Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 57

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 57
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923 (87,839)OTHER INCOME (EXPENSE)Net origination gains121,646 121,646 — — — — Gain on securitization of HECM tails, net25,583 25,583 — — — — Fair value changes from model amortization(228,391)(228,391)— — — — Fair value changes from market inputs or model assumptions58,696 58,696 — — — — Net fair value changes on loans and related obligations(22,466)(22,466)— — — — Fee income43,450 — 43,450 — — — Loss on sale and other income from loans held for sale, net(24,994)— — (24,994)— — Non-funding interest expense, net(29,619)— — — 1,270 (30,889)NET OTHER INCOME (EXPENSE)(33,629)(22,466)43,450 (24,994)1,270 (30,889)TOTALS$234,250 $322,329 $43,450 $(24,994)$12,193 $(118,728)Use of EstimatesThe preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates regarding 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 are particularly subject to change. Actual results may differ from those estimates and assumptions due to factors such as changes in the economy, interest rates, secondary market pricing, prepayment assumptions, home prices, or discrete events affecting specific borrowers, and such differences could be material.Principles of ConsolidationThe consolidated financial statements include the accounts of the Company, its controlled subsidiaries, and certain VIEs where the Company is the primary beneficiary. The Company is deemed to be the primary beneficiary of a VIE when it has both (1) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and (2) exposure to benefits and/or losses that could potentially be significant to