Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 68

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 68
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 income                                                  |     |   |                                         7,247 |     |   |                                        10,983 |     |   |                                       20,269 |     |   |                                       24,236 |
| Loss on sale and other income from loans held for sale, net |     |   |                                             — |     |   |                                        -2,212 |     |   |                                          -76 |     |   |                                       -5,789 |
| Total revenues                                              |     | $ |                                        64,463 |     | $ |                                        40,147 |     | $ |                                      157,326 |     | $ |                                      107,224 |

For the three months ended September 30, 2024 versus the three months ended September 30, 2023

Total revenues increased $24.3 million or 60.6% as a result of the following:

• Net origination gains increased $25.8 million or 82.4% as a result of higher reverse mortgage loan origination volumes and higher margins. We originated $513.4 million of reverse mortgage loans for the three months ended September 30, 2024, an increase of 9.2%, compared to $470.0 million for the comparable 2023 period. During the three months ended September 30, 2024, the weighted average margin on reverse mortgage loan production was 11.15% compared to 6.68% in 2023, an increase of 4.47%.

#### 71
• Fee income decreased $3.7 million primarily due to fees associated with the previous operations of the home improvement lending business.

• Loss on sale and other income from loans held for sale, net, improved $2.2 million due to the absence of losses related to the previous operations of the home improvement lending business.

For the nine months ended September 30, 2024 versus the nine months ended September 30, 2023

Total revenues increased $50.1 million or 46.7% as a result of the following:

• Net origination gains increased $48.4 million or 54.5% as a result of higher reverse mortgage loan origination volumes and higher margins associated with the increase in volumes from our retail platform acquired from AAG/Bloom. We originated $1.4 billion of reverse mortgage loans for the nine months ended September 30, 2024, an increase of 17.3%, compared to $1.2 billion