Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 15

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 15
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,236,534)(1,233,261)Net portfolio interest income78,101 63,061 208,000 198,709 Other income (expense):Gain on securitization of HECM tails, net11,654 10,560 32,990 32,317 Fair value changes from model amortization(41,293)(43,753)(117,705)(149,174)Fair value changes from market inputs or model assumptions(21,872)204,154 161,330 228,976 Net fair value changes on loans and related obligations(51,511)170,961 76,615 112,119 Fee income750 930 2,109 2,648 Net other income (expense)(50,761)171,891 78,724 114,767 Total revenues27,340 234,952 286,724 313,476 Total expenses38,258 18,388 84,260 60,903 NET INCOME (LOSS) BEFORE INCOME TAXES$(10,918)$216,564 $202,464 $252,573 

The following table provides a summary of the assets and liabilities in our Portfolio Management segment (in thousands):

September 30, 2025December 31, 2024Cash and cash equivalents$30,950 $29,355 Restricted cash292,343 254,335 Loans held for investment, subject to HMBS related obligations, at fair value18,973,939 18,669,962 Loans held for investment, subject to nonrecourse debt, at fair value10,476,941 9,288,403 Loans held for investment, at fair value407,964 520,103 Other assets, net179,392 115,120 Total earning assets30,361,529 28,877,278 HMBS related obligations, at fair value18,758,558 18,444,370 Nonrecourse debt, at fair value10,155,869 8,954,068 Other financing lines of credit809,363 918,247 Payables and other liabilities42,163 55,746 Total financing of portfolio29,765,953 28,372,431 Net carrying value of earning assets$595,576 $504,847 

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Key Metrics

The following tables provide a summary