Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 42

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 42
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 changes from model amortization— (57,608)(57,608)— — (57,608)Fair value changes from market inputs or model assumptions— 13,562 13,562 — — 13,562 Net fair value changes on loans and related obligations39,657 (33,320)6,337 — — 6,337 Fee income6,051 394 6,445 — (123)6,322 Non-funding interest expense, net— — — (8,152)— (8,152)Net other income (expense)45,708 (32,926)12,782 (8,152)(123)4,507 Total revenues45,708 37,249 82,957 (8,152)(123)74,682 ExpensesSalaries, benefits, and related expenses21,133 5,064 26,197 12,826 — 39,023 Loan production and portfolio related expenses3,081 5,532 8,613 — — 8,613 Loan servicing expenses— 8,218 8,218 — — 8,218 Marketing and advertising expenses8,491 15 8,506 6 — 8,512 Depreciation and amortization9,488 8 9,496 182 — 9,678 General and administrative expenses7,217 3,916 11,133 6,261 (123)17,271 Total expenses49,410 22,753 72,163 19,275 (123)91,315 Impairment of other assets— — — (600)— (600)Other, net(174)— (174)1,627 — 1,453 Net income (loss) before taxes$(3,876)$14,496 $10,620 $(26,400)$— $(15,780)Total assets$268,786 $27,357,160 $27,625,946 $1,455,417 $(1,405,085)$27,676,278 

15.    Liquidity and Capital RequirementsCompliance RequirementsFARAs an issuer of HMBS, FAR is subject to minimum net worth, liquidity, and leverage requirements as well as minimum insurance coverage established