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Agreement signedPublished 5 May 2026

Finance of America Reverse LLC /
Onity Group Inc.

Onity agrees to sell reverse mortgage servicing portfolio

Buy side: Finance of America Reverse LLC
Buy sideFinance of America Reverse LLC
Target: Onity Group Inc.
TargetOnity Group Inc.
Onity Group Inc. · 5 May 2026Source
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Buy side: Finance of America Reverse LLC
Buy sideFinance of America Reverse LLC
Target: Onity Group Inc.
TargetOnity Group Inc.
01 / BuyerFinance of America Reverse LLC
02 / TargetOnity Group Inc.
Source for the buyer and target: Onity Group Inc.

For the buyer and target.

“On April 30, 2026, Onity Group Inc. (“Onity” or the “Company”), through its wholly-owned subsidiary Onity Mortgage Corporation (“OMC”), and Finance of America Reverse LLC (“FAR”) entered into an amendment (the “Amendment”) to the parties’ agreements for the sale of Onity’s reverse mortgage servicing portfolio and certain reverse originations assets.”

Published 5 May 2026

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01

What happened

Onity Group and Finance of America Reverse amended their existing agreements for the sale of a reverse mortgage servicing portfolio and certain reverse originations assets. Under the amendment, Finance of America Reverse will acquire reverse mortgage servicing rights covering about 20,000 HECM loans, along with the pipeline of reverse mortgage loans as of closing. Onity Mortgage Corporation will become the subservicer for the transferred rights and will discontinue its reverse originations business upon closing, apart from certain HECM borrower recapture activities. Terms beyond the stated portfolio details weren't disclosed. [01]

02

The source

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01
Source · Onity Group Inc.

Onity agrees to sell reverse mortgage servicing portfolio

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Timeline

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  1. Published by Onity Group Inc.

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