Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 244

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 244
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December 31, 2023Total Fair ValueLevel 1Level 2Level 3AssetsLoans held for investment, subject to HMBS related obligations$17,548,763 $— $— $17,548,763 Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans8,138,403 — — 8,138,403 Commercial mortgage loans133,990 — — 133,990 Loans held for investment:Reverse mortgage loans574,271 — — 574,271 Commercial mortgage loans957 — — 957 Other assets:Retained bonds44,297 — — 44,297 Loans held for sale - residential mortgage loans4,246 — 4,246 — MSR6,436 — — 6,436 Loan purchase commitments630 — 630 — Total assets$26,451,993 $— $4,876 $26,447,117 LiabilitiesHMBS related obligations$17,353,720 $— $— $17,353,720 Nonrecourse debt:Nonrecourse debt in consolidated VIE trusts and reverse loan financing liability7,876,932 — — 7,876,932 Nonrecourse commercial loan financing liability27,268 — — 27,268 Deferred purchase price liabilities:Deferred purchase price liabilities4,318 — — 4,318 TRA obligation4,537 — — 4,537 Warrant liability 1,150 1,150 — — Total liabilities$25,267,925 $1,150 $— $25,266,775 Level 3 assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (in thousands):AssetsYear ended December 31, 2024Loans held for investmentLoans held for investment, subject to nonrecourse debtMSRRetained bondsBeginning balance$18,123,991 $8,272,393 $6,436 $44,297 Total gain (loss) included in earnings1,592,998 573,140 (920)(684)Purchases, settlements, and transfers:Purchases and additions2,894,673 41,134 — — Sales and settlements(2,120,