FOA subsidiary to acquire $5.1B HECM MSR portfolio from Onity/PHH, assume pipeline and staff

Finance of America Companies Inc.

FAR to purchase HECM MSRs on ~20,000 loans with $5.1B UPB as of March 31, 2026.
FAR also acquires OMC's reverse loan pipeline; to assume US-based reverse origination employees.
Purchase price equals estimated book value of assets, with customary holdbacks and post-closing adjustments.
OMC will subservice the MSRs under a 3-year term with auto-renewal; OMC to stop reverse originations.
Closing subject to Ginnie Mae consent; either party may terminate if not closed by August 1, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Finance of America Companies Inc. amended the Amendment with Onity Mortgage Corporation valued at unpaid principal balance of $5.1 billion (effective 2026-04-30).

Action: amendment
Agreement: asset purchase
Counterparty: Onity Mortgage Corporation
Value: unpaid principal balance of $5.1 billion
Effective: 2026-04-30

Exact text from the filing

On April 30, 2026, Finance of America Reverse LLC (“FAR”), an indirect subsidiary of Finance of America Companies Inc., and Onity Mortgage Corporation (formerly known as PHH Mortgage Corporation) (“OMC”) entered into an amendment (the “Amendment”) to the parties’ agreements for the sale of OMC’s reverse mortgage servicing portfolio and certain reverse originations assets.

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Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-030481

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