Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 64

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 64
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 investment, subject to HMBS related obligations, at fair value

•Loans held for investment, subject to nonrecourse debt, at fair value

•Loans held for investment, at fair value

•HMBS related obligations, at fair value; and

•Nonrecourse debt, at fair value.

53

Key Metrics

The following table provides a summary of the assets and liabilities under management by our Portfolio Management segment (in thousands):

March 31, 2025December 31, 2024Cash and cash equivalents$32,698 $29,355 Restricted cash199,586 254,335 Loans held for investment, subject to HMBS related obligations, at fair value18,809,023 18,669,962 Loans held for investment, subject to nonrecourse debt, at fair value9,630,150 9,288,403 Loans held for investment, at fair value634,104 520,103 Other assets, net112,007 115,120 Total earning assets29,417,568 28,877,278 HMBS related obligations, at fair value18,590,357 18,444,370 Nonrecourse debt, at fair value9,163,399 8,954,068 Other financing lines of credit1,008,894 918,247 Payables and other liabilities57,324 55,746 Total financing of portfolio28,819,974 28,372,431 Net carrying value of earning assets$597,594 $504,847 

The following tables provide a summary of our Portfolio Management segment’s key metrics (dollars in thousands):

March 31, 2025December 31, 2024Reverse MortgagesLoan count89,69990,340Active unpaid principal balance (“UPB”)$26,835,778$26,477,354Due and payable496,958415,400Foreclosure477,902504,675Claims pending80,93279,138Ending UPB$27,891,570$27,476,567Average UPB$311$304Weighted average coupon7.08 %7.11 %Weighted average age (in months)4745Percentage in foreclosure1.7 %1.8 %

For the three months ended March 31, 2025For the three months ended March 31, 2024Investment and Capital MarketsNumber of structured deals