Hunton Andrews Kurth LLP represented Finance of America Reverse LLC (FAR), the operating subsidiary of Finance of America Companies Inc. (NYSE: FOA), in its acquisition of the home equity conversion mortgage (HECM) servicing portfolio, and certain other reverse mortgage assets, from PHH Mortgage Corporation, a subsidiary of Onity Group Inc. (NYSE: ONIT).

In connection with the transaction, FAR will also acquire PHH’s pipeline of reverse mortgage loans, bring select members of PHH’s experienced origination team into its platform and enter into a subservicing agreement with PHH. This strategic acquisition is expected to grow FAR’s servicing platform and accelerate its mission to make responsible home equity access available to more homeowners aged 55 and older.

Hunton is proud to be one of the top, fully integrated and multidisciplinary legal platforms in the U.S. for advising companies in the mortgage and financial services industry on transactional matters, having represented financial services clients in M&A and other strategic transactions worth more than $11.5 billion in the past 12 months.

The Hunton team advising on the matter was led by M&A partners Michael Goldman and Austin Maloney and structured finance and securitization partner Janet McCrae. The team also included associates Marissa Rogers and Nate Jones for M&A; associates Matt Galante and Madeline Culbreth for structured finance and securitization; partner Michelle Lewis and associate Tyler Richardson for employee benefits; associate Caitlin Scipioni for tax; and partner Ryan Glasgow for labor and employment.