Finance of America Companies In
FOA-WT
New York Stock Exchange0.01
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Finance of America Companies In
FOA-WT
(New York Stock Exchange)
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ROIC.AI
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- Finance of America Companies Inc. Finance of America Companies Inc. (NYSE: FOA), through its subsidiaries, operates as a financial services holding company that provides home equity-based financing solutions focused on modern retirement needs in the United States; its core offerings include home equity conversion mortgages (HECM), non-agency reverse mortgage loans, proprietary second-lien reverse mortgage products such as HomeSafe Second, business purpose loans to residential real estate investors, product development, loan securitization, loan sales, risk management, servicing oversight, and asset management services across its Retirement Solutions and Portfolio Management segments. The company, founded in 2013 and headquartered in Plano, Texas, targets homeowners aged 55 and older, delivering these products through vertically integrated lending platforms, retail, wholesale, and correspondent channels, with additional specialty finance solutions like structured settlement funding. Recent strategic developments include the acquisition of certain assets from American Advisors Group (AAG), consolidating top retail and wholesale reverse mortgage platforms; a November 2025 agreement to acquire the HECM servicing portfolio, reverse mortgage assets, and origination pipeline from PHH Mortgage Corporation (a subsidiary of Onity Group Inc. Onity Group, Inc.), along with select origination staff and a subservicing agreement expected to close in Q1 2026 and be immediately accretive to earnings; repurchase of Blackstone's equity stake; full payoff of its working capital facility; and securing a new convertible debt facility, alongside a strategic partnership with Better.com to expand product distribution via technology.