"FoA, meanwhile, closed a partnership with Better Home & Finance Holding Co. in the home equity space and acquired $9.6 billion in mortgage servicing rights (MSRs) and PHH Mortgage Corp.'s pipeline of reverse mortgages from parent company Onity Group. FoA CEO Graham Fleming called this a pivotal moment for the senior finance market, saying the partnership with Blue Owl aims to build a platform of scale and innovation to better serve one of the fastest-growing demographics in the United States."
"FoA estimates that more than 10,000 Americans reach retirement age every day. Blue Owl is providing $2.5 billion in liquidity to support FoA's product innovation across multiple asset classes. FoA, which targets retirement-focused financial solutions, plans to expand beyond reverse mortgages into a full-spectrum home equity lending platform. The $50 million equity investment is intended to align the firms' long-term strategies."
FoA closed a partnership with Better Home & Finance Holding Co. and acquired $9.6 billion in mortgage servicing rights plus PHH Mortgage Corp.'s reverse mortgage pipeline from Onity Group. Blue Owl committed $50 million in equity and is providing $2.5 billion in liquidity to support FoA's product innovation across multiple asset classes and align long-term strategies. FoA aims to build a platform of scale and innovation to serve retiring Americans, noting more than 10,000 people reach retirement age daily. FoA plans to expand beyond proprietary reverse mortgages into a full-spectrum home equity lending platform. Proprietary reverse mortgage products accounted for over 35% of industry volume year-to-date. FoA reported a $29 million Q3 2025 loss while revenue climbed, and funded $1.97 billion in reverse mortgages in the first ten months, surpassing its 2024 total.
Read at www.housingwire.com
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