Finance of America Companies Inc.

Finance of America Companies Inc. reported a significant decline in its first-quarter 2026 financial results. Net income decreased by 53.1% to $35.16 million, while total revenues fell 27.5% to $120.14 million compared to the prior year. Diluted EPS from continuing operations also saw a substantial drop of 65.6% to $0.88. The company continues to focus on home equity-based financing solutions for a modern retirement.

Finance of America Companies Inc. reported strong first-quarter 2026 financial results, with basic earnings per share of $1.93 and net income of $35 million. Adjusted earnings per share reached $1.10, exceeding consensus estimates, and adjusted net income was $26 million. The company also saw a 6% year-over-year increase in funded volume and a significant rise in total and tangible equity.

Finance of America Reverse LLC (FAR), a subsidiary of Finance of America Companies Inc., has amended its agreement with Onity Mortgage Corporation to acquire mortgage servicing rights (MSRs) for approximately 20,000 home equity conversion mortgage (HECM) loans, totaling $5.1 billion in unpaid principal balance. The deal also includes Onity's reverse mortgage loan pipeline and the assumption of certain US-based reverse originations employees. Onity will continue as the subservicer for the acquired MSRs for three years and will discontinue its reverse originations business. The transaction is subject to customary closing conditions, including consent from the Government National Mortgage Association.