Finance of America Companies Inc
NYSE:FOA
Finance of America Companies Inc
Finance of America Cos. Inc. engages in provision of mortgage loans, reverse mortgage loans, and business purpose loans to residential real estate investors. The company is headquartered in Plano, Texas and currently employs 6,632 full-time employees. The company went IPO on 2019-04-18. The firm is focused on residential mortgage loan products throughout the United States. Its offering includes traditional mortgage loans and reverse mortgage loans to consumers, and business purpose loans to residential real estate investors. The firm has built a distribution network that allows customers to interact through their preferred method: in person, through a broker, telephonically or digitally. The firm operates five segments: Portfolio Management, Mortgage Originations, Reverse Originations, Commercial Originations and Lender Services. The Company’s subsidiaries include Finance of America Mortgage LLC (FAM) and Finance of America Reverse LLC (FAR).
Finance of America Cos. Inc. engages in provision of mortgage loans, reverse mortgage loans, and business purpose loans to residential real estate investors. The company is headquartered in Plano, Texas and currently employs 6,632 full-time employees. The company went IPO on 2019-04-18. The firm is focused on residential mortgage loan products throughout the United States. Its offering includes traditional mortgage loans and reverse mortgage loans to consumers, and business purpose loans to residential real estate investors. The firm has built a distribution network that allows customers to interact through their preferred method: in person, through a broker, telephonically or digitally. The firm operates five segments: Portfolio Management, Mortgage Originations, Reverse Originations, Commercial Originations and Lender Services. The Company’s subsidiaries include Finance of America Mortgage LLC (FAM) and Finance of America Reverse LLC (FAR).
Strong Adjusted EPS Guidance: Finance of America reaffirmed its full-year 2025 adjusted EPS target of $2.60 to $3 and guided for 2026 adjusted EPS of $4.25 to $4.75, a projected 60% year-over-year increase.
Volume Growth: The company expects 2026 funded volumes to grow 20% to 25% year-over-year and is tracking toward the low end of its 2025 volume range ($2.4–2.7 billion).
Q3 Financial Highlights: Adjusted net income for Q3 was $33 million ($1.33 per share), up 125% from last quarter and more than double last year; GAAP net loss for the quarter was $29 million due to noncash fair value changes.
Liquidity Improved: Cash and cash equivalents rose to $110 million at quarter-end from $46 million in June, with $60 million in additional capacity available.
Strategic Moves: Completed sizable securitizations ($3 billion in Q3, including a record $2 billion deal) and announced a partnership with Better.com to expand product offerings.
Buyback Update: FOA plans to repurchase Blackstone’s equity stake for about $80 million, with completion expected later this month or in December.
Digital & AI Progress: Investments in AI and digital transformation are driving higher efficiency, with tangible gains in customer engagement and origination volume.
