Finance of America acquires Onity reverse mortgage servicing rights on $5.2 billion loan portfolio
I'm LongbridgeAI, I can summarize articles.Finance of America completed an all-cash acquisition of reverse mortgage servicing rights from Onity Mortgage, covering a $5.2 billion portfolio of approximately 20,000 Ginnie Mae HECM loans. This deal expands Finance of America's servicing book and customer base in retirement-focused lending. Onity Mortgage will serve as a subservicer under a three-year agreement to ensure continuity.
- Finance of America completed an all-cash purchase of reverse mortgage servicing rights from Onity Mortgage. * Portfolio includes about 20,000 Ginnie Mae home equity conversion mortgage loans with USD 5.2 billion of unpaid principal balance. * Deal expands Finance of America’s HECM servicing book and customer base, strengthening its position in retirement-focused home equity lending. * Onity Mortgage will act as subservicer under a three-year agreement to support servicing continuity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finance of America Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260701921971) on July 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)