Finance of America has become a Founding Member of NYSE Texas, focusing on educating Americans about home equity-based retirement solutions for individuals over 55. The development of NYSE Texas is anticipated to enhance investor access and economic growth in the region, which already has the highest number of NYSE-listed companies. The company previously faced compliance issues due to underperforming stock. After executing a reverse stock split, its stock price increased significantly. In Q2 2025, Finance of America reported a notable profit and impressive growth in reverse mortgage volume, exceeding its projections.
Finance of America, ranked as a leader in home equity financing for Americans over 55, expressed pride in being a Founding Member of NYSE Texas. The NYSE Texas formation is seen as a significant catalyst for economic growth in Texas, which harbors the most NYSE-listed companies. In late 2023, Finance of America faced noncompliance warnings due to stock performance, executing a reverse stock split to meet compliance expectations, resulting in a surge from approximately $7 to $28 per share.
In announcing its dual listing and intention to educate Americans about home equity-based retirement solutions, Finance of America aims to broaden investor access and awareness, stating its commitment to economic contributions through this partnership. Gov. Greg Abbott is optimistic about the economic impact of NYSE Texas, projecting it will attract institutional investors and create job opportunities while reinforcing Dallas's status as a financial and innovative hub.
Collection
[
|
...
]