Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 103

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 103
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 unit. Amortization expense was $37.2 million for each of the years ended December 31, 2024 and 2023. As of December 31, 2024, the estimated amortization expense for the next five years and thereafter is as follows (in thousands):Year Ending December 31,Amount2025$37,189 202637,189 202737,189 202837,189 202937,189 Thereafter9,297 Total future amortization expense$195,242 

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Finance of America Companies Inc.Notes to Consolidated Financial Statements

11.    Other Assets, NetOther assets, net, related to continuing operations consisted of the following (in thousands):December 31, 2024December 31, 2023Government guaranteed receivables$41,948 $76,646 Retained bonds, at fair value (Note 6 - Fair Value)40,407 44,297 Receivables, net of allowance of $3,135 and $4,615, respectively20,935 27,494 ROU assets (Note 16 - Leases)20,533 23,399 Prepaid expenses11,998 12,245 Fixed assets, net3,824 5,967 Loans held for sale, at fair value (Note 6 - Fair Value)3,454 4,246 MSR, at fair value (Note 9 - Mortgage Servicing Rights, at Fair Value)— 6,436 Other14,162 25,423 Total other assets, net$157,261 $226,153 

12.    HMBS Related Obligations, at Fair ValueHMBS related obligations, at fair value, consisted of the following (in thousands): December 31, 2024December 31, 2023Ginnie Mae loan pools - UPB$17,652,495 $16,875,437 Fair value adjustments791,875 478,283 Total HMBS related obligations, at fair value$18,444,370 $17,353,720 WAL (in years)3.84.1Weighted average interest rate6.2 %6.6 %

The Company was servicing 2,835 and 2,552 Ginnie Mae loan pools at December 31, 2024 and December 31, 2023, respectively. 

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