Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 133

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 133
---
 amortization of $27.3 million was primarily due to a higher modeled yield on a larger portfolio during the year ended December 31, 2024 compared to the 2023 period.

The $20.0 million increase in gain on securitization of HECM tails, net, during the year ended December 31, 2024 compared to the 2023 period was due to higher premiums from our tail securitizations.

• Fee income decreased $7.1 million primarily related to lower MSR servicing fee income due to a much lower MSR portfolio balance during the year ended December 31, 2024 compared to the 2023 period.

• Gain (loss) on sale and other income from loans held for sale, net, improved $19.1 million as a result of minimal losses related to the wind-down of residential, commercial, and home improvement loans held for sale activity for the year ended December 31, 2024 compared to the 2023 period.

#### Expenses
In the table below is a summary of the components of our Portfolio Management segment’s total expenses (in thousands):

|                                                |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:-----------------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Salaries                                       |     | $ |                               11,299 |     | $ |                               13,409 |
| Commissions and bonuses                        |     |   |                                2,188 |     |   |                                3,431 |
| Other salary related expenses                  |     |   |                                2,026 |     |   |                                3,034 |
| Total salaries, benefits, and related expenses |     |   |                               15,513 |     |   |                               19,874 |
| Loan portfolio related expenses                |     |   |                               28,318 |     |   |                               16,935 |
| Loan servicing expenses                        |     |   |                               31,323 |     |   |                               30,729 |
| Marketing and advertising expenses             |     |   |                                   41 |     |   |                                   24 |
| Depreciation and amortization                  |     |   |                                   77 |     |   |                                  107 |
| General and administrative expenses            |     |   |                               12