On an adjusted basis, the company reported $0.84 in earnings per share, or $19 million in adjusted net income, a 53% year-over-year improvement. Performance by segmentFOA’s retirement solutions segment, which originates reverse mortgages and other home equity products, continued to drive growth. Pretax income for the segment was $10 million for the quarter, flat compared to a year earlier, while adjusted net income was $15 million, also in line with Q2 2025. Despite the quarterly loss, year-to-date adjusted net income in portfolio management improved 24% to $46 million, up from $37 million in the first half of 2025. Fleming previously told HousingWire‘s Reverse Mortgage Daily that the transaction included 13 staff members from Onity across originations and operations.