Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 45

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 45
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 94,291 |     |                      |     46,917 |     |                           |    141,208 |     |                     |    59,090 |     |              |     -6,516 |     |       |    193,782 |
| Other, net                                                  |     |                                        |     |                      |      59 |     |                      |          — |     |                           |         59 |     |                     |    -1,060 |     |              |          — |     |       |     -1,001 |
| Net loss before taxes                                       |     |                                        |     | $                    | -27,155 |     | $                    |    -68,951 |     | $                         |    -96,106 |     | $                   |   -69,719 |     | $            |          — |     | $     |   -165,825 |
| Depreciation and amortization                               |     |                                        |     | $                    |  21,554 |     | $                    |         48 |     | $                         |     21,602 |     | $                   |       875 |     | $            |          — |     | $     |     22,477 |
| Total assets                                                |     |                                        |     | $                    | 332,516 |     | $                    | 26,063,685 |     | $                         | 26,396,201 |     | $                   | 1,250,637 |     | $            | -1,222,574 |     | $     | 26,424,264 |

18. Liquidity and Capital Requirements

Compliance Requirements

FAR

As an issuer of HMBS, FAR is subject to minimum net worth, liquidity, and leverage requirements as well as minimum insurance coverage established by Ginnie Mae.

The net worth required is $ 5.0million plus 1% of FAR’s outstanding HMBS and unused commitment authority from Ginnie Mae. The liquidity requirement is for 20% of FAR’s required net worth to be in the form of cash or cash equivalent assets. The leverage requirement is to maintain a ratio of net worth to total assets of not less than 6%.

As of June 30, 2024, FAR was in compliance with the minimum net worth, liquidity, capitalization levels, and insurance requirements of Ginnie Mae. The minimum net worth required of FAR by Ginnie Mae was $ 178