Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 16

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 16
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 of our Portfolio Management segment’s key metrics (dollars in thousands):

September 30, 2025December 31, 2024Reverse Mortgage LoansActive unpaid principal balance (“UPB”)$27,481,599$26,477,354Due and payable488,301415,400Foreclosure540,092504,675Claims pending92,84579,138Ending UPB$28,602,837$27,476,567Loan count88,88390,340Average UPB$322$304Weighted average coupon6.99 %7.11 %Weighted average age (in months)4945Percentage of UPB in foreclosure1.9 %1.8 %

Three months endedNine months endedSeptember 30,September 30,2025202420252024Capital Markets TransactionsNumber of securitizations2 1 5 5 Notes issued$3,205,566 $839,432 $4,938,824 $2,146,095 

Revenues

The following table provides a summary of the components of our Portfolio Management segment’s total revenues (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Portfolio interest income:Interest income$482,132 $489,900 $1,444,534 $1,431,970 Interest expense(404,031)(426,839)(1,236,534)(1,233,261)Net portfolio interest income78,101 63,061 208,000 198,709 Other income (expense):Gain on securitization of HECM tails, net11,654 10,560 32,990 32,317 Fair value changes from model amortization(41,293)(43,753)(117,705)(149,174)Fair value changes from market inputs or model assumptions(21,872)204,154 161,330 228,976 Net fair value changes on loans and related obligations(51,511)170,961 76,615 112,119 Fee income750 930 2,109 2,648 Net other income (expense)(50,761)171,891 78,724 114,767 Total revenues$27,340 $234,952 $286,724 $313,476 

The majority of our financial instruments are valued utilizing a process that combines the