Earnings summaries and quarterly performance for Finance of America Companies.
Executive leadership at Finance of America Companies.
Board of directors at Finance of America Companies.
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Recent press releases and 8-K filings for FOA.
Finance of America Companies Inc. Completes $50 Million Convertible Preferred Stock Issuance
FOA
Convertible Preferred Issuance
- On December 15, 2025, Finance of America Companies Inc. completed the issuance and sale of 50,000 shares of Series A Convertible Perpetual Preferred Stock for an aggregate purchase price of $50 million.
- The Series A Preferred Stock was sold to investment funds managed by Blue Owl Alternative Credit Advisors LLC.
- In connection with this issuance, the company and Blue Owl entered into a Registration Rights Agreement.
- The Series A Preferred Stock is convertible into shares of Class A Common Stock and holders are entitled to receive cumulative dividends that accrue daily.
Dec 17, 2025, 1:57 AM
Finance of America Companies Inc. Announces $50 Million Convertible Preferred Stock Issuance
FOA
Convertible Preferred Issuance
New Projects/Investments
- Finance of America Companies Inc. (FOA) entered into an Investment Agreement on December 11, 2025, to sell 50,000 shares of Series A Convertible Perpetual Preferred Stock for a total purchase price of $50,000,000.
- The Series A Preferred Stock is convertible into Class A Common Stock at an initial conversion price of $35.00 per share.
- Holders of the Series A Preferred Stock will have voting rights on an as-converted basis, subject to a 4.9% voting cap of the aggregate total voting power of outstanding Common Stock, and separate class voting rights for certain adverse changes.
- The company may redeem the preferred stock on or after the fourth anniversary of the closing date for $1,000 per share plus accrued and unpaid dividends.
- Investor Blue Owl will gain the right to designate a board member or observer if Series A Preferred Stock remains outstanding on the seventh anniversary of the closing date.
Dec 13, 2025, 12:02 AM
Finance of America Announces Strategic Partnership with Blue Owl
FOA
New Projects/Investments
M&A
- Finance of America (FOA) announced an expanded $2.5 billion strategic partnership with funds managed by Blue Owl Capital to accelerate product innovation and distribution for home equity lending.
- The partnership includes a $2.5 billion commitment for new product innovation and origination growth, as well as a $50 million equity investment in Finance of America, enhancing long-term alignment between the companies.
- This collaboration aims to expand FOA's offerings beyond reverse mortgages, positioning it as a leading, full-spectrum home equity lending platform to serve the rapidly growing retirement demographic.
Dec 11, 2025, 10:19 PM
Finance of America Reverse to Acquire PHH Mortgage's Reverse Servicing Portfolio
FOA
M&A
New Projects/Investments
Share Buyback
- Finance of America Reverse LLC (FOA) is acquiring a reverse mortgage servicing portfolio from PHH Mortgage Corporation, a subsidiary of Onity Group Inc., with the transaction expected to close in the first quarter of 2026.
- The acquisition involves approximately 40,000 Ginnie Mae-backed Home Equity Conversion Mortgage loans with a total unpaid principal balance of $9.6 billion.
- FOA plans to fund the purchase primarily through warehouse and asset-level financing and expects the deal to immediately enhance earnings and cash flow.
- PHH Mortgage anticipates net proceeds of $100 to $110 million, which it intends to use for growth initiatives, debt reduction, and potential share repurchases.
- As part of the deal, PHH will cease originating reverse mortgage loans but will enter into a three-year subservicing agreement with FOA.
Nov 18, 2025, 11:55 PM
Finance of America to Acquire Reverse Mortgage Assets From PHH Mortgage
FOA
M&A
New Projects/Investments
Guidance Update
- Finance of America Companies Inc. (FOA), through its subsidiary Finance of America Reverse LLC, announced an agreement on November 18, 2025, to acquire the home equity conversion mortgage (HECM) servicing portfolio and other reverse mortgage assets from PHH Mortgage Corporation, a subsidiary of Onity Group Inc., in an all-cash transaction.
- The acquisition is expected to be immediately accretive to earnings, Adjusted Earnings per Share, and cash flow for FOA.
- The transaction includes acquiring PHH's reverse mortgage loan pipeline, integrating select members of PHH's origination team, and establishing a three-year subservicing agreement with PHH.
- The deal is anticipated to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions, and will open a new distribution channel for Finance of America's HomeSafe® Second product through PHH's forward mortgage customers.
Nov 18, 2025, 9:15 PM
Finance of America Reports Strong Q3 2025 Adjusted Earnings and Provides 2026 Guidance
FOA
Earnings
Guidance Update
Share Buyback
- Finance of America reported Q3 2025 adjusted net income of $33 million and adjusted EPS of $1.33, representing a significant sequential improvement and more than double the level from a year ago. Year-to-date 2025, adjusted net income reached $60 million, or $2.33 per share, compared to $9 million, or $0.38 per share, in the first nine months of 2024.
- The company significantly enhanced its liquidity, ending Q3 2025 with $110 million in cash and cash equivalents , driven by over $3 billion in securitizations during the quarter, including a record nearly $2 billion issuance in September.
- FOA entered an agreement to repurchase the entirety of Blackstone's equity stake for approximately $80 million, with completion anticipated to begin later in November and into December 2025.
- Management reaffirmed its full-year 2025 adjusted EPS target of $2.60-$3.00 and provided 2026 adjusted EPS guidance of $4.25-$4.75 per share, alongside expected 2026 volume growth of 20%-25% year over year.
Nov 4, 2025, 10:00 PM
Finance of America Reports Third Quarter 2025 Results
FOA
Earnings
New Projects/Investments
Share Buyback
- Finance of America reported a net loss from continuing operations of $29 million for Q3 2025, resulting in basic earnings per share of $(0.98), primarily due to changes in model assumptions related to home price appreciation.
- Despite the GAAP loss, the company achieved adjusted net income of $33 million for Q3 2025, or $1.33 in adjusted earnings per share, representing a 136% improvement compared to Q2 2025 and 120% year over year.
- Year-to-date (first nine months of 2025), funded volume reached $1.8 billion, a 28% increase from the same period in 2024, with Q3 2025 funded volume at $603 million.
- The company announced a strategic partnership with Better.com to expand product offerings, repaid $85 million of higher cost working capital facilities, and entered into an agreement to repurchase Blackstone's equity stake.
Nov 4, 2025, 9:05 PM
Finance of America Reports Third Quarter 2025 Results
FOA
Earnings
New Projects/Investments
Share Buyback
- Finance of America reported a net loss of $29 million from continuing operations in the third quarter of 2025, primarily due to changes in model assumptions related to home price appreciation. However, adjusted net income was $33 million for Q3 2025, representing a 136% improvement compared to Q2 2025 and 120% year-over-year.
- For the first nine months of 2025, the company achieved $131 million of net income from continuing operations and $60 million of adjusted net income.
- Funded volume reached $603 million in the third quarter of 2025, bringing the year-to-date funded volume to $1.8 billion, a 28% increase from the same period in 2024.
- Cash and cash equivalents significantly increased from $46 million as of June 30, 2025, to $110 million as of September 30, 2025.
- The company announced a strategic partnership with Better.com to expand product offerings and entered into an agreement to repurchase Blackstone's equity stake, which reduced total equity from $473 million to $366 million as of September 30, 2025.
Nov 4, 2025, 9:05 PM
Finance of America Announces Partnership with Better.com to Expand Home Equity Products
FOA
Product Launch
New Projects/Investments
- Finance of America Reverse LLC has partnered with Better Home & Finance Holding Company to utilize the Tinman® AI Platform.
- This partnership enables Finance of America to offer Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELOANs) for the first time, expanding its home equity solutions for homeowners over 55.
- The Tinman® AI Platform will facilitate a fully digital application and approval process, allowing Finance of America to originate these new products efficiently without needing to build new infrastructure.
- Additionally, Finance of America will become Better.com's origination partner for reverse mortgages, including traditional HECM and its HomeSafe™ product suite.
Oct 14, 2025, 12:00 PM
Finance of America Partners with Better.com to Expand Home Equity Offerings
FOA
Product Launch
New Projects/Investments
- Finance of America Reverse LLC has partnered with Better Home & Finance Holding Company to launch Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELOANs).
- This collaboration marks the first time Finance of America will offer these home equity products, expanding its solutions beyond reverse mortgages.
- The new HELOCs and HELOANs will be offered through Better's proprietary Tinman AI Platform, providing a fully digital, AI-powered application and approval process with many loans eligible for funding in just days.
- Additionally, Finance of America will become Better's origination partner for reverse mortgages, including both traditional HECM and the HomeSafe™ proprietary product suite.
Oct 14, 2025, 12:00 PM
Quarterly earnings call transcripts for Finance of America Companies.
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