Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 6

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 6
---
 these events and their effects on the Company’s financial condition, liquidity, operations, industry, and workforce. These continuing economic impacts may cause additional volatility in the financial markets and may have an adverse effect on the Company’s results of future operations, financial condition, and liquidity in 2025 and beyond. See the Results of Operations section below.

For further discussion on the potential impacts of the Federal Reserve’s monetary policies and macroeconomic conditions, see “Risks Related to the Business of the Company” and “Our business is significantly impacted by changes in interest rates. Changes in prevailing interest rates due to U.S. monetary policies or other macroeconomic conditions that affect interest rates may have a detrimental effect on our operations, financial performance, and earnings,” as well as “Risks Related to Our Lending Business” and “Our loan origination and servicing revenues are highly dependent on macroeconomic and U.S. residential real estate market conditions” under the section entitled “Item 1A. Risk Factors” in our Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 14, 2025, as amended by Amendment No. 1 to our Annual Report on Form 10-K/A, filed with the SEC on May 20, 2025. Such risk factors may be amended or updated in our subsequent periodic reports filed with the SEC.

51

Results of Operations

Consolidated Results

The following table summarizes our consolidated operating results from continuing operations (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Portfolio interest income:Interest income$482,132 $489,900 $1,444,534 $1,431,970 Interest expense(404,031)(426,839)(1,236,534)(1,233,261)Net portfolio interest income78,101 63,061 208,000 198,709 Other income (expense):Net origination gains59,933 57,216 162,029 137,133 Gain on securitization of HECM tails, net11,654 10,560 32,990 32,317 Fair value changes from model amortization(41,293)(43,753)(117,705)(149,174)Fair value changes from market inputs or model assumptions(21,872)204