Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 166

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 166
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,068 7,904,200 Other financing lines of credit918,247 928,479 Payables and other liabilities55,746 107,664 Total financing of portfolio28,372,431 26,294,063 Net carrying value of earning assets$504,847 $479,038 

The following tables provide a summary of our Portfolio Management segment’s key metrics (dollars in thousands):

December 31, 2024December 31, 2023Reverse MortgagesLoan count90,34091,888Active UPB$26,477,354$24,923,313Due and payable415,400371,913Foreclosure504,675524,988Claims pending79,138130,928Ending UPB$27,476,567$25,951,142Average UPB$304$282Weighted average coupon7.11 %7.35 %Weighted average age (in months)4540Percentage in foreclosure1.8 %2.0 %

For the year ended December 31, 2024For the year ended December 31, 2023Investment and Capital MarketsNumber of structured deals8 5 Structured deals (size in notes)$3,617,495 $1,925,699 

Revenues

In the table below is a summary of the components of our Portfolio Management segment’s total revenues (in thousands):

76

For the year ended December 31, 2024For the year ended December 31, 2023Portfolio interest income:Interest income$1,905,214 $1,628,877 Interest expense(1,637,286)(1,360,998)Net portfolio interest income267,928 267,879 Other income (expense):Gain on securitization of 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 obligations(99,642)(144,112)Fee income3,183 10,283 Gain (loss) on sale and other income from loans held for sale, net378 (18,691)Net other income (expense)(96,081)(152,520)Total revenues$171,847 $115,359 

Certain of our financial instruments are valued utilizing a process that