Finance of America closes $5.2B reverse mortgage servicing acquisition from Onity

Finance of America Companies Inc.

Acquired ~20,000 HECM loans with $5.2B unpaid principal balance from Onity Mortgage Corp.
All-cash transaction; three-year subservicing agreement with Onity for operational continuity.
CEO Graham Fleming states deal strengthens market leadership in home equity retirement solutions.
Portfolio expands HECM servicing base and positions company for further growth.

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