Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 77

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 77
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 the 2023 period.

• Gain (loss) on sale and other income from loans held for sale, net, improved $2.1 million as a result of minimal residential, commercial, and home improvement loans held for sale activity for the three months ended June 30, 2024 compared to the 2023 period.

For the six months ended June 30, 2024 versus the six months ended June 30, 2023

Total revenues increased $100.6 million as a result of the following:

• Net fair value changes on loans and related obligations improved $86.4 million primarily as a result of improved fair value changes from market inputs or model assumptions compared to the 2023 period. The improvement in fair value changes from market inputs or model assumptions was primarily related to market interest rate and yield volatility, which generated net fair value gains during the six months ended June 30, 2024 compared to losses during the 2023 period. See Note 6 - Fair Value within the Notes to Condensed Consolidated Financial Statements for additional information on assumptions impacting the value of our loans held for investment. The $11.8 million increase in gain on securitization of HECM tails, net, during the six months ended June 30, 2024 compared to the 2023 period was due to higher marks from our tail securitizations and our increased servicing portfolio size from the HECM portfolio acquired from AAG/Bloom.

#### 77
• Fee income decreased $7.1 million primarily related to lower MSR servicing fee income due to a much lower MSR portfolio balance for the six months ended June 30, 2024 compared to the 2023 period.

• Gain (loss) on sale and other income from loans held for sale, net, improved $13.3 million primarily as a result of minimal residential, commercial, and home improvement loans held for sale activity for the six months ended June 30, 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 three months ended June 30, 2024 |     |   | For the three months ended June 30, 2023 |     |   | For the six months ended June 30, 2024 |     |   | For the six months ended June 30, 2023 |
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