Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 8

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 8
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50,116)18,777 Cash and cash equivalents and restricted cash, beginning of period301,968 224,801 Cash and cash equivalents and restricted cash, end of period$251,852 $243,578 Cash and cash equivalents$52,016 $48,229 Restricted cash199,836 195,349 Total cash and cash equivalents and restricted cash, end of period$251,852 $243,578 Supplementary Cash Flows InformationCash paid for interest$146,739 $100,346  Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value — 3,787 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

12

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

1.    Organization and Description of BusinessFinance of America Companies Inc. (“we,” “us,” “our,” “FOA,” or the “Company”) is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the NYSE in April 2021, with trading beginning on April 5, 2021 under the ticker symbol “FOA.” FOA has a controlling financial interest in Finance of America Equity Capital LLC (“FOA Equity”). FOA Equity owns all of the outstanding equity interests in Finance of America Funding LLC (“FOAF”). FOAF wholly owns Finance of America Holdings LLC (“FAH”) and Incenter LLC (“Incenter” and collectively, with FOA Equity, FOAF, and FAH, known as “holding company subsidiaries”).

The Company, through its FAH holding company subsidiary, operates a lending company, Finance of America Reverse LLC (“FAR”). Through FAR, the Company originates, purchases, sells, securitizes, and services HECM, which are originated pursuant to the Federal Housing Administration (the “FHA”) HECM program and are insured by the FHA, and non-agency reverse mortgage loans, which are not insured by the FHA. The Company, through its Incenter holding company subsidiary, has operating service companies (the “operating service subsidiaries” and together with FAR