Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 71

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 71
---
 due to a decrease in average headcount for the nine months ended September 30, 2024 at 492 compared to 573 for the 2023 period related to continued cost-cutting measures associated with the restructuring of the business, as well as lower compensation cost associated with the Replacement RSUs and Earnout Right RSUs, partially offset by increased expenses associated with the onboarding of our retail loan originations platform acquired from AAG/Bloom in the 2023 period.

• Marketing and advertising expenses increased $7.5 million or 34.1% primarily within our retail loan originations platform acquired from AAG/Bloom.

• General and administrative expenses decreased $2.6 million or 11.3% primarily due to continued cost-cutting measures associated with the restructuring of the business, partially offset by increases in various expenses from the onboarded infrastructure of our retail loan originations platform acquired from AAG/Bloom for the nine months ended September 30, 2024 when compared to the 2023 period.

#### Portfolio Management Segment
The following table summarizes our Portfolio Management segment’s results (in thousands):

|                                                                    |     |   | For the three months ended September 30, 2024 |     |   | For the three months ended September 30, 2023 |     |   | For the nine months ended September 30, 2024 |     |   | For the nine months ended September 30, 2023 |
|:-------------------------------------------------------------------|:----|:--|----------------------------------------------:|:----|:--|----------------------------------------------:|:----|:--|---------------------------------------------:|:----|:--|---------------------------------------------:|
| Portfolio interest income:                                         |     |   |                                               |     |   |                                               |     |   |                                              |     |   |                                              |
| Interest income                                                    |     | $ |                                       489,900 |     | $ |                                       443,999 |     | $ |                                    1,431,970 |     | $ |                                    1,169,624 |
| Interest expense                                                   |     |   |                                      -426,839 |     |   |                                      -372,459 |     |   |                                   -1,233,261 |     |   |                                     -970,428 |
| Net portfolio interest income                                      |     |   |                                        63,061 |     |   |                                        71,540 |     |   |                                      198,709 |     |   |