Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40308 FINANCE OF AMERICA COMPANIES INC. (Exact name of registrant as specified in its charter) Delaware 85-3474 ...

Financial Data and Key Metrics Changes - Adjusted net income for Q2 was $57 million or $0.30 per share, down from $107 million or $0.56 per share in the previous quarter, reflecting a significant decline in mortgage revenue [14][15] - The company reported a net loss of $15 million for Q2, compared to net income of $124 million in Q1 and $146 million in Q2 2020 [15] - Adjusted EBITDA for Q2 was $87 million, down $67 million or 44% compared to Q1, primarily due to a $102 million decrease in mortgage revenue [15] Business Line Data and Key Metrics Changes - Mortgage originations volume decreased by 21% to $6.7 billion from $8.4 billion in the prior quarter, leading to a 32% decrease in segment revenue [16] - The reverse mortgage segment achieved record funded volumes of $1 billion, up 32% quarter-over-quarter, generating segment revenue of $95 million, an increase of 38% [17] - Commercial funded volumes increased by 17% sequentially to $400 million, resulting in a 64% revenue increase from Q1 [18] Market Data and Key Metrics Changes - The company experienced a shift from refinance to purchase volume, with purchase funded volumes growing from $2.7 billion to $3.5 billion quarter-over-quarter [12] - The reverse mortgage market is supported by a growing senior population, which is increasing at 3% annually, presenting substantial growth opportunities [26] Company Strategy and Development Direction - The company is focused on diversifying its business model, which includes mortgage, reverse, commercial, and home improvement loans, to mitigate the effects of a cyclical mortgage market [7][11] - The management emphasized the importance of innovation and capitalizing on market opportunities to drive profitable growth [22][25] Management Comments on Operating Environment and Future Outlook - Management expects continued pressure in the mortgage segment for the remainder of the year, with adjusted EBITDA for 2021 now estimated to be down 25% to 30% compared to 2020 [26] - The company remains optimistic about growth opportunities in the reverse and commercial segments, citing favorable market dynamics [29][30] Other Important Information - The company completed its business combination and began trading on the NYSE on April 5, 2021, and is integrating its home improvement business along with the acquisition of Parkside Lending [6][11] - Non-recurring costs related to the business combination impacted the financial results, totaling $43 million for the quarter [21] Q&A Session Summary Question: Near term growth outlook for commercial and reverse originations - Management expressed excitement about growth opportunities in both channels, citing sustainable opportunities despite the difficulty in forecasting [28][29] Question: Outlook for revenue margins in commercial and reverse segments - Management indicated that good margins are expected to hold in both channels, although variability exists [30][31] Question: Change in EBITDA guidance and its drivers - Management confirmed the revised guidance of a 25% to 30% reduction in adjusted EBITDA, driven by tighter margins and unexpected dynamics in the second quarter [33][34] Question: Variable compensation structure and long-term expense management - Variable compensation is tied to volume, and management is focused on right-sizing expenses in response to changing market conditions [35][36] Question: Stock buyback considerations - Management is evaluating capital management strategies, including potential stock buybacks, while focusing on investments that reduce earnings cyclicality [40][41] Question: Importance of tangible book value and EPS guidance - Management emphasized the significance of tangible book value in assessing company value but did not provide specific EPS guidance [44][47]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40308 FINANCE OF AMERICA COMPANIES INC. (Exact name of registrant as specified in its charter) Delaware 85-347 ...

Financial Data and Key Metrics Changes - Total funded volume grew 78% to $9.5 billion compared to $5.3 billion in the prior year quarter [14] - Total revenues of $499 million were up 165% year-over-year but down 7% versus the fourth quarter of 2020 [14] - Pre-tax net income was $125 million for the quarter compared to $153 million in the fourth quarter and a loss in the prior year quarter [14] - Adjusted EBITDA of $154 million for Q1 2021 was down 11% compared to $174 million in the fourth quarter but up more than 4 times the $35 million generated in the prior year quarter [14] Business Line Data and Key Metrics Changes - Mortgage originations generated funded volumes of $8.4 billion, double the $4.2 billion for Q1 2020, although down 5% on a linked quarter basis [15] - Reverse Originations funded volumes were up 17% quarter-over-quarter to $769 million, driving segment revenue to $69 million, up 25% compared to the prior quarter [15] - Lender services delivered total revenue of $76 million and pre-tax net income of $13 million, up considerably compared to prior quarter and year-ago levels [16] Market Data and Key Metrics Changes - The aging housing stock and the bias for newer construction or remodeled properties bode well for ongoing demand in the commercial loans segment [9] - The reverse mortgage products are increasingly appealing to baby boomers looking to tap into home equity [9] Company Strategy and Development Direction - The company launched a new vertical, Finance of America Home Improvement, via the acquisition of Renovate Americas [6] - The company is focused on capitalizing on M&A opportunities and has successfully acquired, integrated, and optimized 16 companies since its formation in 2013 [7] - The company aims to leverage its diversified model to generate sustainable returns across economic cycles [12] Management's Comments on Operating Environment and Future Outlook - Management expects macro tailwinds from growing consumer wealth to fuel expanding consumer credit and support long-term growth prospects [12] - The company estimates a reduction in adjusted EBITDA for the full year 2021 of roughly 20% year-over-year, indicating a continuation of return on pro forma equity north of 20% [12] - Management remains focused on maximizing the potential of existing platforms while strategically adding new products and distribution channels [12] Other Important Information - The company completed its business combination with Replay Acquisition Corporation and officially started trading on the NYSE on April 5 [6] - Cash and cash equivalents were up 49% on a sequential quarter basis to $348 million, providing capacity for further investments [17] Q&A Session Summary Question: Forward origination business margins - Management noted that margins have decreased from roughly 430 to 340 in the first quarter, with tighter margins across the board, particularly in correspondent and wholesale channels [19] Question: Reverse and commercial business outlook - Management indicated that reverse originations are more about segment expansion with stable margins, while the commercial business faces more margin competitiveness, particularly in the fix and flip segment [21][22] Question: Lender services growth and margin expansion - Management highlighted growth in lender services from increased adoption and new customer acquisition, with healthy margins expected to continue [24] Question: Home improvement financing products - Management discussed the new home improvement vertical and the potential for product expansion, including solar financing [28] Question: Growth of the MSR portfolio - Management confirmed plans to retain retail MSR and sell TPO MSR to the fund, with less emphasis on bulk acquisitions [29]

Replay Acquisition Corp. (RPLA) Q4 2020 Earnings Conference Call March 2, 2021 5:00 PM ET Company Participants Michael Fant - SVP of Finance Patti Cook - CEO Graham Fleming - President Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Finance of America Fourth Quarter 2020 Earnings Conference Call. I would now like to turn the conference over to Michael Fant, Senior Vice President of Finance at Finance of America. Please go ahead, Michael. Michael Fant Thank you ...