Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 129

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 129
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 an increase of 18.7%, compared to $1.6 billion for the comparable 2023 period. During the year ended December 31, 2024, the weighted average margin on reverse mortgage loan production was 9.38% compared to 7.53% in 2023, an increase of 1.85% primarily due to the increase in retail production mix associated with the onboarding of our retail platform acquired from AAG/Bloom.

#### 76
• Fee income decreased $6.6 million primarily due to fees associated with the previous operations of the home improvement lending business, partially offset by higher reverse loan origination fees generated through our retail platform acquired from AAG/Bloom.

• Loss on sale and other income from loans held for sale, net, improved $6.2 million due to lower losses related to the previous operations of the home improvement lending business.

#### Expenses
In the table below is a summary of the components of our Retirement Solutions segment’s total expenses (in thousands):

|                                                |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:-----------------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Salaries                                       |     | $ |                               54,674 |     | $ |                               64,753 |
| Commissions and bonuses                        |     |   |                               18,770 |     |   |                               22,717 |
| Other salary related expenses                  |     |   |                               10,004 |     |   |                                9,104 |
| Total salaries, benefits, and related expenses |     |   |                               83,448 |     |   |                               96,574 |
| Loan production expenses                       |     |   |                                7,887 |     |   |                                9,555 |
| Marketing and advertising expenses             |     |   |                               39,337 |     |   |                               31,668 |
| Depreciation and amortization                  |     |   |                               37,751 |     |   |                               40,571 |
| General and administrative expenses            |     |   |                               26,521 |     |   |                               30,468 |
| Total expenses                                 |     | $ |                              194,944 |     | $ |                              208,836 |

For the