Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 111

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 111
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,956 $49,188 $151,919 $112,005 Retail24,632 21,461 64,847 59,785 Acquisition costs(19,655)(13,433)(54,737)(34,657)Total net origination gains59,933 57,216 162,029 137,133 Fee income8,186 7,247 20,158 20,193 Total revenues$68,119 $64,463 $182,187 $157,326 

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

Total revenues increased $3.7 million or 5.7% as a result of the following:

•Net origination gains increased $2.7 million or 4.7% as a result of higher reverse mortgage loan origination volumes, partially offset by lower margins relative to historically high margins in the comparable 2024 period. We originated $602.9 million of reverse mortgage loans during the three months ended September 30, 2025, an increase of 17.4%, compared to $513.4 million for the comparable 2024 period. During the three months ended September 30, 2025, the weighted average margin on reverse mortgage loan production was 9.94% compared to 11.15% in 2024, a decrease of 1.21%.

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

Total revenues increased $24.9 million or 15.8% as a result of the following:

•Net origination gains increased $24.9 million or 18.2% as a result of higher reverse mortgage loan origination volumes, partially offset by lower margins due to changes in channel mix. We originated $1.8 billion of reverse mortgage loans during the nine months ended September 30, 2025, an increase of 

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27.6%, compared to $1.4 billion for the comparable 2024 period. During the nine months ended September 30, 2025, the weighted average margin on reverse mortgage loan production was 9.18% compared to 9.91% in 2024, a decrease of 0.73%.

Expenses

The following table provides a summary of the components of our Retirement