Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 13

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 13
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 income463,979 460,034 — — 3,945 — Interest expense(393,804)(373,736)— — — (20,068)NET PORTFOLIO INTEREST INCOME70,175 86,298 — — 3,945 (20,068)OTHER INCOME (EXPENSE)Net origination gains39,657 39,657 — — — — Gain on securitization of HECM tails, net10,726 10,726 — — — — Fair value changes from model amortization(57,608)(57,608)— — — — Fair value changes from market inputs or model assumptions13,562 13,562 — — — — Net fair value changes on loans and related obligations6,337 6,337 — — — — Fee income6,322 — 6,236 86 — — Non-funding interest expense, net(8,152)— — — 321 (8,473)NET OTHER INCOME (EXPENSE)4,507 6,337 6,236 86 321 (8,473)TOTALS$74,682 $92,635 $6,236 $86 $4,266 $(28,541)

Recently Adopted Accounting Guidance

StandardDescriptionEffective DateEffect on Consolidated Financial StatementsAccounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax DisclosuresIn December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09 that enhances annual income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation, and by requiring disclosure of the amount of income taxes paid disaggregated by federal, state, and foreign taxes, as well as disaggregated by material individual jurisdictions.January 1, 2025This ASU will result in additional income tax disclosures in our Form 10-K, but the Company does not expect it will have a material impact on our consolidated financial statements.

16

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Recently Issued Accounting Guidance, Not Yet Adopted as of March 31, 2025StandardDescriptionDate of Planned AdoptionEffect on