Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 69

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 69
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 |                                   -2,265 |     |   |                                    -76 |     |   |                                 -3,577 |
| Total revenues                                              |     | $ |                                   47,154 |     | $ |                                   40,734 |     | $ |                                 92,863 |     | $ |                                 67,077 |

For the three months ended June 30, 2024 versus the three months ended June 30, 2023

Total revenues increased $6.4 million or 15.8% as a result of the following:

• Net origination gains increased $7.3 million or 22.3% as a result of higher reverse mortgage loan origination volumes, as well as higher margins. We originated $446.6 million of reverse mortgage loans for the three months ended June 30, 2024, an increase of 12.3%, compared to $397.6 million for the comparable 2023 period. During the three months ended June 30, 2024, the weighted average margin on reverse mortgage loan production was 9.02% compared to 8.28% in 2023, an increase of 0.74%.

• Fee income decreased $3.2 million primarily due to fees associated with the previous operations of the home improvement lending business.

#### 72
• Loss on sale and other income from loans held for sale, net, improved $2.3 million due to the absence of losses related to the previous operations of the home improvement lending business.

For the six months ended June 30, 2024 versus the six months ended June 30, 2023

Total revenues increased $25.8 million or 38.4% as a result of the following:

• Net origination gains increased $22.5 million or 39.2% as a result of higher reverse mortgage loan origination volumes, as well as higher margins associated with the increase in volumes from our retail platform acquired from AAG/Bloom. We originated $870.0 million of reverse mortgage loans for the six months ended June 30, 2024, an increase of 22.7%, compared to $709.1 million for the comparable 2023 period. During the six months ended June 30, 2024, the weighted average margin on reverse mortgage loan production was 9.19% compared to 8.10% in 2023, an increase of 1.09% due primarily to the increase in