secwatch.observer — SEC 8-K summary
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Issuer:     Finance of America Companies Inc. (FOA)
CIK:        0001828937
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001828937-22-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finance of America Q3 net loss $302M; to discontinue Mortgage Originations segment
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- Net loss $302M ($1.35 per share) driven by $116M fair value changes and $138M impairment of intangible/long-lived assets.
- Adjusted net loss $20M ($0.10 per share); Mortgage Originations adjusted net loss $27M; SF&S adjusted net income $7M.
- Reverse Originations segment generated $34M pre-tax income; company plans to discontinue Mortgage Originations.
- Cash $169M after paying down $56M secured debt in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828937/000182893722000017/0001828937-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828937/000182893722000017/foa-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001828937-22-000017

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