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

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 13
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 $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 Solutions segment’s total expenses (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Salaries$15,274 $13,451 $44,341 $41,054 Commissions and bonuses5,483 4,726 16,603 13,536 Other salary related expenses2,284 2,040 7,302 7,709 Total salaries, benefits, and related expenses23,041 20,217 68,246 62,299 Loan production expenses1,621 2,250 4,398 6,431 Marketing and advertising expenses11,230 10,290 34,217 29,457 Depreciation and amortization9,328 9,424 27,