Quarterly report pursuant to Section 13 or 15(d)

Acquisitions - Fair Value of Consideration Transferred and Assets Acquired and Liabilities Assumed (Details)

v3.23.1
Acquisitions - Fair Value of Consideration Transferred and Assets Acquired and Liabilities Assumed (Details) - American Advisors Group (AAG)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2023
USD ($)
units
$ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
Consideration transferred:    
Cash consideration $ 3,100  
Notes payable to Seller 4,500  
Pay off indebtedness 136,984  
Other liabilities assumed 8,429  
Buyer transaction expenses 770  
Forgiveness of bridge working capital notes payable 24,034  
Total cost 215,373  
Assets acquired:    
Fixed assets and leasehold improvements 2,400 $ 2,400
Lease asset 491 491
Other assets 6,270 6,270
Total assets acquired 5,596,143 5,596,143
Liabilities assumed:    
Lease liabilities 492 492
Payables and other liabilities 25,906 25,906
Total liabilities assumed 5,380,770 5,380,770
Net identifiable assets acquired $ 215,373 $ 215,373
Minimum    
Liabilities assumed:    
Business combination, contingent consideration, period 2 years  
Maximum    
Liabilities assumed:    
Business combination, contingent consideration, period 3 years  
Class A LLC Units    
Consideration transferred:    
Initial equity consideration – Class A LLC Units (Note 26 - Equity) $ 24,419  
Deferred equity consideration – Class A LLC Units (Note 26 - Equity) - to be updated $ 13,137  
Liabilities assumed:    
Shares issued at closing of transaction | shares 19,692,990  
Conversion ratio 1 1
Price per share (in dollars per share) | $ / shares $ 1.24 $ 1.24
Contingent equity consideration, number of types | units 2  
Class A LLC Units, Equity Classified, Indemnity Holdback    
Consideration transferred:    
Deferred equity consideration – Class A LLC Units (Note 26 - Equity) - to be updated $ 8,700  
Total cost   $ 140,900
Liabilities assumed:    
Contingent equity consideration (in shares) | shares 7,058,416  
Contingent equity consideration, threshold (in shares) | shares 3,571,130  
Class A LLC Units, Liability Classified    
Consideration transferred:    
Deferred equity consideration – Class A LLC Units (Note 26 - Equity) - to be updated $ 4,400  
Liabilities assumed:    
Contingent equity consideration (in shares) | shares 7,142,260  
Class B Common Stock    
Consideration transferred:    
FOA Class B Common Stock (Note 26 - Equity) $ 0  
Loans held for investment, subject to HMBS related obligations    
Assets acquired:    
Loans held for investment 5,448,712 5,448,712
Loans held for investment    
Assets acquired:    
Loans held for investment 138,270 138,270
HMBS related obligations    
Liabilities assumed:    
HMBS related obligations $ 5,354,372 $ 5,354,372