Annual report pursuant to Section 13 and 15(d)

Acquisitions - Fair Value of Consideration Transferred, Noncontrolling Interest Equity Value, and Assets Acquired and Liabilities Assumed (Details)

v3.22.4
Acquisitions - Fair Value of Consideration Transferred, Noncontrolling Interest Equity Value, and Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
May 14, 2021
Mar. 26, 2021
Oct. 12, 2020
Dec. 31, 2022
Dec. 31, 2021
Apr. 01, 2021
Mar. 31, 2021
Dec. 31, 2020
Liabilities assumed:                
Goodwill       $ 0 $ 0 $ 0 $ 128,750 $ 121,233
FoA Equity                
Consideration transferred:                
Total cash consideration     $ 342,270          
Blocker rollover equity     221,811          
Seller earnout contingent consideration     160,272          
Tax receivable agreement obligations to the seller     31,950          
Total consideration transferred     756,303          
Noncontrolling interest     1,658,545          
Total equity value     2,414,848          
Assets acquired:                
Cash and cash equivalents     336,075          
Restricted cash     305,292          
Loans held for sale, at fair value     2,140,361          
MSR, at fair value     267,364          
Fixed assets and leasehold improvements, net     26,079          
Intangible assets, net     717,700          
Other assets, net     404,864          
Total assets acquired     20,660,914          
Liabilities assumed:                
Payables and other liabilities     669,048          
Notes payable, net     353,924          
Total liabilities assumed     19,517,390          
Net identifiable assets acquired     1,143,524          
Goodwill     1,271,324          
Business combination goodwill deductible for tax purposes     85,200          
Cash payment     342,270          
Transaction expenses related to acquisition     5,000          
Payment and expenses incurred on close of business acquisition     29,000          
FoA Equity | Phantom Share Unit Holders                
Consideration transferred:                
Total cash consideration     24,000          
Liabilities assumed:                
Cash payment     24,000          
FoA Equity | Broker Relationships                
Assets acquired:                
Intangible assets     530,900          
FoA Equity | Loans held for investment, subject to HMBS related obligations                
Assets acquired:                
Loans held for investment, at fair value     10,071,192          
FoA Equity | Loans held for investment, subject to nonrecourse debt                
Assets acquired:                
Loans held for investment, at fair value     5,291,443          
FoA Equity | Loans held for investment                
Assets acquired:                
Loans held for investment, at fair value     1,100,544          
FoA Equity | HMBS related obligations                
Liabilities assumed:                
Financial liabilities     9,926,131          
FoA Equity | Nonrecourse debt                
Liabilities assumed:                
Financial liabilities     5,227,942          
FoA Equity | Other financing lines of credit                
Liabilities assumed:                
Financial liabilities     $ 3,340,345          
Renovate America, Inc.                
Consideration transferred:                
Total consideration transferred   $ 43,500            
Assets acquired:                
Loans held for sale, at fair value   35,226            
Other assets, net   753            
Total assets acquired   43,496            
Liabilities assumed:                
Goodwill   5,627            
Renovate America, Inc. | Technology                
Assets acquired:                
Intangible assets   $ 1,890            
Parkside Lending, LLC                
Consideration transferred:                
Total consideration transferred $ 32,600              
Assets acquired:                
Other assets, net 13              
Total assets acquired 32,613              
Liabilities assumed:                
Goodwill 22,400              
Parkside Lending, LLC | Broker Relationships                
Assets acquired:                
Intangible assets $ 10,200