Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 61

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 61
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 -338,396 |

Net interest income

All of our financial instruments, with the exception of our notes payable, are either recorded at fair value or the carrying value approximated fair value. The interest recognized on these financial instruments are recorded in interest income or interest expense in the Condensed Consolidated Statements of Operations. The interest on our notes payable is recorded in non-funding interest expense, net, in the Condensed Consolidated Statements of Operations. We evaluate net interest income through an evaluation of all components of interest income and interest expense.

#### 67
The following table provides an analysis of all components of net interest income (in thousands):

|                                                         |     |   | For the three months ended September 30, 2024 |     |   | For the three months ended September 30, 2023 |     |   | For the nine months ended September 30, 2024 |     |   | For the nine months ended September 30, 2023 |
|:--------------------------------------------------------|:----|:--|----------------------------------------------:|:----|:--|----------------------------------------------:|:----|:--|---------------------------------------------:|:----|:--|---------------------------------------------:|
| Interest income:                                        |     |   |                                               |     |   |                                               |     |   |                                              |     |   |                                              |
| Interest income on mortgage loans(1)                    |     | $ |                                       486,349 |     | $ |                                       439,881 |     | $ |                                    1,420,634 |     | $ |                                    1,160,836 |
| Other interest income                                   |     |   |                                         3,551 |     |   |                                         4,118 |     |   |                                       11,336 |     |   |                                        8,788 |
| Total portfolio interest income                         |     |   |                                       489,900 |     |   |                                       443,999 |     |   |                                    1,431,970 |     |   |                                    1,169,624 |
| Interest expense:                                       |     |   |                                               |     |   |                                               |     |   |                                              |     |   |                                              |
| Interest expense on HMBS and nonrecourse obligations(1) |     |   |                                      -406,473 |     |   |                                      -352,161 |     |   |                                   -1,173,713 |     |   |                                     -902,