Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 2

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 2
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ited condensed consolidated financial statements and related disclosures for the quarter ended March 31, 2025, errors were identified in the classification and presentation of amounts associated with certain nonrecourse securitization transactions in the Company’s Condensed Consolidated Statements of Cash Flows and the related disclosures within the Notes to Condensed Consolidated Financial Statements included in the Original 10-Q.

As part of the Company’s normal course of business, the Company securitizes its non-agency mortgage loans into nonrecourse debt obligations. As such, the Company records nonrecourse debt on the Condensed Consolidated Statements of Financial Condition, which represents the outstanding bonds from the Company’s securitizations.

The Company’s securitizations are generally callable at or following the optional redemption date defined in each related indenture agreement. As part of the Company’s normal course of business, the Company has historically exercised its optional redemption rights with respect to certain securitization transactions in conjunction with a new securitization (the transactions, collectively, the “Call and Reissue Transactions”). For each quarterly period during 2024, the Company incorrectly reported the cash flows related to these Call and Reissue Transactions on a net basis within the Condensed Consolidated Statements of Cash Flows rather than on a gross basis.

Additionally, the Company identified certain cash activity associated with the Company’s nonrecourse securitization transactions that was incorrectly classified between Net cash provided by investing activities and Net cash provided by financing activities on the Condensed Consolidated Statements of Cash Flows.

Refer to Note 1 - Organization and Description of Business in the Notes to Condensed Consolidated Financial Statements in this Form 10-Q/A for additional information.

#### Items Amended in this Filing
This Amended 10-Q presents the Original 10-Q, amended and restated in its entirety, for the convenience of the reader, with modifications to the following items to reflect the foregoing restatement:

• Cover Page

• Forward-Looking Statements

• Part I, Item 1. Financial Statements (Unaudited)

• Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

• Part I, Item 4. Controls and Procedures

• Part II, Item 1A. Risk Factors

• Part II, Item 6. Exhibits

The exhibit list included in Part II, Item 6. Exhibits herein has been amended to contain currently dated certifications from the Company’s Chief Executive Officer and Chief Financial