Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 197

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 197
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NET PORTFOLIO INTEREST INCOME267,928 267,879 OTHER INCOME (EXPENSE)Net origination gains179,837 121,646 Gain on securitization of home equity conversion mortgage (“HECM”) tails, net45,535 25,583 Fair value changes from model amortization(201,101)(228,391)Fair value changes from market inputs or model assumptions55,924 58,696 Net fair value changes on loans and related obligations80,195 (22,466)Fee income29,244 43,450 Gain (loss) on sale and other income from loans held for sale, net302 (24,994)Non-funding interest expense, net(39,498)(29,619)NET OTHER INCOME (EXPENSE)70,243 (33,629)TOTAL REVENUES338,171 234,250 EXPENSESSalaries, benefits, and related expenses138,360 178,319 Loan production and portfolio related expenses36,205 26,490 Loan servicing expenses31,323 30,729 Marketing and advertising expenses39,429 31,896 Depreciation and amortization38,947 42,369 General and administrative expenses59,462 82,204 TOTAL EXPENSES343,726 392,007 IMPAIRMENT OF INTANGIBLES AND OTHER ASSETS(891)(9,296)GAIN ON EXTINGUISHMENT OF DEBT56,193 — OTHER, NET(6,931)211 NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES42,816 (166,842)Provision (benefit) for income taxes from continuing operations2,398 (593)NET INCOME (LOSS) FROM CONTINUING OPERATIONS40,418 (166,249)NET LOSS FROM DISCONTINUED OPERATIONS(4,727)(51,909)NET INCOME (LOSS)35,691 (218,158)Net income (loss) from continuing operations attributable to noncontrolling interest22,922 (104,962)Net loss from discontinued operations attributable to noncontrolling interest(2,719)(33,108)NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST17,496 (61,287)NET LOSS FROM DISCONTINUED OPERATIONS