Finance of America grows origination volume but reports $110M loss in Q3

Finance of America (FOA) reported a net loss of $110 million in the third quarter of 2026, as noncash fair value adjustments weighed on results despite growth in the company’s home equity lending business.The Plano, Texas-based company on Tuesday reported $748 million in funded volume for the quarter ending Sept. 30, up 24% from $603 million during the same period last year. Year-to-date funded volume reached $2.07 billion, a 17% increase from the first nine months of 2025.FOA recorded a basic loss of $5.24 per share, compared with a loss of 98 cents per share in the third quarter of 2025. The quarterly net loss was primarily driven by $125 million in noncash fair value adjustments. On an adjusted basis, FOA reported net income of $6 million, or 28 cents per share, compared with $33 million, or $1.33 per share, a year earlier. Adjusted EBITDA totaled $17 million, down from $55 million in the third quarter of 2025. “The third quarter of 2026 demonstrated the continued strength of our platform, with funded origination volume growing 24% year over year. While higher interest rates drove near-term pressure on earnings, we believe this impact is temporary,” CEO Graham Fleming said in a ...