Monitor for Ginnie Mae consent and closing by August 1. The acquisition significantly expands FOA's reverse mortgage servicing scale, potentially boosting future servicing fee income. Watch for any delays or regulatory hurdles.
Price Chart
Executive Summary
Finance of America Reverse LLC (a subsidiary of FOA) amended its agreement with Onity Mortgage Corporation to acquire mortgage servicing rights on approximately 20,000 HECM loans with an unpaid principal balance of $5.1 billion. The purchase price is based on estimated book value plus adjustments, with OMC continuing as subservicer under a three-year agreement. The transaction is subject to Ginnie Mae consent and expected to close by August 1, 2026.
Key Financial Metrics
Key Facts
- Purchase of MSRs on ~20,000 HECM loans with $5.1 billion UPB
- Purchase price based on estimated book value of assets (undisclosed amount)
- OMC to subservice MSRs for three years with auto-renewal
- Transaction subject to Ginnie Mae consent, closing by August 1, 2026
Financial Impact
UPB of $5.1 billion; purchase price undisclosed but based on book value
Risk Factors
- Failure to obtain Ginnie Mae consent could block the transaction
- Post-closing adjustments could affect final purchase price
- Integration risks including employee assumption and servicing transition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030481 |
| Document: 0001628280-26-030481-index-headers.html | 0001628280-26-030481 |
| Document: 0001628280-26-030481-index.html | 0001628280-26-030481 |
| Document: 0001628280-26-030481.txt | 0001628280-26-030481 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | Insider Cluster | $15.26 | awaiting T+60 | — | $10.77 (−29.42%) |
Aug 12, 2026 10w ago | Insider Cluster | $22.31 | awaiting T+60 | — | $10.77 (−51.73%) |
Aug 10, 2026 11w ago | Insider Cluster | $21.55 | awaiting T+60 | — | $10.77 (−50.02%) |
Jul 2, 2026 16w ago | Insider Cluster | $26.88 $13.02 | ▼ −51.56% | ▼ −53.28% | $10.77 (−59.93%) |
Jun 11, 2026 19w ago | Institutional Cluster | $20.21 $17.16 | ▼ −15.09% | ▼ −19.49% | $10.77 (−46.71%) |
May 5, 2026 25w ago | 8-K | $21.01 $22.75 | ▲ +8.28% | ▲ +6.22% | $10.77 (−48.74%) |
May 5, 2026 25w ago | 8-K | $21.01 $22.75 | ▲ +8.28% | ▲ +6.22% | $10.77 (−48.74%) |
Apr 1, 2026 29w ago | Insider Cluster | $17.20 $27.40 | ▲ +59.30% | ▲ +45.92% | $10.77 (−37.38%) |
Mar 13, 2026 32w ago | Insider Cluster | $16.30 $19.38 | ▲ +18.90% | ▲ +7.28% | $10.77 (−33.93%) |
Feb 27, 2026 34w ago | Insider Cluster | $19.35 $19.82 | ▼ −2.43% | ▲ +6.96% | $10.77 (+44.34%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers