Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 28

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 28
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 sale treatment    |     |                   |         |     |             |         |     |                          |        |     |                      |           |
| Retained interests                     |     | $                 |  50,774 |     | $           |       — |     | $                        | 50,774 |     | $                    | 1,008,152 |
| Transfers of loans - secured borrowing |     |                   |         |     |             |         |     |                          |        |     |                      |           |
| Loans and nonrecourse liability        |     |                   | 389,557 |     |             | 368,343 |     |                          | 21,214 |     |                      |   389,557 |
| TOTAL                                  |     | $                 | 440,331 |     | $           | 368,343 |     | $                        | 71,988 |     | $                    | 1,397,709 |

As of June 30, 2024 and December 31, 2023, there were $ 1.3million and $ 0.7million, respectively, of mortgage loans transferred by the Company to unconsolidated securitization trusts that are 90 days or more past due.

6. Fair Value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on the assumptions market participants would use when pricing an asset or liability and follows a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy gives the highest priority to quoted prices available in active markets (i.e., observable inputs) and the lowest priority to data lacking transparency (i.e., unobservable inputs). In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. An instrument’s categorization within the fair value hierarchy is based on the lowest level of significant input to its

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

valuation. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

All aspects of nonperformance risk, including the Company’s own credit standing, are considered when measuring the fair value of a liability.

Following is a description of the three levels of the fair