Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 105

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 105
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2420252024Portfolio interest income:Interest income$482,132 $489,900 $1,444,534 $1,431,970 Interest expense(404,031)(426,839)(1,236,534)(1,233,261)Net portfolio interest income78,101 63,061 208,000 198,709 Other income (expense):Net origination gains59,933 57,216 162,029 137,133 Gain on securitization of HECM tails, net11,654 10,560 32,990 32,317 Fair value changes from model amortization(41,293)(43,753)(117,705)(149,174)Fair value changes from market inputs or model assumptions(21,872)204,154 161,330 228,976 Net fair value changes on loans and related obligations8,422 228,177 238,644 249,252 Fee income8,813 8,054 21,898 22,472 Non-funding interest expense, net(14,488)(9,219)(44,623)(26,639)Net other income (expense)2,747 227,012 215,919 245,085 Total revenues80,848 290,073 423,919 443,794 ExpensesSalaries, benefits, and related expenses37,245 31,083 108,149 105,159 Loan production and portfolio related expenses25,527 6,946 46,319 21,221 Loan servicing expenses8,168 7,772 23,434 23,622 Marketing and advertising expenses11,231 10,325 34,227 29,543 Depreciation and amortization9,643 9,777 28,955 29,208 General and administrative expenses12,780 14,405 38,939 47,917 Total expenses104,594 80,308 280,023 256,670 Impairment of other assets— — — (600)Other, net(4,809)(1,592)(8,803)2,101 NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES$(28,555)$208,173 $135,093 $188,625 

Net interest income

All