Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 124

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 124
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in years)5.0Expected volatility - This measure is based on the historical volatility of the Company’s common stock price.Expected dividend yield - The Company estimates the expected dividend yield to be zero as the Company does not currently expect to pay dividends on its common stock for the foreseeable future.Risk-free interest rate - This rate is based on the U.S. Treasury yield curve in effect at the time of grant commensurate with the expected term assumption. 

Expected term - The period of time over which the awards are expected to remain outstanding. 

155

Finance of America Companies Inc.Notes to Consolidated Financial Statements

21.    Interest Income and Interest ExpenseInterest income and interest expense from continuing operations consisted of the following (in thousands):For the year ended December 31, 2024For the year ended December 31, 2023Interest income:Interest income on mortgage loans(1)$1,890,700 $1,617,954 Other interest income14,514 10,923 Total portfolio interest income1,905,214 1,628,877 Interest expense:Interest expense on HMBS and nonrecourse obligations(1)(1,559,341)(1,273,159)Interest expense on other financing lines of credit(77,945)(87,839)Total portfolio interest expense(1,637,286)(1,360,998)Net portfolio interest income267,928 267,879 Non-portfolio interest income1,913 1,270 Non-funding interest expense (Note 17 - Notes Payable, Net)(41,411)(30,889)Non-funding interest expense, net(39,498)(29,619)Net interest income$228,430 $238,260 (1) Amounts include interest income and expense on all loans held for investment, subject to HMBS related obligations, loans held for investment, subject to nonrecourse debt, other loans held for investment, HMBS related obligations, and nonrecourse debt.

22.    General and Administrative ExpensesGeneral and administrative expenses related to continuing operations consisted of the following (in thousands):For the year ended December 31, 2024For the year ended December 31, 2023Communications and data processing$22,745 $32,947 Professional and consulting fees20,480 24,790 Occupancy, equipment rentals, and other office related expenses4,904 8,743 Other expenses11,333