Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 97

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 97
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 and liabilities for which the Company has elected the fair value option (in thousands):

135

Finance of America Companies Inc.Notes to Consolidated Financial Statements

December 31, 2024Estimated Fair ValueUnpaid Principal BalanceAssets at fair value under the fair value optionLoans held for investment, subject to HMBS related obligations$18,669,962 $17,652,495 Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans 9,268,866 9,186,447 Commercial mortgage loans19,537 32,250 Loans held for investment:Reverse mortgage loans519,948 503,727 Commercial mortgage loans155 222 Other assets:Loans held for sale - residential mortgage loans3,454 4,331 Liabilities at fair value under the fair value optionHMBS related obligations18,444,370 17,652,495 Nonrecourse debt:Nonrecourse debt in consolidated VIE trusts and reverse loan financing liability8,950,445 9,351,132 Nonrecourse commercial loan financing liability3,623 12,787 December 31, 2023Estimated Fair ValueUnpaid Principal BalanceAssets at fair value under the fair value optionLoans held for investment, subject to HMBS related obligations$17,548,763 $16,875,437 Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans8,138,403 8,257,750 Commercial mortgage loans133,990 136,622 Loans held for investment:Reverse mortgage loans574,271 558,577 Commercial mortgage loans957 1,044 Other assets:Loans held for sale - residential mortgage loans4,246 9,247 Liabilities at fair value under the fair value optionHMBS related obligations17,353,720 16,875,437 Nonrecourse debt:Nonrecourse debt in consolidated VIE trusts and reverse loan financing liability7,876,932 8,429,135 Nonrecourse commercial loan financing liability27,268 26,661 Fair Value of Other Financial InstrumentsAs of December 31, 2024 and December 31, 2023, all financial instruments were either recorded at fair value or the carrying value approximated fair value with the exception of notes payable, net. Notes payable, net, includes our  senior notes and working capital promissory notes, recorded at