Finance of America completes acquisition of 20,000 HECM MSRs totaling $5.2B

Finance of America completed an all-cash acquisition of reverse mortgage servicing rights for ~20,000 HECM loans with $5.2 billion unpaid principal balance.Key Highlights:Original SEC Filing: Finance of America Companies Inc. [ FOA ] - 8-K - Jul. 01, 2026This is an AI-powered summary. It may contai…

Finance of America completed an all-cash acquisition of reverse mortgage servicing rights for ~20,000 HECM loans with $5.2 billion unpaid principal balance.

Key Highlights:

Acquired servicing rights for ~20,000 Ginnie Mae HECM loans representing $5.2 billion UPB, expanding servicing portfolio.
Transaction includes OMC’s pipeline of reverse mortgage loans as of closing, adding future originations.
Entered a three-year subservicing agreement with Onity to ensure operational continuity and diversify servicing footprint.
All-cash purchase aims to strengthen market position as a leading provider of home equity-based retirement solutions.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.