Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 126

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 126
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 on the type of expense allocated. The allocation methodology is reviewed annually. There were no changes to methodology during the years ended December 31, 2024 and 2023. Expenses for enterprise-level general overhead, such as executive administration, are not allocated to the business segments.

#### Retirement Solutions Segment
The following table summarizes our Retirement Solutions segment’s results (in thousands):

|                                                             |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:------------------------------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Net origination gains                                       |     | $ |                              179,837 |     | $ |                              121,646 |
| Fee income                                                  |     |   |                               26,553 |     |   |                               33,167 |
| Loss on sale and other income from loans held for sale, net |     |   |                                  -76 |     |   |                               -6,303 |
| Total revenues                                              |     |   |                              206,314 |     |   |                              148,510 |
| Total expenses                                              |     |   |                              194,944 |     |   |                              208,836 |
| Impairment of other assets                                  |     |   |                                 -291 |     |   |                                    — |
| Other, net                                                  |     |   |                                 -174 |     |   |                                   75 |
| NET INCOME (LOSS) BEFORE INCOME TAXES                       |     | $ |                               10,905 |     | $ |                              -60,251 |

Our Retirement Solutions segment generates its revenues primarily from the origination of reverse mortgage loans, including HECM insured by the FHA and non-agency reverse mortgage loans. Revenues from our Retirement Solutions segment include both our initial estimate of net origination gains from originated loans, which is determined by utilizing quoted prices on similar securities or internally-developed models utilizing observable market inputs, in addition to fees earned at the time of origination of the associated loans. We elect to account for all originated loans at fair value. The loans are immediately transferred to our Portfolio Management segment, and any future fair value adjustments, including interest earned, on these originated loans are reflected in revenues of our Portfolio Management segment until final disposition.

On August 31, 2023, the Company entered into an agreement to sell the operational assets of