Recent Updates — FOA
Finance of America Reverse LLC closed a purchase of a reverse mortgage servicing portfolio and certain reverse originations assets from Onity Mortgage Corporation. The transaction included mortgage servicing rights for approximately 20,000 HECM loans with an unpaid principal balance of $5.2 billion, along with OMC's reverse mortgage loan pipeline and a three-year subservicing arrangement. Finance of America Companies Inc. operates in the mortgage and financial services industry.
On June 26, 2026, stockholders of Finance of America Companies Inc. approved via written consent to amend and restate its Amended and Restated Certificate of Incorporation. The changes include reclassifying Class B Common Stock to align with LLC Units in an Up-C structure, providing one vote per share of Class B, and allowing for executive officer exculpation. Finance of America Companies Inc. is a financial services company providing mortgage and real estate related services.