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Finance of America

Finance of America expands HomeSafe Second reverse mortgage to three more states

Finance of America, HELOC, Home Equity, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage, […]

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Finance of America’s 2025 profit soars 175% behind $2.4B in originations

Earnings, Finance of America, Graham Fleming, Home Equity, HWmember, Mortgage, PHH Mortgage Corp, Reverse /

Finance of America Companies Inc. (FOA) reported $110 million in net income from continuing operations in 2025, a 175% increase from the prior year, as the reverse mortgage and home equity lender benefited from higher funded loan volume and improved operating leverage. The company posted basic earnings per share of $5.04 for the year, while

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Finance of America tops HMBS market with 30% share

Finance of America, HMBS, HWmember, Mutual of Omaha Mortgage, New View Advisors, Origination, PHH Mortgage Corp, Reverse /

Finance of America (FOA) maintained its position as the top issuer of Home Equity Conversion Mortgage-backed Securities (HMBS) in 2025, underscoring significant changes in the reverse mortgage securitization market over the past decade. FOA issued $1.87 billion in HMBS last year, capturing roughly 30% of total market share, according to league tables compiled by New

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Lender Price integrates FOA’s reverse products into marketplace

Finance of America, HECM, HWmember, LendingLife, Partnerships, Reverse, Reverse Mortgage Daily, Technology /

California-based Lender Price has added its first reverse mortgage partner to its pricing and product eligibility (PPE) platform through an agreement with Finance of America (FOA). Lender Price Marketplace will provide brokers and lenders with live pricing for FOA’s Home Equity Conversion Mortgage (HECM) and HomeSafe proprietary reverse mortgage products. FOA — the second-largest HECM

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PHH Mortgage will halt reverse originations, sell MSRs to Finance of America

Finance of America, HWmember, Liberty Reverse Mortgage, MSRs, Onity Group, Partnerships, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

Onity Group — the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage — announced on Tuesday that the company has entered into a “strategic relationship” with Finance of America (FOA) to sell $9.6 billion in mortgage servicing rights (MSRs), among other agreements. A press release said that PHH/Liberty will

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Reverse execs eye more private products, urge HUD to modernize HECM program

Finance of America, HECM, HMBS, HWmember, LendingLife, Longbridge Financial, Mortgage, NRMLA, Reverse /

Reverse mortgage industry executives see a growing role for proprietary products despite persistent challenges in the secondary market. But they also agree on one thing — the Home Equity Conversion Mortgage (HECM) and its related mortgage-backed securities (HMBS)  programs remain critical pillars of the business. Their comments came during the National Reverse Mortgage Lenders Association

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Proprietary reverse loans give younger homeowners more options

FHA, Finance of America, HECM, Housing Market, HWmember, Mutual of Omaha Mortgage, Reverse, Reverse Mortgage Daily /

In an effort to nudge older homeowners to tap into their home equity, the reverse mortgage space is expanding beyond federally backed offerings as lenders develop proprietary products with fewer restrictions. The push reflects a confluence of factors: rising home values, inflation, relatively high mortgage rates and a swelling population of Americans nearing or entering

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Reverse mortgage AI tools set to transform senior borrower experience

Artificial Intelligence, Finance of America, Longbridge Financial, Mortgage, Reverse, Reverse Mortgage Daily, Technology /

Top U.S. reverse mortgage lenders are entering a new phase in their artificial intelligence (AI) strategy: deploying customer-facing tools to engage more directly with seniors. After achieving operational efficiencies by using AI internally, lenders now plan to roll out chatbots, voice agents and digital prequalification tools to a broader base of borrowers starting in the

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Reverse mortgage production metrics took a tumble in August

Finance of America, HECM, HMBS, HWmember, Longbridge Financial, Mortgage, Mutual of Omaha, New View Advisors, Reverse, Reverse Mortgage Daily /

Home Equity Conversion Mortgage (HECM) endorsements fell sharply in August, even as a handful of reverse mortgage lenders continued to dominate the market. The Federal Housing Administration (FHA) insured 2,062 HECMs in August, according to data compiled by New View Advisors that was released on Wednesday. That marked a 13% decline from July and the

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Reverse mortgage lenders log Q2 profits amid home equity, AI push

Artificial Intelligence, Earnings, Ellington Financial, Finance of America, Home Equity, HWmember, LendingLife, Mortgage, Onity Group, Reverse, Reverse Mortgage Daily /

The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop.  As a group, they posted $1.2 billion in originations in Q2 2025, compared to $1 billion in the first quarter. Executives pointed to stronger demand for home equity products among seniors, as

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