Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 72

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 72
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8.6 million or 82.1% primarily within our retail loan originations platform acquired from AAG/Bloom.

• General and administrative expenses decreased $0.4 million or 3.1% primarily due to continued cost-cutting measures associated with the restructuring of the business, partially offset by an increase in communications and data processing expenses and other general and administrative expenses from the onboarded infrastructure of our retail loan originations platform acquired from AAG/Bloom for the six months ended June 30, 2024 when compared to the 2023 period.

#### Portfolio Management Segment
The following table summarizes our Portfolio Management segment’s results (in thousands):

|                                                                    |     |   | For the three months ended June 30, 2024 |     |   | For the three months ended June 30, 2023 |     |   | For the six months ended June 30, 2024 |     |   | For the six months ended June 30, 2023 |
|:-------------------------------------------------------------------|:----|:--|-----------------------------------------:|:----|:--|-----------------------------------------:|:----|:--|---------------------------------------:|:----|:--|---------------------------------------:|
| Portfolio interest income:                                         |     |   |                                          |     |   |                                          |     |   |                                        |     |   |                                        |
| Interest income                                                    |     | $ |                                  478,091 |     | $ |                                  414,661 |     | $ |                                942,070 |     | $ |                                725,625 |
| Interest expense                                                   |     |   |                                 -412,618 |     |   |                                 -349,582 |     |   |                               -806,422 |     |   |                               -597,969 |
| Net portfolio interest income                                      |     |   |                                   65,473 |     |   |                                   65,079 |     |   |                                135,648 |     |   |                                127,656 |
| Other income (expense):                                            |     |   |                                          |     |   |                                          |     |   |                                        |     |   |                                        |
| Gain on securitization of HECM tails, net                          |     |   |                                   11,031 |     |   |                                    5,604 |     |   |                                 21,757 |     |   |                                  9,995 |
| Fair value changes from model amort