Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 44

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 44
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 |     |                     |     2,777 |     |              |          — |     |       |      2,852 |
| Net loss before taxes                                       |     |                                              |     | $                    | -47,026 |     | $                    |   -193,431 |     | $                         |   -240,457 |     | $                   |   -97,939 |     | $            |          — |     | $     |   -338,396 |
| Depreciation and amortization                               |     |                                              |     | $                    |  31,057 |     | $                    |         78 |     | $                         |     31,135 |     | $                   |     1,296 |     | $            |          — |     | $     |     32,431 |
| Total assets                                                |     |                                              |     | $                    | 309,534 |     | $                    | 26,022,716 |     | $                         | 26,332,250 |     | $                   | 1,510,951 |     | $            | -1,454,095 |     | $     | 26,389,106 |

18. Liquidity and Capital Requirements

Compliance Requirements

FAR

As an issuer of HMBS, FAR is subject to minimum net worth, liquidity, and leverage requirements as well as minimum insurance coverage established by Ginnie Mae.

The net worth required is $ 5.0million plus 1% of FAR’s outstanding HMBS and unused commitment authority from Ginnie Mae. The liquidity requirement is for 20% of FAR’s required net worth to be in the form of cash or cash equivalent assets. The leverage requirement is to maintain a ratio of net worth to total assets of not less than 6%.

As of September 30, 2024, FAR was in compliance with the minimum net worth, liquidity, capitalization levels, and insurance requirements of Ginnie Mae. The minimum net worth required of FAR by Ginnie Mae was $ 180.9million as of September 30, 2024. FAR’s actual net worth calculated based on Ginnie Mae guidance was $ 699.7million as of September 30, 2024. The minimum liquidity required of FAR by Ginnie Mae was $ 36.2million as of September 30, 2024. FAR’s actual cash and cash equivalents were $ 42.5million as of