Finance of America Reverse LLC /
PHH Mortgage Corporation
Finance of America to buy PHH reverse mortgage assets
Source for the buyer and target: Finance of America Companies Inc.
For the buyer and target.
“PLANO, Texas – November 18, 2025 – Finance of America Reverse LLC (“Finance of America”), the operating subsidiary of Finance of America Companies Inc. (NYSE: FOA) (“FOA”) and the nation’s leading provider of home equity–based retirement solutions, today announced it has entered into an agreement to acquire the home equity conversion mortgage (HECM) servicing portfolio, and certain other reverse mortgage assets, from PHH Mortgage Corporation (“PHH”), a subsidiary of Onity Group Inc. (NYSE: ONIT) (“Onity”), in an all-cash transaction.”
Published 18 Nov 2025
Open the sourceWhat happened
Finance of America Reverse LLC agreed to acquire the HECM servicing portfolio and certain other reverse mortgage assets from PHH Mortgage Corporation in an all-cash transaction. [01]
The purchase also includes PHH’s pipeline of reverse mortgage loans. Terms weren’t disclosed. [01]
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Finance of America to buy PHH reverse mortgage assets
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