Finance of America (Finance of America) Credit Losses Provision : $0.0 Mil (As of Dec. 2023)

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What is Finance of America Credit Losses Provision?

Finance of America's credit losses provision for the three months ended in Dec. 2023 was $0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 Mil.

Finance of America Credit Losses Provision Historical Data

The historical data trend for Finance of America's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Finance of America Credit Losses Provision Chart

Finance of America Annual Data

Trend

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Dec23

Credit Losses Provision

Finance of America Quarterly Data
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Finance of America Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Finance of America (Finance of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Finance of America Companies Inc (NYSE:FOA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

5830 Granite Parkway, Suite 400, Plano, TX, USA, 75024

Website

https://www.financeofamerica.com

Finance of America Companies Inc provides a diverse selection of lending products and services. Its products include home loans, reverse mortgages, commercial loans and lender services. Its operating segments include Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management.

Executives

Kristen N Sieffert	officer: President	C/O FINANCE OF AMERICA COMPANIES INC., 5830 GRANITE PARKWAY, SUITE 400, PLANO TX 75024
Reza Jahangiri	10 percent owner	C/O AMERICAN ADVISORS GROUP, INC., 18200 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92612
Bloom Retirement Holdings Inc.	10 percent owner	3800 W. CHAPMAN AVENUE, THIRD FLOOR, ORANGE CA 92868
Lauren Richmond	officer: Chief Legal Officer	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Blackstone Tactical Opportunities Fund - S - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Associates - Nq L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Edmond Safra	10 percent owner	C/O REPLAY ACQUISITION CORP., 767 FIFTH AVENUE, 46TH FLOOR, NEW YORK NY 10153
D1 Capital Partners L.p.	10 percent owner	9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019
Patricia Cook	director, officer: Chief Executive Officer	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Graham Fleming	officer: President	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Brian L Libman	director, 10 percent owner	CLAYTON HOLDINGS, INC., 2 CORPORATE DRIVE, SHELTON CT 06484
Johan Gericke	officer: EVP, Chief Financial Officer	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Blackstone Tactical Opportunities Fund - O - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - L - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - N - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154