Finance of America (FOA)
Originates reverse mortgages for retirement and distributes the loans to investors.
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The platform originates and acquires HECM and non-agency reverse mortgages, earning fees and initial gains. Portfolio Management holds and distributes those loans to investors, linking results to origination channels, loan valuations, and capital-markets distribution.
Retirement Solutions originates and acquires HECM and non-agency reverse mortgages through retail and third-party-originator channels. The business earns fees and initial gains on originations. The platform focuses on using home equity to support retirement financing. The unified Finance of America brand reflects the completed AAG operating-assets integration.
Portfolio Management holds the originated loans, records later fair-value adjustments and interest, and manages their disposition. Retail and third-party-originator channels supply the loans entering the portfolio. Its capital-markets and portfolio-management capabilities distribute loans to investors, making loan-originator channels, portfolio valuation, and investor distribution central operating dependencies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 22, 2026 | Alliance Global Partners | Initiate | Rating: — | |
| Jul 22, 2026 | Industrial Alliance Securities | Target | Target: — | Target: $30 |
| Nov 26, 2025 | UBS | Reiterate | Rating: —Target: — | Target: $29.50 |
| Nov 20, 2024 | UBS | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $85.28B · Total debt $36.76B · Total assets $37.32B · Shareholders' equity $346.7M
- Revenue
- $62.4M
- Operating income
- −$29.9M
- Net income
- $2.1M
No dividends on record.
| Institutions | 54.18% | 4.82M shares | |
|---|---|---|---|
| 84 holders · as of Jun 30, 2026 | |||
| Insiders | 15.41% | 1.37M shares | |
| 14 holders · as of Sep 10, 2026 | |||
| Other | 30.41% | 2.70M shares | |
| remainder | |||
8.89M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cooperman Leon GInstitution | 14.46% | 1.29M A | as of Jun 30, 2026 |
Beach Point Capital Management LPInstitution | 10.43% | 927,837 A | as of Jun 30, 2026 |
Blue Owl Capital Holdings LPInstitution | 9.31% | 827,409 | filed Feb 12, 2026 |
Edmond SafraInsider10 percent owner | 5.85% | 520,188 A | filed Jun 26, 2026 |
BlackRock, Inc.Institution | 3.42% | 304,153 A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Jeremy Prahm | officer: Chief Investment Officer | −6,000 | $16.82 |
| Sep 1, 2026 | Kristen N. Sieffert | officer: President | −750 | $17.55 |
| Aug 24, 2026 | Jeremy Prahm | officer: Chief Investment Officer | −6,000 | $19.87 |
| Aug 10, 2026 | Jeremy Prahm | officer: Chief Investment Officer | −6,000 | $21.73 |
| Aug 6, 2026 | Jeremy Prahm | officer: Chief Investment Officer | −6,000 | $22.26 |
- Ellington Financial
Reverse-mortgage lender through Longbridge Financial
- Onity Group
Reverse-mortgage lender through Liberty Reverse Mortgage
- Rocket Companies
National digital lender offering home-equity loans
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Finance of America | $15.22 | +4.25% | $130.5M | — | 3.0 | 0.1 | −64.8% |
| Ellington Financial | $12.75 | +1.11% | $1.58B | 7.7 | 6.6 | 2.3 | +184.1% |
| Onity Group | $32.54 | +2.62% | $267.4M | 2.0 | 6.8 | 0.2 | +14.7% |
| Rocket Companies | $12.77 | +3.33% | $34.90B | 84.7 | 17.9 | 3.6 | +113.7% |
| Median | 7.7 | 6.8 | 2.3 | +113.7% |