Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 243

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 243
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.6 %21.5% - 22.3%21.9 %Discount rateNM7.5 %NM10.0 %

132

Finance of America Companies Inc.Notes to Consolidated Financial Statements

December 31, 2024December 31, 2023Instrument / Unobservable InputsRangeWeighted AverageRangeWeighted AverageNonrecourse commercial loan financing liabilityWeighted average SMMNM65.4 %NM33.3 %Discount rateNM8.6 %NM9.1 %Deferred purchase price liabilitiesTRA obligationDiscount rateNM28.1 %NM33.0 %Fair Value of Assets and LiabilitiesThe following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis (in thousands):December 31, 2024Total Fair ValueLevel 1Level 2Level 3AssetsLoans held for investment, subject to HMBS related obligations$18,669,962 $— $— $18,669,962 Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans9,268,866 — — 9,268,866 Commercial mortgage loans19,537 — — 19,537 Loans held for investment:Reverse mortgage loans519,948 — — 519,948 Commercial mortgage loans155 — — 155 Other assets:Retained bonds40,407 — — 40,407 Loans held for sale - residential mortgage loans3,454 — 3,454 — Total assets$28,522,329 $— $3,454 $28,518,875 LiabilitiesHMBS related obligations$18,444,370 $— $— $18,444,370 Nonrecourse debt:Nonrecourse debt in consolidated VIE trusts and reverse loan financing liability8,950,445 — — 8,950,445 Nonrecourse commercial loan financing liability3,623 — — 3,623 Deferred purchase price liabilities:Deferred purchase price liabilities13,370 — — 13,370 TRA obligation3,314 — — 3,314 Total liabilities$27,415,122 $— $— $27,415,122 

133

Finance of America Companies Inc.Notes to Consolidated Financial Statements