Onity exits reverse mortgage business, sells $5.2B servicing portfolio for $70-80M

Filed July 1, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Sold entire reverse mortgage servicing portfolio to Finance of America Reverse: ~20,000 Ginnie Mae HECM loans with $5.2B unpaid principal balance as of May 31, 2026, plus existing origination pipeline

  Item 8.01 verify on EDGAR →
• high

  Ceased all reverse mortgage originations, marking complete exit from the product line; will continue securitizations of reverse mortgage buyout loans only

  Exhibit 99.1 view on EDGAR →
• high

  Expected net proceeds of $70-80M to be used for growth initiatives, debt reduction, and general corporate purposes

  Exhibit 99.1 view on EDGAR →