Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 132

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 132
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 of Operations. The interest recognized on these financial instruments is recorded in Interest income or Interest expense in the Consolidated Statements of Operations.

The following table provides an analysis of all components of net portfolio interest income (in thousands):

|                                                         |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:--------------------------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Interest income:                                        |     |   |                                      |     |   |                                      |
| Interest income on mortgage loans(1)                    |     | $ |                            1,890,700 |     | $ |                            1,617,954 |
| Other interest income                                   |     |   |                               14,514 |     |   |                               10,923 |
| Total portfolio interest income                         |     |   |                            1,905,214 |     |   |                            1,628,877 |
| Interest expense:                                       |     |   |                                      |     |   |                                      |
| Interest expense on HMBS and nonrecourse obligations(1) |     |   |                           -1,559,341 |     |   |                           -1,273,159 |
| Interest expense on other financing lines of credit     |     |   |                              -77,945 |     |   |                              -87,839 |
| Total portfolio interest expense                        |     |   |                           -1,637,286 |     |   |                           -1,360,998 |
| Net portfolio interest income                           |     | $ |                              267,928 |     | $ |                              267,879 |

(1) Amounts include interest income and expense on all loans held for investment, subject to HMBS related obligations, loans held for investment, subject to nonrecourse debt, other loans held for investment, HMBS related obligations, and nonrecourse debt.

#### 80
For the year ended December 31, 2024 versus the year ended December 31, 2023

Total revenues increased $56.5 million or 49.0% as a result of the following:

• Net fair value changes on loans and related obligations improved $44.5 million or 30.9% primarily as a result of improved fair value changes from model amortization compared to the 2023 period. The improvement in fair value changes from model