Onity Group sells reverse mortgage servicing rights to Finance of America Reverse for $70 million-$80 million net proceeds

Finance of America Cos., Inc. Class A
Onity Group Inc.

Finance of America Cos., Inc. Class A

FOA

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Onity Group Inc.

ONIT

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  • Onity closed a transaction with Finance of America Reverse effective June 30, 2026, selling reverse mortgage servicing rights tied to about 20,000 Ginnie Mae HECM loans.
  • The servicing portfolio had a $5.2 billion unpaid principal balance as of May 31, 2026.
  • Onity will subservice the sold MSRs under a three-year agreement.
  • Finance of America Reverse also bought the reverse mortgage loan pipeline at closing; Onity exited reverse mortgage originations.
  • Net proceeds are expected at $70 million to $80 million, earmarked for growth initiatives and debt reduction.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onity Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-031547), on July 01, 2026, and is solely responsible for the information contained therein.

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