Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 278

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 278
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837 — 179,837 — — 179,837 Gain on securitization of HECM tails, net— 45,535 45,535 — — 45,535 Fair value changes from model amortization— (201,101)(201,101)— — (201,101)Fair value changes from market inputs or model assumptions— 55,924 55,924 — — 55,924 Net fair value changes on loans and related obligations179,837 (99,642)80,195 — — 80,195 Fee income26,553 3,183 29,736 — (492)29,244 Gain (loss) on sale and other income from loans held for sale, net(76)378 302 — — 302 Non-funding interest expense, net— — — (39,498)— (39,498)Net other income (expense)206,314 (96,081)110,233 (39,498)(492)70,243 Total revenues206,314 171,847 378,161 (39,498)(492)338,171 ExpensesSalaries, benefits, and related expenses83,448 15,513 98,961 39,399 — 138,360 Loan production and portfolio related expenses7,887 28,318 36,205 — — 36,205 Loan servicing expenses— 31,323 31,323 — — 31,323 Marketing and advertising expenses39,337 41 39,378 51 — 39,429 Depreciation and amortization37,751 77 37,828 1,119 — 38,947 General and administrative expenses26,521 12,177 38,698 21,256 (492)59,462 Total expenses194,944 87,449 282,393 61,825 (492)343,726 Impairment of other assets(291)— (291)(600)— (891)Gain on extinguishment of debt— — — 56,193 — 56,193 Other, net(174)— (174)(6,757)— (6,931)Net income (loss) before taxes$10,905