Finance of America Completes Acquisition of Reverse Mortgage Assets from Onity

July 1, 2026 - 20:37

PLANO, Texas, July 1, 2026 -- Finance of America Reverse LLC, a subsidiary of Finance of America Companies Inc., announced today that it has completed its acquisition of reverse mortgage servicing rights from Onity Group Inc.'s subsidiary, Onity Mortgage Corporation. The deal was an all-cash transaction covering roughly 20,000 Ginnie Mae home equity conversion mortgage loans.

The company, which describes itself as the leading provider of home equity-based retirement solutions, said the purchase strengthens its position in the reverse mortgage market. By adding these servicing rights, Finance of America expands its portfolio of loans backed by the Federal Housing Administration.

Executives noted that the acquisition aligns with the firm's strategy to focus on helping older homeowners access their home equity. The move also consolidates a significant block of government-insured reverse mortgages under one servicer.

Finance of America Companies Inc. is publicly traded on the New York Stock Exchange under the ticker symbol FOA. The company did not disclose the exact purchase price but confirmed the deal was funded entirely with cash on hand.