FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB
FOA will also acquire Onity’s pipeline of reverse mortgage loans, and Onity will exit the reverse mortgage originations business.
Finance of America
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Finance of America expands HomeSafe Second reverse mortgage to three more states
Finance of America has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates.
FOA maps next steps after PHH reverse asset acquisition
In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare for changes.
PHH Mortgage will halt reverse originations, sell MSRs to Finance of America
Onity Group will sell $9.6 billion in reverse mortgage servicing rights to Finance of America and exit the reverse origination business.
Reverse mortgage production metrics took a tumble in August
Despite a sharp decline in August endorsements, wholesale sponsors like Longbridge and Finance of America helped to sustain volumes.
Reverse mortgage lenders log Q2 profits amid home equity, AI push
The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop.
The proprietary reverse mortgage landscape is getting crowded
As more private-label reverse mortgage products are introduced, we asked some key providers if they see issues in being able to stand out.
FOA president talks business progress amid strong Q1 earnings
FOA President Kristen Sieffert highlighted some of the company’s business progress in Q1, new marketing moves and an executive promotion.
Finance of America posts a profit, beats funded volume estimates in Q1 2025
One of the nation’s leading reverse mortgage lenders posted positive financial results in Q1 2025, leading to a rise in its share price.
Attendees encouraged by reverse mortgage conference in California
Attendees offer their thoughts on the first NRMLA reverse mortgage industry event of 2025 and what they found most valuable.