What does HMBS related obligations mean?

Reflects obligations specifically related to Home Equity Conversion Mortgage-Backed Securities (HMBS) that have been recognized as liabilities. This metric captures the financial impact of servicing and financing activities unique to the reverse mortgage business. It is critical for assessing the leverage and long-term liability profile associated with specialized retirement mortgage products.

Finance of America Companies FOA HMBS related obligations

HMBS related obligations at other companies

EFC

Ellington Financial Inc.EFC

$10.77B+13.4%

Onity GroupONIT

$271.55M+1.2%

EFC

Ellington Financial Inc.EFC

$234.77M+29.6%

Onity GroupONIT

$9.81B—

EFC

Ellington Financial Inc.EFC

$1.79M+113%

RBK

Rhinebeck Bancorp, Inc.RBKB

$5.15M-90.4%

Other financials

Income statement

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Revenue$120.1M-27.5%

Net income$17.5M-42.0%

EPS (diluted)$0.88-63.8%

Balance sheet

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Cash & equivalents$376.6M+49.5%

Total debt$899.3M-10.9%

Total equity$438.1M+10.9%

Total assets$31.3B+5.5%

Cash flow

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Operating cash flow-$130.9M-42.1%

CapEx$461.0K-76.0%

Free cash flow-$132.7M-160%

Valuation

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Market cap$244.7M-4.9%

Enterprise value$767.43M-30.1%

P/E3.4×—

P/S0.5×—

Profitability

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Operating margin-0.5%—

Net margin-858.3%-1,072pp

FCF margin883.8%+882pp

Returns & leverage

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Return on equity-58.5%+115pp

Debt / equity2.1×-0.5×

Current ratio0.1×—

Where this comes from

Reported directly by Finance of America Companies in its filing.

Tagged under the XBRL concept foa:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedHmbsRelatedObligationsAtFairValue.

The official record: Finance of America Companies’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Finance of America Companies's HMBS related obligations?: Finance of America Companies (FOA) reported HMBS related obligations of $19.09B in Q1 2026.
What does HMBS related obligations mean?: Reflects obligations specifically related to Home Equity Conversion Mortgage-Backed Securities (HMBS) that have been recognized as liabilities. This metric captures the financial impact of servicing and financing activities unique to the reverse mortgage business. It is critical for assessing the leverage and long-term liability profile associated with specialized retirement mortgage products.