Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 106

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 106
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 1,359 1,718 Net other income (expense)70,911 (24,197)129,485 (57,124)Total revenues130,375 41,276 259,384 78,524 Total expenses22,271 19,762 46,002 42,515 NET INCOME BEFORE INCOME TAXES$108,104 $21,514 $213,382 $36,009 

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Key Metrics

The following table provides a summary of the assets and liabilities in our Portfolio Management segment (in thousands):

June 30, 2025December 31, 2024Cash and cash equivalents$30,339 $29,355 Restricted cash189,926 254,335 Loans held for investment, subject to HMBS related obligations, at fair value18,858,220 18,669,962 Loans held for investment, subject to nonrecourse debt, at fair value9,888,492 9,288,403 Loans held for investment, at fair value634,935 520,103 Other assets, net305,416 115,120 Total earning assets29,907,328 28,877,278 HMBS related obligations, at fair value18,643,094 18,444,370 Nonrecourse debt, at fair value9,426,194 8,954,068 Other financing lines of credit1,076,434 918,247 Payables and other liabilities38,224 55,746 Total financing of portfolio29,183,946 28,372,431 Net carrying value of earning assets$723,382 $504,847 

The following tables provide a summary of our Portfolio Management segment’s key metrics (dollars in thousands):

June 30, 2025December 31, 2024Reverse Mortgage LoansActive unpaid principal balance (“UPB”)$27,104,358$26,477,354Due and payable534,228415,400Foreclosure486,067504,675Claims pending84,80579,138Ending UPB$28,209,458$27,476,567Loan count89,24590,340Average UPB$316$304Weighted average coupon6.94 %7.11 %Weighted average age (in months)4845Percentage of UPB in foreclosure1.7 %1.8