Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 170

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 170
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                                      |    114,802 |     |             |    226,110 |     |             |    340,912 |
| Financing Activities                                                        |     |                                      |            |     |             |            |     |             |            |
| Proceeds from issuance of nonrecourse debt                                  |     |                                      |  1,462,646 |     |             |  1,714,379 |     |             |  3,177,025 |
| Payments on nonrecourse debt                                                |     |                                      |   -831,373 |     |             | -1,940,489 |     |             | -2,771,862 |
| Net cash provided by financing activities                                   |     |                                      |    386,207 |     |             |   -226,110 |     |             |    160,097 |

Variable Interest Entities and Securitizations

The following table presents the effect of the restatement on the Company’s previously reported amount of outstanding principal balances paid off as part of our redemptions of securitized notes within Note 5 - Variable Interest Entities and Securitizations for the year ended December 31, 2024 (in billions):

| Year ended December 31, 2024  |     | As Previously Reported |     |     | Adjustments |      |     | As Restated |     |
|:------------------------------|:----|:-----------------------|----:|:----|:------------|-----:|:----|:------------|----:|
| Outstanding principal balance |     | $                      | 1.9 |     | $           | -0.1 |     | $           | 1.8 |

Fair Value

The following tables present the effect of the restatement on the Company’s previously reported Level 3 assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs within Note 6 - Fair Value for the year ended December 31, 2024 (in thousands):

| Year ended December 31, 2024    |     | Loans held for investment 
 As Previously Reported    |            |     | Adjustments |          |     | As Restated |            |     | Loans held for investment, subject to nonrecourse debt 
 As Previously Reported                                 |          |     | Adjustments |         |     | As Restated |          |
|:--------------------------------|:----|:--------------------------|-----------:|:----|:------------|---------: