Finance Of America Companies Inc. (NYSE:FOA) Q1 2024 Earnings Call Transcript

Stephen Laws: Great. And one final one. Can you talk to your financing lines, warehouse facilities, your capacity there? How are conversations with those lenders? And do you have what you need in place to support the — your growth outlook?

Matt Engel: We do. On our core financing, we have really adequate financing of every sort. Kind of the 2 areas where we’re really looking for some change or change in the planting mix is, one, can we obtain additional leverage on the MSR asset, right? As you look at the supplemental materials we posted in April to our investor website, we talked a little bit about that, and getting additional leverage on the MSR have just been a bit of a difficult asset to finance over the past 12 months. And then separately, as also we mentioned, we’ll be looking to do something with our high-yield debt, which matures at the end of 2025, and pass on something creative with that. But yes, too soon to speak to specifics there but definitely on our radar is as of the finance facilities we need to potentiate.

Stephen Laws: Great. I know you’re working diligently on that, and look forward to the update when you have one to provide the market.

Operator: There are no further questions at this time. I’ll turn the call to Graham Fleming for closing remarks.

Graham Fleming: Thank you, everybody, for joining our Q1 call. We look forward to having the call in August and updating you on our progress around Q2 and providing some information around what we see for Q3. So thank you, everybody, for joining the call today.

Operator: This concludes today’s conference call.