Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 68

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 68
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 reverse mortgages8,937,181 8,567,792 Performing HECM buyouts212,382 210,041 Nonperforming HECM buyouts366,761 408,614 Total reverse mortgage loans held for investment, subject to nonrecourse debt9,516,324 9,186,447 Reverse mortgage loans held for investment:Non-agency reverse mortgages310,528 270,956 HECM loans not securitized(1)101,229 101,100 Unpoolable HECM loans(2)165,360 131,671 Total reverse mortgage loans held for investment(3)577,117 503,727 Other assets:Loans held for sale - reverse mortgage loans(3)(4)162,349 — Total owned reverse mortgage loan portfolio28,073,466 27,342,669 Loans reclassified as government guaranteed receivable48,888 45,773 Loans serviced for others87,104 88,125 Total serviced reverse mortgage loan portfolio$28,209,458 $27,476,567 (1)  Loans not securitized primarily represent newly originated loans and poolable tails.(2) Unpoolable loans primarily represent loans that have reached 98% of their maximum claim amount (“MCA”).(3) As of June 30, 2025 and December 31, 2024, there was $597.6 million and $451.3 million, respectively, in UPB in loans pledged as collateral for financing lines of credit.(4) During the three months ended June 30, 2025, $119.2 million and $43.1 million in UPB of reverse mortgage loans were transferred from Reverse mortgage loans held for investment, subject to nonrecourse debt, and Reverse mortgage loans held for investment, respectively, to Loans held for sale - reverse mortgage loans.

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

The table below summarizes the reverse mortgage loan portfolio owned by the Company by product type (in thousands): June 30, 2025December 31, 2024Adjustable rate loans$20,379,928 $19,966,185 Fixed rate loans7,693,538 7,376,484 Total owned reverse mortgage loan portfolio$28,073,466 $27,342,669