Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 195

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 195
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al details, and (iv) validating the arithmetic accuracy of the calculation of the yield spread utilized in the determination of the discount rates.  

•Assessing the reasonableness of the yield spreads by (i) comparing the yield spreads utilized to yield spreads implied by recently observed transactions, (ii) comparing, on a sample basis, the benchmark yield spread information utilized to independent third-party yield spread information, and (iii) by comparing changes in yield spreads for historical transactions to changes in the benchmark yield spread information.

/s/ BDO USA, P.C.

We have served as the Company’s auditor since 2021.

Philadelphia, Pennsylvania

March 14, 2025

97

Finance of America Companies Inc.Consolidated Statements of Financial Condition(in thousands, except share data)

December 31, 2024December 31, 2023ASSETSCash and cash equivalents$47,383 $46,482 Restricted cash254,585 178,319 Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value18,669,962 17,548,763 Loans held for investment, subject to nonrecourse debt, at fair value9,288,403 8,272,393 Loans held for investment, at fair value520,103 575,228 Intangible assets, net216,342 253,531 Other assets, net157,261 226,153 Assets of discontinued operations2,451 6,721 TOTAL ASSETS$29,156,490 $27,107,590 LIABILITIES AND EQUITYHMBS related obligations, at fair value$18,444,370 $17,353,720 Nonrecourse debt, at fair value 8,954,068 7,904,200 Other financing lines of credit918,247 928,479 Notes payable, net (includes amounts due to related parties of $162,283 and $136,414, respectively)374,511 410,911 Payables and other liabilities137,953 219,569 Liabilities of discontinued operations11,677 18,304 TOTAL LIABILITIES28,840,826 26,835,183 Commitments and Contingencies (Note 19)EQUITY (Note 30)Class A Common Stock, $0.0001 par value; 6,000,000