Finance of America earned $80 million in Q2 2025, flat versus Q1 and reversing a prior-year loss, with originations of $602 million (7% quarter-over-quarter, 35% year-over-year). HomeSafe Second targets rising subordinate-lien demand for seniors amid HMDA data showing $49 billion in 2024, up 20% year-over-year, and plans emphasize digital integration. Longbridge reported a $10.7 million Q2 profit after a prior-quarter loss, originations of $427 million, 72% of production from wholesale/correspondent, and $0.13 per share of ADE supported by a new HELOC For Seniors program. Onity's reverse mortgage unit remained marginally profitable with $166 million in originations, down sequentially and year-over-year, amid higher rates.
FOA reported an $80 million profit in the second quarter flat compared to the first quarter but a sharp turnaround from the $5 million loss in the same period last year. CEO Graham Fleming attributed the performance to consistent execution, rising profitability, and the growing relevance of home equity solutions for retirement. FOA's origination volume topped the high end of its quarterly guidance, reaching $602 million from April through June a 7% increase from the prior quarter and 35% higher year over year.
Longbridge posted a $10.7 million profit in Q2 2025, reversing a $1 million loss in the prior quarter. Its origination volume rose to $427 million, up from $338.4 million, with its wholesale and correspondent channels accounting for 72% of production versus 28% from retail. Longbridge generated a robust $0.13 per share of ADE (adjusted distributable earnings) in the second quarter, and its ADE contributions should be further supported by the recent launch of its HELOC For Seniors program,
FOA President Kristen Sieffert cited Home Mortgage Disclosure Act (HMDA) data showing that the volume of subordinate-lien loans for senior borrowers rose to $49 billion in 2024 up 20% year over year. Finance of America is meeting this demand through our HomeSafe Second product, while a significant opportunity remains ahead as we continue to expand its reach through digital integration, she said.
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