Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 68

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 68
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 Value OptionThe Company has elected to measure its loans held for investment, loans held for sale, HMBS related obligations, nonrecourse debt, and Convertible Notes (as defined in Note 10 - Notes Payable) at fair value under the fair value option. The Company elected to apply the provisions of the fair value option to these assets and liabilities in order to 

28

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

align financial reporting presentation with the Company’s operational and risk management strategies. The following table presents the fair value and the UPB of these financial assets and liabilities (in thousands):September 30, 2025December 31, 2024Fair ValueUPBFair ValueUPBAssetsLoans held for investment, subject to HMBS related obligations$18,973,939 $17,885,855 $18,669,962 $17,652,495 Loans held for investment, subject to nonrecourse debt10,476,941 10,003,183 9,288,403 9,218,697 Loans held for investment407,964 396,775 520,103 503,949 Other assets:Loans held for sale59,731 54,101 3,454 4,331 LiabilitiesHMBS related obligations18,758,558 17,885,855 18,444,370 17,652,495 Nonrecourse debt10,155,869 10,467,868 8,954,068 9,363,919 Convertible Notes49,844 40,000 — — The following tables present the total amount of loans held for investment that were greater than 90 days past due and on non-accrual status (in thousands): September 30, 2025UPBFair ValueDifferenceLoans held for investment, subject to nonrecourse debt$12,412 $275 $(12,137)Loans held for investment7,564 6,532 (1,032)Total loans 90 days or more past due and on non-accrual status$19,976 $6,807 $(13,169)December 31, 2024UPBFair ValueDifferenceLoans held for investment, subject to nonrecourse debt$32,067 $19,362 $(12,705)Loans held for investment222