Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 206

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 206
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 the Company’s interest expense associated with the Company’s other financing lines of credit, was combined with the interest income and interest expense that was previously reported within net fair value gains on loans and related obligations, excluding non-portfolio interest income and the interest expense associated with the Company’s non-funding debt, which is now reported separately as non-funding interest expense, net. As a result of the change, the Company’s previously reported revenues have been reclassified to reflect the updated presentation as follows:

108

Finance of America Companies Inc.Notes to Consolidated Financial Statements

Reconciliation of the previously reported Consolidated Statements of Operations captions to the current presentation:For the year ended December 31, 2023Total Net fair value gains on loans and related obligations Fee incomeLoss on sale and other income from loans held for sale, netInterest incomeInterest expenseFinance of America Companies Inc. as previously reported$234,250 $322,329 $43,450 $(24,994)$12,193 $(118,728)Reconciliation to current presentation:PORTFOLIO INTEREST INCOMEInterest income1,628,877 1,617,954 — — 10,923 — Interest expense(1,360,998)(1,273,159)— — — (87,839)NET PORTFOLIO INTEREST INCOME267,879 344,795 — — 10,923 (87,839)OTHER INCOME (EXPENSE)Net origination gains121,646 121,646 — — — — Gain on securitization of HECM tails, net25,583 25,583 — — — — Fair value changes from model amortization(228,391)(228,391)— — — — Fair value changes from market inputs or model assumptions58,696 58,696 — — — — Net fair value changes on loans and related obligations(22,466)(22,466)— — — — Fee income43,450 — 43,450 — — — Loss on sale and other income from loans held for sale, net(24,994)— — (24,994)— — Non-funding interest expense, net(29,619)— — — 1,270 (30,889)NET OTHER INCOME (EXPENSE)(