Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 96

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 96
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 for saleMSRRetained bondsPurchase commitmentsBeginning balance$12,022,098 $7,454,638 $161,861 $95,096 $46,439 $9,356 Total gain (loss) included in earnings1,003,208 506,993 (2,253)(2,582)847 — Purchases, settlements, and transfers:Purchases and additions8,640,881 76,031 40,468 405 — — Sales and settlements(1,927,773)(1,349,682)(218,238)(86,483)(2,989)(9,356)Transfers in (out) between categories(1,614,423)1,584,413 18,162 — — — Ending balance$18,123,991 $8,272,393 $— $6,436 $44,297 $— LiabilitiesYear ended December 31, 2023HMBS related obligationsNonrecourse debt in consolidated VIE trusts and reverse loan financing liability Nonrecourse commercial loan financing liabilityNonrecourse MSR financing liabilityDeferred purchase price liabilitiesTRA obligationBeginning balance$(10,996,755)$(7,175,857)$(106,758)$(60,562)$(137)$(3,781)Total gain (loss) included in earnings(785,928)(431,248)860 748 69 (756)Purchases, settlements, and transfers:Purchases and additions(7,495,167)(1,701,349)(27,565)— (4,385)— Settlements1,924,130 1,431,522 106,195 59,814 135 — Ending balance$(17,353,720)$(7,876,932)$(27,268)$— $(4,318)$(4,537)Fair Value OptionThe Company has elected to measure its loans held for investment, loans held for sale, HMBS related obligations, and nonrecourse debt at fair value under the fair value option. The Company elected to apply the provisions of the fair value option to these assets and liabilities in order to align financial reporting presentation with the Company’s operational and risk management strategies. Presented in the tables below are the fair value and the UPB, at December 31, 2024 and December 31, 2023, of financial assets