Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 99

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 99
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27,342,669 25,691,764 Loans reclassified as government guaranteed receivable45,773 94,636 Loans serviced for others88,125 164,742 Total serviced reverse mortgage loan portfolio$27,476,567 $25,951,142 (1)  Loans not securitized primarily represent newly originated loans and poolable tails.(2)  Unpoolable loans primarily represent loans that have reached 98% of their MCA.The table below summarizes the reverse mortgage portfolio owned by the Company by product type (in thousands): December 31, 2024December 31, 2023Adjustable rate loans$19,966,185 $18,874,588 Fixed rate loans7,376,484 6,817,176 Total owned reverse mortgage portfolio$27,342,669 $25,691,764 As of December 31, 2024 and December 31, 2023, there were $497.6 million and $478.8 million, respectively, of foreclosure proceedings in process, which are included in Loans held for investment, subject to HMBS related obligations, at fair value, Loans held for investment, subject to nonrecourse debt, at fair value, or Loans held for investment, at fair value, in the Consolidated Statements of Financial Condition, and $7.1 million and $46.2 million, respectively, of foreclosure proceedings in process, which are included in loans serviced for others in the table above.

8.    Loans, at Fair ValueLoans held for investment and held for sale consisted of the following (in thousands):

137

Finance of America Companies Inc.Notes to Consolidated Financial Statements

December 31, 2024Unpaid Principal BalanceFair Value AdjustmentsEstimated Fair ValueLoans held for investment, subject to HMBS related obligations$17,652,495 $1,017,467 $18,669,962 Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans9,186,447 82,419 9,268,866 Commercial mortgage loans32,250 (12,713)19,537 Total loans held for investment, subject to nonrecourse debt9,218,697 69,706 9,288,403 Loans held for investment(1):Reverse mortgage loans503,727 16,221 519,948 Commercial mortgage loans