Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 41

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 41
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)(276)Noncontrolling interest148,164 60,365 TOTAL EQUITY473,425 315,664 TOTAL LIABILITIES AND EQUITY$30,147,449 $29,156,490 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

6

Finance of America Companies Inc.Condensed Consolidated Statements of Financial Condition(in thousands)

The following table presents the assets and liabilities of the Company’s consolidated variable interest entities (“VIEs”), which are included in the Condensed Consolidated Statements of Financial Condition above, and excludes retained bonds and beneficial interests that eliminate in consolidation.

June 30, 2025December 31, 2024ASSETS(unaudited)Restricted cash$183,849 $248,905 Loans held for investment, subject to nonrecourse debt, at fair value9,499,796 8,904,303 Loans held for investment, at fair value276,450 168,641 Other assets, net:Loans held for sale - reverse mortgage loans, at fair value133,534 — Other, net50,921 53,400 TOTAL ASSETS$10,144,550 $9,375,249 LIABILITIESNonrecourse debt, at fair value$9,055,755 $8,588,301 Other financing lines of credit211,808 136,157 Payables and other liabilities1,314 1,277 TOTAL LIABILITIES$9,268,877 $8,725,735 NET CARRYING VALUE OF ASSETS IN VIEs$875,673 $649,514 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

7

Finance of America Companies Inc.Condensed Consolidated Statements of Operations (Unaudited)(in thousands, except share data)

For the three months ended June 30, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024PORTFOLIO INTEREST INCOMEInterest income$481,800 $478,091 $962,402 $942,070 Interest expense(422,336)(412,618)(832,503)(806,422)NET PORTFOLIO INTEREST INCOME59,464 65,473 129,899 135