Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 253

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 253
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4,615, respectively20,935 27,494 ROU assets (Note 16 - Leases)20,533 23,399 Prepaid expenses11,998 12,245 Fixed assets, net3,824 5,967 Loans held for sale, at fair value (Note 6 - Fair Value)3,454 4,246 MSR, at fair value (Note 9 - Mortgage Servicing Rights, at Fair Value)— 6,436 Other14,162 25,423 Total other assets, net$157,261 $226,153 

12.    HMBS Related Obligations, at Fair ValueHMBS related obligations, at fair value, consisted of the following (in thousands): December 31, 2024December 31, 2023Ginnie Mae loan pools - UPB$17,652,495 $16,875,437 Fair value adjustments791,875 478,283 Total HMBS related obligations, at fair value$18,444,370 $17,353,720 WAL (in years)3.84.1Weighted average interest rate6.2 %6.6 %

The Company was servicing 2,835 and 2,552 Ginnie Mae loan pools at December 31, 2024 and December 31, 2023, respectively. 

13.    Nonrecourse Debt, at Fair Value Nonrecourse debt, at fair value, consisted of the following (in thousands):Issue DateFinal Maturity DateInterest RateOriginal Issue AmountDecember 31, 2024December 31, 2023Securitization of non-agency reverse loansMay 2018 - December 2024May 2050 - December 20741.25% - 4.50%$10,124,527 $8,304,568 $7,331,305 Securitization of performing/nonperforming HECM loans(1)October 2024October 20344.00% - 6.00%705,400 677,035 672,911 Securitization of commercial loans(2)May 2024May 20269.49%39,016 8,245 83,237Total consolidated VIE nonrecourse debt UPB8,989,848 8,087,453 Nonrecourse reverse loan financing liability(