Finance of America Cut 600 Jobs in Q1

HousingWire, May 9, 2022–Flavia Furlan Nunes
Like many of its competitors, the lender reported that its traditional mortgage business saw reduced originations and margins from January to March, mainly due to a drop-off in refinance volumes and an increase in spreads on non-agency mortgage products, which resulted in a reduction in revenues.
https://www.housingwire.com/articles/finance-of-america-cut-600-jobs-in-q1/