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    William Nasta • UBS

    William Nasta's questions to Finance of America Companies Inc (FOA) leadership

    William Nasta's questions to Finance of America Companies Inc (FOA) leadership • Q1 2025

    Question

    William Nasta, on behalf of Doug Harter at UBS, asked about the impact of recent interest rate volatility on Q2 volumes and the company's forward-looking expense outlook.

    Answer

    CEO Graham Fleming stated that April 2025 was the company's strongest month for submissions and funded volume in the last two years. CFO Matthew Engel added that while rates are volatile, they have not yet seen a significant impact on volume. Regarding expenses, Engel explained that the fixed cost base is relatively stable, though they continue to find savings opportunities as contracts renew. He affirmed the platform can handle significantly more production without major pressure on fixed costs, though variable expenses would rise with volume.

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    William Nasta's questions to Finance of America Companies Inc (FOA) leadership • Q4 2024

    Question

    William Nasta, on behalf of Doug Harter, requested an update on the progress of the Ginnie Mae HMBS 2.0 program, including any expected timeline for implementation given the current administration.

    Answer

    CEO Graham Fleming stated that Ginnie Mae continues to make operational progress on the implementation of HMBS 2.0. However, a specific effective date has not yet been communicated. Fleming noted that the program is expected to move forward once new appointees are in place, but the final go-live date remains the last outstanding piece of information.

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