Subject: Re: o/t, terrific 8 minute interview with Whitney
Lee Cooperman has been buying up shares of Finance Companies of America [FOA}, a purveyor of reverse mortgages.
https://www.sec.gov/Archives/e...
Company website:
https://www.financeofamerica.c...
Teaser: FOA loan origination volume was up 35% YoY to $602 million in Q2 2025
When I hear the term "reverse mortgage" I feel an immediate urge to hold my nose. However, if this industry helps people continue to live financially independent and stay in their homes longer, maybe I will hold my nose and take a small position.