Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 69

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 69
---
As of June 30, 2025 and December 31, 2024, there were $482.4 million and $497.6 million, respectively, of foreclosure proceedings in process, which are included in Loans held for investment, subject to HMBS related obligations, at fair value, Loans held for investment, subject to nonrecourse debt, at fair value, or Loans held for investment, at fair value, in the Condensed Consolidated Statements of Financial Condition, and $3.7 million and $7.1 million, respectively, of foreclosure proceedings in process, which are included in loans serviced for others in the table above.

7.    Other Assets, NetOther assets, net, related to continuing operations consisted of the following (in thousands):June 30, 2025December 31, 2024Loans held for sale, at fair value (Note 5 - Fair Value)$181,422 $3,454 Government guaranteed receivables45,104 41,948 Retained bonds, at fair value (Note 5 - Fair Value)39,720 40,407 Right-of-use assets19,074 20,533 Receivables, net of allowance of $8,264 and $3,135, respectively13,166 20,935 Prepaid expenses11,375 11,998 Fixed assets, net3,326 3,824 Other16,490 14,162 Total other assets, net$329,677 $157,261 

8.    Nonrecourse Debt, at Fair Value Nonrecourse debt, at fair value, consisted of the following (in thousands):Issue DateFinal Maturity DateInterest RateOriginal Issue AmountJune 30, 2025December 31, 2024Securitization of non-agency reverse mortgage loansMay 2018 - May 2025April 2051 - May 20751.25% - 7.00%$10,340,442 $8,736,119 $8,304,568 Securitization of performing/nonperforming HECM loansOctober 2024October 20344.00% - 6.00%705,400 620,991 677,035 Securitization of commercial loans(1)N/AN/AN/AN/A—8,245Total consolidated VIE nonrecourse debt UPB9,357