Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 30

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 30
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 below summarizes the reverse mortgage portfolio owned by the Company by product type (in thousands): March 31, 2025December 31, 2024Adjustable rate loans$20,218,368 $19,966,185 Fixed rate loans7,544,409 7,376,484 Total owned reverse mortgage portfolio$27,762,777 $27,342,669 As of March 31, 2025 and December 31, 2024, there were $473.8 million and $497.6 million, respectively, of foreclosure proceedings in process, which are included in Loans held for investment, subject to HMBS related obligations, at fair value, Loans held for investment, subject to nonrecourse debt, at fair value, or Loans held for investment, at fair value, in the Condensed Consolidated Statements of Financial Condition, and $4.1 million and $7.1 million, respectively, of foreclosure proceedings in process, which are included in loans serviced for others in the table above.

29

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

7.    Loans, at Fair ValueLoans held for investment and held for sale consisted of the following (in thousands):March 31, 2025Unpaid Principal BalanceFair Value AdjustmentsEstimated Fair ValueLoans held for investment, subject to HMBS related obligations$17,757,747 $1,051,276 $18,809,023 Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans9,412,305 202,934 9,615,239 Commercial mortgage loans26,973 (12,062)14,911 Total loans held for investment, subject to nonrecourse debt9,439,278 190,872 9,630,150 Loans held for investment(1)592,948 41,156 634,104 Other assets:Loans held for sale - residential mortgage loans4,316 (870)3,446 Total loan portfolio$27,794,289 $1,282,434 $29,076,723 (1) As of March 31, 2025, there was $531.8 million in UPB in loans held for investment pledged as collateral for financing lines of credit. December 31, 2024Unpaid Principal BalanceFair Value AdjustmentsEstimated