Finance of America acquires reverse mortgage assets from Onity subsidiary PHH Mortgage; expects Q1 2026 close

Finance of America Companies Inc.

Acquires HECM servicing portfolio, reverse mortgage loan pipeline, and select origination team members from PHH Mortgage (Onity Group).
Deal funded by warehouse/asset-level financing and available liquidity; expected to be immediately accretive to earnings and cash flow.
Enters 3-year subservicing agreement with PHH; PHH will offer HomeSafe Second loans to its forward mortgage customers as a new distribution channel.
Transaction approved by boards of FOA and Onity; closing subject to regulatory approvals and customary conditions.
No specific purchase price disclosed; closing expected in Q1 2026.

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