Business Summary
Finance of America Companies Inc. (FOA) is a specialized financial services company focused on the "modern retirement" market, primarily serving homeowners aged 55+ by converting home equity into retirement liquidity. The company originates, services, and securitizes reverse mortgages (both FHA-insured HECM and proprietary non-agency products) and is expanding into traditional home equity lending. FOA targets the approximately $14.66 trillion in home equity held by U.S. seniors (62+), where reverse mortgage penetration is only ~2%.
Products & Services
- HECM reverse mortgages — FHA-insured Home Equity Conversion Mortgages for borrowers 62+, originated through retail (centralized) and third-party originator (TPO) channels.
- Non-agency/proprietary reverse mortgages — Private reverse mortgage products for higher-value homes or borrowers who don't fit HECM parameters; includes a proprietary second-lien reverse mortgage allowing equity access without disturbing existing low-rate primary mortgages.
- Traditional home equity loans — Newly launched (originations began 2026) to serve...
AI-generated summary of Item 1 (Business) from the 10-K filed Mar 13, 2026 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Institutional holders · 13F
Q2 2026| Largest holders | Reported value |
|---|---|
| COOPERMAN LEON G | $35.4M |
| Beach Point Capital Management LP | $25.5M |
| BlackRock Inc | $8.4M |
| VANGUARD CAPITAL MANAGEMENT LLC | $7.7M |
| BRIGADE CAPITAL MANAGEMENT LP | $7.7M |
Annual results · 10-K
Fiscal 2025- Revenue
- $497.4M
- Net income
- $45.2M
As reported in the fiscal 2025 annual report.
Securities
Insider trades · Form 4
Latest filings
- Jeremy Prahm 2026-11-09 Sell
- Kristen N Sieffert 2026-11-04 Sell
- Jeremy Prahm 2026-10-21 Sell
- Jeremy Prahm 2026-10-07 Sell
- Kristen N Sieffert 2026-10-05 Sell
5%+ holders · 13D/G
5 filers| Filer | % of class | Filed |
|---|---|---|
| Bloom Retirement Holdings Inc 13D FOA | 9.5% | 2026-08-06 |
| COOPERMAN LEON G 13G FOA | 15.0% | 2026-05-13 |
| Beach Point Capital Management LP 13G FOA | 10.8% | 2026-04-07 |
| Libman Family Holdings LLC 13D FOA | 50.8% | 2026-03-03 |
| Blue Owl Capital Holdings LP 13G FOA | 9.5% | 2026-02-12 |
| Bloom Retirement Holdings Inc 13D FOA | 9.5% | 2025-10-15 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.