Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 31

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 31
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 reclassified as government guaranteed receivable                          |     |   |        67,737 |     |   |            94,636 |
| Loans serviced for others                                                       |     |   |       148,871 |     |   |           164,742 |
| Total serviced reverse mortgage loan portfolio                                  |     | $ |    26,669,426 |     | $ |        25,951,142 |

(1) Loans not securitized primarily represent newly originated loans and poolable tails.

(2) Unpoolable loans primarily represent loans that have reached 98% of their maximum claim amount (“MCA”).

The table below summarizes the reverse mortgage portfolio owned by the Company by product type (in thousands):

|                                        |     |   | June 30, 2024 |     |   | December 31, 2023 |
|:---------------------------------------|:----|:--|--------------:|:----|:--|------------------:|
| Fixed rate loans                       |     | $ |     7,088,944 |     | $ |         6,817,176 |
| Adjustable rate loans                  |     |   |    19,363,874 |     |   |        18,874,588 |
| Total owned reverse mortgage portfolio |     | $ |    26,452,818 |     | $ |        25,691,764 |

As of June 30, 2024 and December 31, 2023, there were $ 428.1million an d $ 478.8million , respectively, of foreclosure proceedings in process, which are included in loans held for investment, subject to HMBS related obligations, at fair value, loans held for investment, subject to nonrecourse debt, at fair value, or loans held for investment, at fair value, in the Condensed Consolidated Statements of Financial Condition, and $ 38.7million and $ 46.2million, respectively, of foreclosure proceedings in process, which are included in loans serviced for others in the table above.

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| Finance of America Companies Inc.                                
 Notes to Condensed Consolidated Financial Statements (Unaudited) |

8. Loans, at Fair Value

Loans held for investment and held for sale consisted of the following (in thousands):

| June 30, 2024                                                  |     | Unpaid Principal Balance |            |     | Fair Value Adjustments |          |     | Estimated