Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 109

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 109
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 value gains during the three months ended June 30, 2025 compared to the 2024 period. Refer to Note 5 - Fair Value in the Notes to Condensed Consolidated Financial Statements for additional information regarding the key inputs, assumptions, and valuation techniques impacting the value of our loans and related obligations.

For the six months ended June 30, 2025 versus the six months ended June 30, 2024

Total revenues increased $180.9 million as a result of the following:

•Fair value changes from model amortization improved $29.0 million primarily due to a higher modeled yield on a larger portfolio during the six months ended June 30, 2025 compared to the 2024 period. Net portfolio interest income decreased $5.7 million due to higher cost of funds within our securitized financing portfolio, which was partially offset by gains on extinguishment of debt related to the purchases of securities that were previously issued by consolidated trusts. 

•Fair value changes from market inputs or model assumptions increased $158.4 million primarily due to lower market interest rates, which generated higher net fair value gains during the six months ended June 30, 2025 compared to the 2024 period. Refer to Note 5 - Fair Value in the Notes to Condensed Consolidated Financial Statements for additional information regarding the key inputs, assumptions, and valuation techniques impacting the value of our loans and related obligations.

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, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024Salaries$2,899 $2,906 $5,705 $5,863 Commissions and bonuses469 590 911 1,634 Other salary related expenses357 433 741 1,496 Total salaries, benefits, and related expenses3,725 3,929 7,357 8,993 Loan portfolio related expenses8,211 4,562 18,015 10,094 Loan servicing expenses7,525 7,632 15,266 15,850 Marketing and advertising expenses— 24 — 39 Depreciation and amortization16 15 34 23 General and administrative expenses2,