Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 70

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 70
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,110 8,989,848 Nonrecourse loan financing liability(2)381,888 374,071 Fair value adjustments(312,804)(409,851)Total nonrecourse debt, at fair value$9,426,194 $8,954,068 (1)  The nonrecourse debt associated with the securitization of commercial loans was fully paid off during the three months ended June 30, 2025.

30

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

(2) Nonrecourse loan financing liability is comprised of nonrecourse debt associated with securitizations of non-agency mortgage loans. As the securitizations were determined to be unconsolidated VIEs and failed sale treatment, the associated nonrecourse debt is accounted for by the Company and presented separately from other nonrecourse debt. Refer to Note 4 - Variable Interest Entities and Securitizations for additional information.Future repayment of nonrecourse debt issued by securitization trusts is dependent on the receipt of cash flows from the corresponding encumbered loans receivable. As of June 30, 2025, estimated maturities for nonrecourse debt for the next five years and thereafter are as follows (in thousands):Year Ending December 31,Estimated MaturitiesRemainder of 2025$1,451,705 20263,528,625 20271,928,454 20281,003,506 2029189,354 Thereafter1,637,354 Total payments on nonrecourse debt$9,738,998 

9.    Other Financing Lines of CreditOther financing lines of credit consisted of the following (in thousands):Outstanding borrowings atMaturity DateInterest RateCollateral PledgedTotal Capacity(1)June 30, 2025December 31, 2024Reverse Lines:September 2025 - October 2026Secured Overnight Financing Rate (“SOFR”) + applicable marginFirst and Second Lien Mortgages$1,165,000 $572,470 $438,328 Various(2)Bond accrual rate/SOFR + applicable marginMortgage Related Assets398,097 379,726 356,915 October 2027SOFR + applicable marginHECM MSR70,000 69,231 69,231 October 2025SOFR + applicable