Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 35

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 35
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                                      |     | First Lien Mortgages    |     | $                 |     2,000 |     | $                         |       678 |     | $                 |   2,135 |
| Various(3)                            |     | Bond accrual rate + applicable margin                         |     | Mortgage Related Assets |     |                   |    35,094 |     |                           |    35,094 |     |                   |  36,208 |
| Subtotal mortgage lines of credit     |     |                                                               |     |                         |     | $                 |    37,094 |     | $                         |    35,772 |     | $                 |  38,343 |
| Commercial Lines:                     |     |                                                               |     |                         |     |                   |           |     |                           |           |     |                   |         |
| N/A                                   |     | N/A                                                           |     | Mortgage Related Assets |     | $                 |         — |     | $                         |         — |     | $                 |  20,000 |
| Total other financing lines of credit |     |                                                               |     |                         |     | $                 | 1,557,764 |     | $                         | 1,073,844 |     | $                 | 928,479 |

(1) Capacity is dependent upon maintaining compliance with, or obtaining waivers of, the terms, conditions, and covenants of the respective agreements, including asset-eligibility requirements. Capacity amounts presented are as of June 30, 2024. The lines of credit with no capacity are terminated as of June 30, 2024.

(2) The other financing line of credit with a maturity date in July 2024 has been paid off subsequent to June 30, 2024.

(3) These lines of credit are tied to the maturity date of the underlying mortgage related assets that have been pledged as collateral.

As of June 30, 2024 and December 31, 2023, the weighted average outstanding interest rates on outstanding financing lines of credit of the Company were 6.74% and 6.90%, respectively.

The Company’s financing arrangements and credit facilities contain various financial covenants, which primarily relate to required tangible net worth amounts, liquidity reserves, leverage ratios, and profitability.

As of June 30, 2024, the Company was in compliance with all of its financial covenants related to required liquidity reserves, debt service