for 20% market share for wholesale mortgages by 2020

    Fueled by new sponsorship the organization is pushing for growth in the industry
    The Association of Independent Mortgage Experts is in growth mode, aiming for 20% market share of the mortgage market by 2020. Recent sponsorship from United Wholesale Mortgage, Caliber Home Loans, Finance of America Mortgage, and others have enabled AIME to offer free membership to partners of its sponsors. Included in membership are a set of tools and resources loan originators can use to increase productivity.
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  • Finance of America expands, brings B2R Finance, Jordan Capital Finance into fold

    Launches new division focused on lending to real estate investors
    Finance of America, a Blackstone Group portfolio company, made quite a splash in recent years as the nonbank revealed a serious growth plan with a series of acquisitions. Now, details of Finance of America’s latest expansion are being revealed, as the company announced that it is launching a new division that will focus on lending to real estate investors, bringing two well-known companies into the fold.
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  • Blackstone acquires majority stake in Stearns Lending

    Blackstone’s mortgage holdings just got much larger
    Blackstone, a full-service, private-equity funded investment bank and burgeoning mortgage lending giant based in New York, is set to increase its mortgage business even more, as the company looks to acquire a majority stake in Stearns Holdings, the parent company of Stearns Lending. Click here for more details.
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  • Mortgage lender Finance of America partners with Mike Ferry

    Blackstone affiliate aligns with well-known real estate coach
    Finance of America Mortgage, which boasts the backing of The Blackstone Group and recently splashed on the scene with a number of high-profile lender acquisitions, announced an affiliation with well-known real estate coach Mike Ferry and the Mike Ferry Organization.
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