Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 71

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 71
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, at fair value, Loans held for investment, subject to nonrecourse debt, at fair value, or Loans held for investment, at fair value, in the Condensed Consolidated Statements of Financial Condition, and $5.6 million and $7.1 million, respectively, of foreclosure proceedings in process, which are included in loans serviced for others in the table above.

7.    Other Assets, NetOther assets, net, related to continuing operations consisted of the following (in thousands):September 30, 2025December 31, 2024Loans held for sale, at fair value (Note 5 - Fair Value)$59,731 $3,454 Government guaranteed receivables44,353 41,948 Retained bonds, at fair value (Note 5 - Fair Value)39,293 40,407 Right-of-use assets18,094 20,533 Receivables, net of allowance of $8,264 and $3,13515,768 20,935 Prepaid expenses8,995 11,998 Fixed assets, net4,255 3,824 Other15,423 14,162 Total other assets, net$205,912 $157,261 

8.    Nonrecourse Debt, at Fair Value Nonrecourse debt, at fair value, consisted of the following (in thousands):Issue DateFinal Maturity Date(1)Interest RateOriginal Issue AmountSeptember 30, 2025December 31, 2024Securitization of non-agency reverse mortgage loansMay 2018 - September 2025December 2053 - September 20752.00% - 7.00%$10,810,832 $9,486,727 $8,304,568 Securitization of performing/nonperforming HECM loansOctober 2024October 20344.00% - 6.00%705,400 595,820 677,035 Securitization of commercial loans(2)N/AN/AN/AN/A—8,245Total consolidated VIE nonrecourse debt UPB10,082,547 8,989,848 Nonrecourse loan financing liability(3)385,321 374,071 Fair value adjustments(311,999)(409,851)Total nonrecourse debt, at fair value$10,155,869 $8