Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 285

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 285
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 their dispersion across many geographic areas. The table below provides the percentage of all reverse loans in the Company’s Consolidated Statements of Financial Condition by the location in which the home securing the loan is located, and is based on remaining UPB. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB. December 31, 2024December 31, 2023California44 %43 %Florida6 %6 %New York5 %6 %Texas5 %5 %Colorado5 %4 %Other35 %36 %Total100 %100 %A significant portion of the Company’s non-agency reverse mortgages are originated within the state of California. The Company’s non-agency reverse mortgage loan concentration, based on remaining UPB, is presented in the following table. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.  December 31, 2024December 31, 2023California74 %75 %Other26 %25 %Total100 %100 %The following table provides the percentage of reverse mortgage loans in the Consolidated Statements of Financial Condition that are insured by the FHA compared to non-agency reverse mortgages.December 31, 2024December 31, 2023Agency68 %70 %Non-agency32 %30 %Total100 %100 %Loans previously repurchased out of a HMBS that were subsequently securitized contain limited concentrations of credit risk due to the dispersion across many geographic areas. The table below provides the percentage of securitized HECM buyouts in the Company’s Consolidated Statements of Financial Condition by the location in which the home securing the loan is located, and is based on remaining UPB. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.

163

Finance of America Companies Inc.Notes to Consolidated Financial Statements

December 31, 2024December 31, 2023New York23 %22 %Texas10 %9 %California9 %9 %Florida7 %6 %Puerto Rico6 %12 %Pennsylvania5 %4 %Other40 %38 %Total100 %100 %

27.    Related Party TransactionsWorking Capital Promissory NotesThe Company