Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 110

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 110
---
 the business segments.

Retirement Solutions Segment

The following table summarizes our Retirement Solutions segment’s results (in thousands):  

Three months endedNine months endedSeptember 30,September 30,2025202420252024Net origination gains$59,933 $57,216 $162,029 $137,133 Fee income8,186 7,247 20,158 20,193 Total revenues68,119 64,463 182,187 157,326 Total expenses50,783 48,529 151,219 146,774 Other, net— — — (174)NET INCOME BEFORE INCOME TAXES$17,336 $15,934 $30,968 $10,378 

55

Key Metrics

The following table provides a summary of our Retirement Solutions segment’s key metrics (in thousands, except units):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Reverse mortgage loan origination volumeLoan origination volume(1)$602,888 $513,355 $1,765,845 $1,383,369 Loan origination volume - tails(2)237,902 251,690 703,682 760,786 Total loan origination volume$840,790 $765,045 $2,469,527 $2,144,155 Total reverse mortgage loan origination volume - units(1)2,441 2,390 7,213 6,595 Reverse mortgage loan origination volume - by channel(1)TPO$406,133 $321,044 $1,189,178 $835,818 Retail196,755 192,311 576,667 547,551 Total reverse mortgage loan origination volume$602,888 $513,355 $1,765,845 $1,383,369 

(1) Loan origination volumes consist of initial reverse mortgage loan borrowing amounts.

(2) Tails consist of subsequent borrower draws, mortgage insurance premiums, service fees, and other advances, which we are able to subsequently securitize.

Revenues

The following table provides a summary of the components of our Retirement Solutions segment’s total revenues (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Net origination gains:TPO$54