Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 117

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 117
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4 period. Net portfolio interest income increased $9.3 million due to gains on extinguishment of debt related to the purchases of securities that were previously issued by consolidated trusts, which was partially offset by a higher cost of funds within our securitized financing portfolio. 

60

Expenses

The following table provides a summary of the components of our Portfolio Management segment’s total expenses (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Salaries$2,906 $2,697 $8,611 $8,560 Commissions and bonuses495 116 1,406 1,750 Other salary related expenses269 274 1,010 1,770 Total salaries, benefits, and related expenses3,670 3,087 11,027 12,080 Loan portfolio related expenses23,906 4,696 41,921 14,790 Loan servicing expenses8,168 7,772 23,434 23,622 Marketing and advertising expenses— 1 — 40 Depreciation and amortization5 41 39 64 General and administrative expenses2,509 2,791 7,839 10,307 Total expenses$38,258 $18,388 $84,260 $60,903 

For the three months ended September 30, 2025 versus the three months ended September 30, 2024

Total expenses increased $19.9 million as a result of the following:

•Loan portfolio related expenses increased $19.2 million due to increased securitization expenses during the three months ended September 30, 2025 compared to the 2024 period. We issued $3.2 billion of notes during the three months ended September 30, 2025 compared to $0.8 billion for the 2024 period.

For the nine months ended September 30, 2025 versus the nine months ended September 30, 2024

Total expenses increased $23.4 million or 38.4% as a result of the following:

•Loan portfolio related expenses increased $27.1 million due to increased securitization expenses during the nine months ended September 30, 2025 compared to the 2024 period. We issued $4.9 billion of notes during the nine months ended September