Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 12

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 12
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 months ended June 30, 2025, the weighted average margin on reverse mortgage loan production was 8.78% compared to 9.19% in 2024, a decrease of 0.41%.

Expenses

In the table below is a summary of the components of our Retirement Solutions segment’s total expenses (in thousands):

For the three months ended June 30, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024Salaries$14,725 $13,693 $29,067 $27,603 Commissions and bonuses6,196 4,085 11,120 8,810 Other salary related expenses2,432 3,171 5,018 5,669 Total salaries, benefits, and related expenses23,353 20,949 45,205 42,082 Loan production expenses1,251 1,100 2,777 4,181 Marketing and advertising expenses12,257 10,676 22,987 19,167 Depreciation and amortization9,327 9,426 18,657 18,914 General and administrative expenses5,786 6,684 10,810 13,901 Total expenses$51,974 $48,835 $100,436 $98,245 

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For the three months ended June 30, 2025 versus the three months ended June 30, 2024

Total expenses increased $3.1 million or 6.4% as a result of the following:

•Total salaries, benefits, and related expenses increased $2.4 million or 11.5% primarily due to increases in variable compensation as a result of higher loan production and increases in technology resources, partially offset by a decrease in average headcount during the three months ended June 30, 2025 when compared to the 2024 period.

•Marketing and advertising expenses increased $1.6 million related to brand marketing and our digital innovation strategy, which was partially offset by a decrease in General and administrative expenses of $0.9 million  primarily due to continued cost-cutting measures during the three months ended June 30, 2025 when compared to the 2024 period. 

For the six months ended June 30, 202