Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 192

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 192
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 presented, including the necessity to conduct the analysis based on a single point in time.

The sensitivities presented are hypothetical and should be evaluated with care. The effect on fair value of a 25 bps variation in assumptions generally cannot be determined because the relationship of the change in assumptions to the fair value may not be linear. Additionally, the impact of a variation in a particular assumption on the fair value is calculated while holding other assumptions constant. In reality, changes in one factor may lead to changes in other factors, which could impact the hypothetical effects.

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The following table summarizes the estimated change in the fair value of our significant assets and liabilities sensitive to interest rates as of December 31, 2024 (in thousands):

December 31, 2024Down 25 bpsUp 25 bpsIncrease (decrease) in assetsLoans held for investment, subject to HMBS related obligations$31,649 $(31,580)Loans held for investment, subject to nonrecourse debt:Reverse mortgage loans130,724 (128,008)Loans held for investment:Reverse mortgage loans4,556 (4,465)Total assets$166,929 $(164,053)Increase (decrease) in liabilitiesHMBS related obligations$27,273 $(27,089)Nonrecourse debt55,867 (67,435)Total liabilities$83,140 $(94,524)

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Item 8. Financial Statements and Supplementary Data

Index to Consolidated Financial Statements:Report of Independent Registered Public Accounting Firm (BDO USA, P.C., Philadelphia, PA PCAOB ID#243)96Consolidated Statements of Financial Condition as of December 31, 2024 and 202398Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023 100Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2024 and 2023102Consolidated Statements of Equity for the Years Ended December 31, 2024 and 2023103Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023 105Notes to Consolidated Financial Statements107

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Report of Independent Registered Public Accounting Firm

Shareholders and Board of Directors

Finance of America Companies Inc.

Plano, Texas

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statements of financial condition of Finance of