Filing Analysis
Finance of America Companies Inc. reported the voting results from its Annual Meeting of Stockholders held on May 15, 2026. Stockholders elected six directors, approved executive compensation on an advisory basis, and ratified the appointment of BDO USA, P.C. as the independent auditor for fiscal year 2026.
📋 Key Facts
- The Annual Meeting of Stockholders was held on May 15, 2026, with 80.89% of the total voting power represented.
- Six directors (Brian L. Libman, Norma C. Corio, Andrew Essex, Cory S. Gardner, Tyson A. Pratcher, and Lance N. West) were elected to serve until the 2027 annual meeting.
- Stockholders approved the advisory vote on named executive officer compensation with 10,611,992 votes in favor.
- The appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified with 14,185,272 votes in favor.
Finance of America Companies Inc. announced its financial results for the first quarter ended March 31, 2026. The results were disclosed via a press release furnished as an exhibit to the filing.
📋 Key Facts
- The company reported financial results for the quarter ended March 31, 2026, on May 5, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
- The report was signed by Matthew A. Engel, Chief Financial Officer.
Finance of America Reverse LLC (FAR), a subsidiary of Finance of America Companies Inc., amended agreements with Onity Mortgage Corporation (OMC) to acquire a $5.1 billion reverse mortgage servicing portfolio and related origination assets. The deal includes the acquisition of mortgage servicing rights (MSRs) for approximately 20,000 HECM loans and the assumption of OMC's reverse mortgage employees.
📋 Key Facts
- Acquisition of MSRs for approximately 20,000 HECM loans with an unpaid principal balance (UPB) of $5.1 billion as of March 31, 2026.
- FAR will acquire OMC’s pipeline of reverse mortgage loans and assume US-based reverse originations employees in phases (May and July 2026).
- OMC will serve as the subservicer for the HECM MSRs for a three-year term.
- OMC has agreed to discontinue its reverse originations business upon closing, effectively removing a competitor from the market.
- The purchase price is based on the estimated book value of the assets with customary adjustments and holdbacks.
- The transaction is subject to Ginnie Mae consent and has a termination deadline of August 1, 2026.
Tai A. Thornock, the Chief Accounting Officer of Finance of America Companies Inc., announced his retirement effective May 15, 2026. The company's current Chief Financial Officer, Matthew A. Engel, will assume the additional role of principal accounting officer following the departure.
📋 Key Facts
- Tai A. Thornock notified the company of his retirement on April 2, 2026.
- The retirement is effective as of May 15, 2026.
- Matthew A. Engel (CFO) will serve as both principal financial officer and principal accounting officer.
- The company stated there were no disagreements with management or the Board of Directors.
- Mr. Thornock may remain as a consultant for a transitional period after his retirement.
Finance of America Companies Inc. reported its financial results for the fourth quarter and full fiscal year ended December 31, 2025. The results were disclosed via a press release furnished with the SEC on March 10, 2026.
📋 Key Facts
- The filing reports financial results for the period ended December 31, 2025.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- Matthew A. Engel, Chief Financial Officer, signed the filing.
- The press release is included as Exhibit 99.1.