Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 72

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 72
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,954,068 (1) The Company’s securitizations are generally callable at or following the optional redemption date as defined in each related indenture agreement.(2) The nonrecourse debt associated with the securitization of commercial loans was fully paid off during the three months ended June 30, 2025.

31

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

(3) Nonrecourse loan financing liability is comprised of nonrecourse debt associated with securitizations of non-agency mortgage loans. As the securitizations were determined to be unconsolidated VIEs and failed sale treatment, the associated nonrecourse debt is accounted for by the Company and presented separately from other nonrecourse debt. Refer to Note 4 - Variable Interest Entities and Securitizations for additional information.Future repayment of nonrecourse debt issued by securitization trusts is dependent on the receipt of cash flows from the corresponding encumbered loans receivable. As of September 30, 2025, estimated maturities for nonrecourse debt for the next five years and thereafter are as follows (in thousands):Year Ending December 31,Estimated MaturitiesRemainder of 2025$1,137,364 20262,500,047 20271,988,307 2028495,364 2029484,173 Thereafter3,862,613 Total payments on nonrecourse debt$10,467,868 

9.    Other Financing Lines of CreditOther financing lines of credit consisted of the following (in thousands):Outstanding borrowings atMaturity DateInterest RateCollateral PledgedTotal Capacity(1)September 30, 2025December 31, 2024Reverse Lines:October 2025(2) - October 2026Secured Overnight Financing Rate (“SOFR”) + applicable marginFirst and Second Lien Mortgages$1,190,000 $335,651 $438,328 Various(3)Bond accrual rate/SOFR + applicable marginMortgage Related Assets382,426 352,426 356,915 October 2027SOFR + applicable marginHECM MSR70,000 69,231 69,231 October 2025(2)SOFR + applicable marginUnsecuritized Tails40,000 20,395 19,947 Subtotal reverse lines of