Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 63

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 63
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 |                                942,070 |     |   |                                725,625 |
| Interest expense:                                       |     |   |                                          |     |   |                                          |     |   |                                        |     |   |                                        |
| Interest expense on HMBS and nonrecourse obligations(1) |     |   |                                 -393,504 |     |   |                                 -325,476 |     |   |                               -767,240 |     |   |                               -549,867 |
| Interest expense on other financing lines of credit     |     |   |                                  -19,114 |     |   |                                  -24,106 |     |   |                                -39,182 |     |   |                                -48,102 |
| Total portfolio interest expense                        |     |   |                                 -412,618 |     |   |                                 -349,582 |     |   |                               -806,422 |     |   |                               -597,969 |
| Net portfolio interest income                           |     |   |                                   65,473 |     |   |                                   65,079 |     |   |                                135,648 |     |   |                                127,656 |
| Non-funding interest expense, net                       |     |   |                                   -9,268 |     |   |                                   -7,628 |     |   |                                -17,420 |     |   |                                -14,567 |
| Net interest income                                     |     | $ |                                   56,205 |     | $ |                                   57,451 |     | $ |                                118,228 |     | $ |                                113,089 |

(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, loans held for investment, HMBS related obligations, and nonrecourse debt.

For the three months ended June 30, 2024 versus the three months ended June 30, 2023

Net loss from continuing operations before income taxes decreased $220.1 million or 98.3% primarily as a result of the following:

• Net fair value changes on loans and related obligations improved $193.9 million primarily as a result of improved fair value changes from market inputs or model assumptions compared to the 2023 period. The improvement in fair value changes from market inputs or model assumptions was primarily related to market interest rate and yield volatility, which generated