Calling this a pivotal moment for the senior financial market, FoA CEO Graham Fleming said the partnership with Blue Owl aims to “build a platform of scale and innovation to better serve one of the fastest growing demographics in the United States.” FoA estimates that more than 10,000 Americans reach retirement age every day.
Blue Owl is providing $2.5 billion in liquidity to support FoA’s product innovation across multiple asset classes. FoA, which focuses on retirement-oriented financial solutions, plans to expand beyond reverse mortgages into a full spectrum of home equity lending. The $50 million equity investment is intended to align the companies’ long-term strategies.
“This partnership provides the capital, strategic alignment and innovation engine to build category-defining products at scale,” said Ray Chan, senior managing director and co-head of asset-based finance at Blue Owl.
Like its peers, FoA has focused on proprietary reverse mortgage products, which accounted for more than 35% of industry volume in the first three quarters of the year.
The company reported a loss of $29 million in the third quarter of 2025, although revenue rose sharply due to the growth of its home equity lending models and expanded partnerships. FoA funded $1.97 billion in reverse mortgages in the first 10 months of the year, surpassing a total of $1.92 billion in 2024, President Kristen Sieffert told investors during the Q3 earnings call.
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