Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 113

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 2
Chunk 113
---
Loans held for investment, at fair value634,104 520,103 Other assets, net112,007 115,120 Total earning assets29,417,568 28,877,278 HMBS related obligations, at fair value18,590,357 18,444,370 Nonrecourse debt, at fair value9,163,399 8,954,068 Other financing lines of credit1,008,894 918,247 Payables and other liabilities57,324 55,746 Total financing of portfolio28,819,974 28,372,431 Net carrying value of earning assets$597,594 $504,847 

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

March 31, 2025December 31, 2024Reverse MortgagesLoan count89,69990,340Active unpaid principal balance (“UPB”)$26,835,778$26,477,354Due and payable496,958415,400Foreclosure477,902504,675Claims pending80,93279,138Ending UPB$27,891,570$27,476,567Average UPB$311$304Weighted average coupon7.08 %7.11 %Weighted average age (in months)4745Percentage in foreclosure1.7 %1.8 %

For the three months ended March 31, 2025For the three months ended March 31, 2024Investment and Capital MarketsNumber of structured deals1 2 Structured deals (size in notes)$876,692 $719,513 

54

Revenues

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

For the three months ended March 31, 2025For the three months ended March 31, 2024Portfolio interest income:Interest income$480,602 $463,979 Interest expense(410,167)(393,804)Net portfolio interest income70,435 70,175 Other income (expense):Gain on securitization of HECM tails, net10,481 10,726 Fair value changes from model amortization(40,956)(57,608)Fair value changes from market inputs or model assumptions88,263 13,562 Net fair value changes on loans and related obligations57,788 (33