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Finance of America posts $35.2M Q1 profit as originations rise
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Finance of America posts $35.2M Q1 profit as originations rise
Finance of America on Monday reported first-quarter net income of $35.2 million, swinging from a loss in the prior quarter as the reverse mortgage lender benefited from higher origination activity, improved operating leverage and gains tied to portfolio valuations. The Plano, Texas-based company said it earned $1.93 per basic share for the quarter ended March 31, compared with a loss of $1.30 per share in the fourth quarter of 2025. A year earli…
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