Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 32

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 32
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 Fair ValueHMBS related obligations, at fair value, consisted of the following (in thousands): March 31, 2025December 31, 2024Ginnie Mae loan pools - UPB$17,757,747 $17,652,495 Fair value adjustments832,610 791,875 Total HMBS related obligations, at fair value$18,590,357 $18,444,370 As of both March 31, 2025 and December 31, 2024, the weighted average interest rate on HMBS related obligations was 6.2%. The Company was servicing 2,899 and 2,835 Ginnie Mae loan pools at March 31, 2025 and December 31, 2024, respectively.

31

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

9.    Nonrecourse Debt, at Fair Value Nonrecourse debt, at fair value, consisted of the following (in thousands):Issue DateFinal Maturity DateInterest RateOriginal Issue AmountMarch 31, 2025December 31, 2024Securitization of non-agency reverse loansMay 2018 - February 2025April 2051 - February 20751.25% - 4.50%$10,329,876 $8,523,418 $8,304,568 Securitization of performing/nonperforming HECM loansOctober 2024October 20344.00% - 6.00%705,400 646,767 677,035 Securitization of commercial loansMay 2024May 20269.49%39,016 1,651 8,245Total consolidated VIE nonrecourse debt UPB9,171,836 8,989,848 Nonrecourse reverse loan financing liability(1)364,816 361,284 Nonrecourse commercial loan financing liability(2)12,159 12,787 Fair value adjustments(385,412)(409,851)Total nonrecourse debt, at fair value$9,163,399 $8,954,068 (1) Nonrecourse reverse loan financing liability is comprised of the nonrecourse debt associated with a securitization of non-agency reverse loans. As the securitization was determined to be an unconsolidated VIE and failed sale treatment, the