# EDGAR Filing Document

**Accession Number:** 0001828937
**File Stem:** 0001628280-25-052883
**Filing Date:** 2025-11
**Character Count:** 14507
**Document Hash:** 1f405e127795effb600dba0cef475447
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-052883.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001628280-25-052883

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251117

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Finance of America Companies Inc.
- **CENTRAL INDEX KEY:** 0001828937
- **STANDARD INDUSTRIAL CLASSIFICATION:** MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 853474065
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40308
- **FILM NUMBER:** 251494820

**BUSINESS ADDRESS:**
- **STREET 1:** 5830 GRANITE PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 877-202-2666

**MAIL ADDRESS:**
- **STREET 1:** 5830 GRANITE PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

?xml version='1.0' encoding='ASCII'? foa-20251117

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d)**

**of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): November 17, 2025**

**FINANCE OF AMERICA COMPANIES INC.** 

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40308** | **85-3474065** |
| **(State or other jurisdiction of incorporation)** | **(Commission File Number)** | **(IRS Employer Identification No.)** |

---

---

| |
|:---|
| **5830 Granite Parkway, Suite 400** |
| **Plano, Texas 75024** |

---

**(Address of principal executive offices, including Zip Code)**

**(877) 202-2666** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Class A Common Stock, par value $0.0001 per share** | **FOA** | **New York Stock Exchange** |
| **Class A Common Stock, par value $0.0001 per share** | **FOA** | **NYSE Texas, Inc.** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01. Entry Into a Material Definitive Agreement.**

On November 17, 2025, Finance of America Reverse LLC ("FAR"), a Delaware limited liability company and an indirect subsidiary of Finance of America Companies Inc., a Delaware corporation (the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with PHH Mortgage Corporation, a New Jersey corporation ("PHH"). Also on November 17, 2025, concurrently with the execution of the Asset Purchase Agreement, FAR entered into a Reverse Mortgage Servicing Rights Purchase and Sale Agreement (the "MSR Purchase Agreement") and a Mortgage Loan Sale Agreement (the "Mortgage Loan Purchase Agreement" and collectively with the Asset Purchase Agreement and MSR Purchase Agreement, the "PHH Purchase Agreements"), with PHH.

Pursuant to the PHH Purchase Agreements, on the terms and subject to the conditions set forth therein, FAR will purchase from PHH, and PHH will sell to FAR (such transactions contemplated by the PHH Purchase Agreements, the "PHH Transaction"), certain assets and liabilities of PHH, relating to PHH's residential reverse mortgage loan origination and servicing business, including a portfolio of residential reverse mortgage loans and a portfolio of reverse mortgage servicing rights ("Servicing Rights"). In exchange therefor, pursuant to the PHH Purchase Agreements, among other things, FAR will pay to PHH an amount at the closing equal to the estimated book value of the purchased assets (including the Servicing Rights), subject to certain customary holdbacks and post-closing price adjustments, and FAR and PHH will enter into a subservicing agreement under which PHH will act as FAR's subservicer for a period of three (3) years after the consummation of the PHH Transaction, subject to certain rights to extend the subservicing agreement beyond the three (3) year period.

The obligations of the parties to the PHH Purchase Agreements to consummate the PHH Transaction are subject to the satisfaction or waiver by the applicable party of certain conditions, including, among others, the consent of the Government National Mortgage Association to the transfer of the Servicing Rights from PHH to FAR, without adverse modifications to the rights or obligations of the servicer with respect thereto.

The Asset Purchase Agreement contains certain termination rights for FAR and PHH, including the right of either party to terminate the Asset Purchase Agreement if the PHH Transaction is not consummated by May 1, 2026 (which date may be extended by FAR, under certain circumstances as set forth in the Asset Purchase Agreement). The MSR Purchase Agreement and Mortgage Loan Purchase Agreement terminate automatically upon the termination of the Asset Purchase Agreement.

**Item 7.01. Regulation FD Disclosure**

On November 18, 2025, the Company issued a press release announcing the PHH Transaction. A copy of the press release is furnished as <u>[Exhibit 99.1](a991phhpressrelease111825.htm)</u> hereto and is incorporated herein by reference.

The information in this Item 7.01, including <u>[Exhibit 99.1](a991phhpressrelease111825.htm)</u>, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit Number** | **Exhibit Description** |
| 99.1\* | <u>[Press Release, dated as of November 18, 2025](a991phhpressrelease111825.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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\* Furnished Herewith

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | **Finance of America Companies Inc.** | **Finance of America Companies Inc.** |
| Date: | November 18, 2025 | By: | /s/ Matthew A. Engel |
|  |  |  | Name: Matthew A. Engel |
|  |  |  | Title: Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Finance of America to Acquire Reverse Mortgage Assets from Onity Group Subsidiary PHH Mortgage**

**Proposed acquisition expected to bolster Finance of America's market leadership and deepen powerful relationship with PHH** 

**PLANO, Texas – November 18, 2025 –** Finance of America Reverse LLC ("Finance of America"), the operating subsidiary of Finance of America Companies Inc. (NYSE: FOA) ("FOA") and the nation's leading provider of home equity–based retirement solutions, today announced it has entered into an agreement to acquire the home equity conversion mortgage (HECM) servicing portfolio, and certain other reverse mortgage assets, from PHH Mortgage Corporation ("PHH"), a subsidiary of Onity Group Inc. (NYSE: ONIT) ("Onity"), in an all-cash transaction.

In connection with the transaction, Finance of America will also acquire PHH's pipeline of reverse mortgage loans, bring select members of PHH's experienced origination team into its platform and enter into a subservicing agreement with PHH, allowing for operational continuity while also diversifying Finance of America's servicing footprint.

This strategic acquisition is expected to not only grow Finance of America's high-quality servicing platform but, more importantly, pave the way for a long-term relationship with Onity that accelerates Finance of America's mission to make responsible home equity access available to more homeowners age 55 and older.

The acquisition is expected to be immediately accretive to earnings, Adjusted Earnings per Share and cash flow. The purchase price will be funded primarily by warehouse and asset-level financing along with available liquidity at the time of closing.

**A New Distribution Channel to Drive Growth**

Following the transaction, Finance of America and PHH will engage to make Finance of America's industry-leading proprietary second-lien reverse mortgage product — *HomeSafe® Second* — available to PHH's tens of thousands of eligible forward mortgage customers. This expanded relationship is expected to significantly broaden the reach of HomeSafe Second and open a new distribution channel for Finance of America's differentiated product suite.

"Today's announcement represents a major step forward in our growth strategy," said Graham Fleming, Chief Executive Officer of Finance of America. "Beyond the value of acquiring high-quality assets, we anticipate that our expanded relationship with Onity will meaningfully multiply our origination reach. Making our one-of-a-kind HomeSafe Second loan available to eligible borrowers in PHH's forward mortgage servicing portfolio will position us to serve thousands more older homeowners seeking flexible ways to access their home equity. It's a powerful catalyst for long-term, profitable growth."

The transaction, approved by the boards of each of FOA and Onity, is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions. Additional information regarding today's announcement can be found in Finance of America's Current Report on Form 8-K concurrently filed with the Securities and Exchange Commission ("SEC"), which is available free of charge at the SEC's website at www.sec.gov and on Finance of America's website at https://ir.financeofamericacompanies.com.

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**Exhibit 99.1**

**About Finance of America** 

Finance of America Reverse LLC dba Finance of America (NMLS 2285) is a modern retirement solutions platform that provides customers with access to an innovative range of retirement offerings centered on the home and is the consumer brand and reverse mortgage operating subsidiary of its parent company, Finance of America Companies Inc. (NYSE: FOA). In addition to the reverse mortgage business, Finance of America Companies offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors. Finance of America is headquartered in Plano, Texas. For more information, please visit www.financeofamericacompanies.com.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the Company's expectations regarding the PHH Transaction. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only management's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. These statements are subject to risks, uncertainties, assumptions and other important factors. Factors that could cause the Company's actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the PHH Purchase Agreements; the inability to complete the proposed PHH Transaction due to the failure to satisfy other conditions to completion of such transactions; the risk that the proposed PHH Transaction will not be consummated in a timely manner; and the risk that the proposed PHH Transaction will exceed our expected costs.

Additional factors that could cause the Company's actual outcomes or results to differ materially from those described in the forward-looking statements can be found in the section entitled "Risk Factors" included in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, originally filed with the SEC on March 14, 2025, as amended by Amendment No. 1 to FOA's Annual Report on Form 10-K/A, filed with the SEC on May 20, 2025, as such factors may be amended and updated from time to time in the Company's subsequent periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The Company assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Finance of America Media Relations: pr@financeofamerica.com<br>For Finance of America Investor Relations: ir@financeofamerica.com

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