Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 103

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 103
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240 Total reverse mortgage loan origination volume$602,279 $446,561 $1,162,957 $870,014 

(1) Loan origination volumes consist of initial reverse mortgage loan borrowing amounts.

(2) Tails consist of subsequent borrower draws, mortgage insurance premiums, service fees, and other advances, which we are able to subsequently securitize.

51

Revenues

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

For the three months ended June 30, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024Net origination gains:TPO$52,299 $31,466 $96,963 $62,817 Retail22,076 19,812 40,215 38,324 Acquisition costs(18,317)(11,018)(35,082)(21,224)Total net origination gains56,058 40,260 102,096 79,917 Fee income6,289 6,894 11,972 12,946 Total revenues$62,347 $47,154 $114,068 $92,863 

For the three months ended June 30, 2025 versus the three months ended June 30, 2024

Total revenues increased $15.2 million or 32.2% as a result of the following:

•Net origination gains increased $15.8 million or 39.2% as a result of higher reverse mortgage loan origination volumes and higher margins. We originated $602.3 million of reverse mortgage loans for the three months ended June 30, 2025, an increase of 34.9%, compared to $446.6 million for the comparable 2024 period. During the three months ended June 30, 2025, the weighted average margin on reverse mortgage loan production was 9.31% compared to 9.02% in 2024, an increase of 0.29%.

For the six months ended June 30, 2025 versus the six months ended June 30, 2024

Total revenues increased $21.2 million or 22.8% as a result of the following:

•Net origination gains increased $22.2