Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 101

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 101
---
 loans 90 days or more past due and on non-accrual status$33,894 $20,801 $(13,093)December 31, 2023Unpaid Principal BalanceEstimated Fair ValueDifferenceLoans held for investment, subject to nonrecourse debt:Commercial mortgage loans$34,115 $31,244 $(2,871)Other assets:Loans held for sale - residential mortgage loans4,324 428 (3,896)Total loans 90 days or more past due and on non-accrual status$38,439 $31,672 $(6,767)The table below shows a reconciliation of the changes in loans held for sale (in thousands):For the year ended December 31, 2024For the year ended December 31, 2023Beginning balance$4,246 $173,984 Originations/purchases/repurchases9,877 192,789 Proceeds from sales(10,971)(376,056)Net transfers related to loans held for sale— 15,580 Net transfers related to discontinued operations— 12,525 Gain (loss) on loans held for sale, net302 (24,542)Net fair value changes on loans held for sale— 9,966 Ending balance$3,454 $4,246 

139

Finance of America Companies Inc.Notes to Consolidated Financial Statements

9.    Mortgage Servicing Rights, at Fair ValueThe servicing portfolio associated with capitalized servicing rights consists of the following (in thousands):December 31, 2024December 31, 2023Fannie Mae/Freddie Mac$— $124,435 Ginnie Mae— 285 Private investors— 931,940 Total UPB$— $1,056,660 Weighted average interest rateN/A3.71 %The activity in the loan servicing portfolio associated with capitalized servicing rights consisted of the following (in thousands): For the year ended December 31, 2024For the year ended December 31, 2023Beginning UPB$1,056,660 $8,602,338 Originated MSR— 42,011 Sales MSR(1,044,708)(7,416,568)Payoffs MSR(4,925)(75,527)Other(7,027)(95,594)Ending UPB$— $1,056,660