Recent Updates — FOACW
Finance of America Companies Inc. reported financial results for the second quarter ended June 30, 2026. The company achieved funded volume of $730 million, a 21% year-over-year increase. GAAP diluted loss per share was $1.28, or a net loss of $29 million, compared to a GAAP basic earnings per share of $0.10 and net income attributable to Class A Common Stock of $1 million. Adjusted metrics showed adjusted EPS of $0.84 and adjusted EBITDA of $35 million. Total equity stood at $407 million with book value per common share of $33.20. The company also completed the acquisition of the Onity HECM servicing portfolio in June 2026. Finance of America Companies Inc. operates in the financial services industry, providing home equity-based financing solutions for retirement.
Finance of America Companies Inc. filed a Current Report on Form 8-K to announce the effectiveness of its Second Amended and Restated Certificate of Incorporation, Bylaws, and Limited Liability Company Agreement as of July 31, 2026. The Charter reclassifies outstanding Class B Common Stock held by Finance of America Equity Capital LLC (FOAEC) Class A Unit holders on a one-to-one basis, granting each share one vote to establish parity with LLC units. It also incorporates Delaware General Corporation Law amendments allowing for the exculpation of executive officers and reflects technical updates related to the repurchase of equity previously held by Blackstone Inc. affiliates. The Bylaws were concurrently updated to align with federal securities laws, including universal proxy card rules, and enhance stockholder nomination procedures. Finance of America Companies Inc. operates in the financial services industry, providing mortgage origination and servicing solutions.