05:26 PM EST, 11/18/2025 (MT Newswires) -- Finance of America's ( FOA ) operating subsidiary Finance of America Reverse said late Tuesday it agreed to acquire PHH Mortgage's home equity conversion mortgage servicing portfolio and other reverse mortgage assets in an all-cash deal.

Financial details of the deal weren't provided.

The deal, which also includes PHH's reverse mortgage loan pipeline and a subservicing agreement, is expected to be immediately accretive to earnings, adjusted earnings per share and cash flow, and is targeted to close in Q1 2026, pending regulatory approvals, the company said.

PHH Mortgage is a subsidiary of Onity Group ( ONIT ) .