Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 18

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7
Chunk 18
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Weighted average coupon7.11 %7.35 %Weighted average age (in months)4540Percentage in foreclosure1.8 %2.0 %

For the year ended December 31, 2024For the year ended December 31, 2023Investment and Capital MarketsNumber of structured deals8 5 Structured deals (size in notes)$3,617,495 $1,925,699 

Revenues

In the table below is a summary of the components of our Portfolio Management segment’s total revenues (in thousands):

76

For the year ended December 31, 2024For the year ended December 31, 2023Portfolio interest income:Interest income$1,905,214 $1,628,877 Interest expense(1,637,286)(1,360,998)Net portfolio interest income267,928 267,879 Other income (expense):Gain on securitization of HECM tails, net45,535 25,583 Fair value changes from model amortization(201,101)(228,391)Fair value changes from market inputs or model assumptions55,924 58,696 Net fair value changes on loans and related obligations(99,642)(144,112)Fee income3,183 10,283 Gain (loss) on sale and other income from loans held for sale, net378 (18,691)Net other income (expense)(96,081)(152,520)Total revenues$171,847 $115,359 

Certain of our financial instruments are valued utilizing a process that combines the use of a discounted cash flow (“DCF”) model and analysis of current market data to arrive at an estimate of fair value. The cash flow assumptions and prepayment and repayment assumptions used in the model are based on various factors, with the key assumptions being prepayment and repayment speeds, credit loss frequencies and severity, and discount rate assumptions. The changes in fair value due to portfolio runoff and realization of modeled income and expenses are recorded in Fair value changes from model amortization in the Consolidated Statements of Operations, and other fair value changes are recorded in Fair value changes from market inputs or model assumptions in the Consolidated Statements 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