Finance of America Companies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Liquidity and Capital Requirements (Details)

v3.23.1

Liquidity and Capital Requirements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Liquidity And Capital Requirements [Line Items]
Cash and cash equivalents	$ 69,313	$ 61,149
Minimum net capital requirement	300
Policyholders' surplus	8,000
Total requirement	4,000
MISSOURI
Liquidity And Capital Requirements [Line Items]
Minimum capital and surplus	1,600
ALABAMA
Liquidity And Capital Requirements [Line Items]
Minimum capital and surplus	200
FAM
Liquidity And Capital Requirements [Line Items]
Minimum adjusted net worth balance of capital requirements	38,100
Adjusted balance of capital requirements	77,851	$ 100,907
Net worth	$ 5,000
FAR commitment with addition to net worth (in percent)	1.00%
Liquidity (in percent)	20.00%
Net worth to total assets (in percent)	6.00%
Minimum tangible net worth required	$ 164,000
Tangible capital, actual	441,400
Cash	32,800
Cash and cash equivalents	38,200
FAM \| MISSOURI
Liquidity And Capital Requirements [Line Items]
Adjusted balance of capital requirements	$ 82,600

- Definition

Adjusted balance of capital requirements.

+ References

No definition available.

+ Details

Name:	foa_AdjustedBalanceOfCapitalRequirements
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Liquidity And Capital Requirements [Line Items]

+ References

No definition available.

+ Details

Name:	foa_LiquidityAndCapitalRequirementsLineItems
Namespace Prefix:	foa_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Net worth.

+ References

No definition available.

+ Details

Name:	foa_NetWorth
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Percentage far commitment with addition to net worth.

+ References

No definition available.

+ Details

Name:	foa_PercentageFarCommitmentWithAdditionToNetWorth
Namespace Prefix:	foa_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Percentage of liquidity.

+ References

No definition available.

+ Details

Name:	foa_PercentageOfLiquidity
Namespace Prefix:	foa_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Percentage of net worth to total assets.

+ References

No definition available.

+ Details

Name:	foa_PercentageOfNetWorthToTotalAssets
Namespace Prefix:	foa_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Minimum amount of net capital required to be maintained by broker-dealer and its subsidiary, calculated under Aggregate Indebtedness Standard.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Rule 15c3-1
-Number 240
-Section 15c3-1

+ Details

Name:	srt_MinimumNetCapitalRequired1
Namespace Prefix:	srt_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount of cash and investment securities on deposit with state regulatory authorities in connection with capital requirements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 825
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=123600598&loc=SL75763979-209797

+ Details

Name:	us-gaap_AssetsHeldByInsuranceRegulators
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118262064&loc=SL116631418-115840

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section 45
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=118262064&loc=SL116631419-115840

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_Cash
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3044-108585

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Amount of minimum net worth required for mortgage banking as defined by regulatory framework.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 948
-SubTopic 10
-Section 50
-Paragraph 5
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=6490092&loc=d3e47304-110998

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 948
-SubTopic 10
-Section 50
-Paragraph 5
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=6490092&loc=d3e47304-110998

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 948
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=6490092&loc=d3e47080-110998

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 948
-SubTopic 10
-Section 50
-Paragraph 5
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6490092&loc=d3e47304-110998

+ Details

Name:	us-gaap_MinimumNetWorthRequiredForCompliance
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of policyholders' surplus excluded from calculating deferred taxes.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 25
-Paragraph 3
-Subparagraph (a)(4)
-URI https://asc.fasb.org/extlink&oid=126928070&loc=d3e28200-109314

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 740
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=6479915&loc=d3e66715-112838

+ Details

Name:	us-gaap_PolicyholdersSurplus
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of statutory capital required to be maintained as of the balance sheet date under prescribed or permitted statutory accounting practices.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 505
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=6486098&loc=d3e24708-158529

+ Details

Name:	us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of tangible capital as defined by regulatory framework.

+ References

+ Details

Name:	us-gaap_TangibleCapital
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of minimum tangible capital required for capital adequacy as defined by regulatory framework.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826

+ Details

Name:	us-gaap_TangibleCapitalRequiredForCapitalAdequacy
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Details

Name:	srt_StatementGeographicalAxis=stpr_MO
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	srt_StatementGeographicalAxis=stpr_AL
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=foa_FinanceOfAmericaMortgageLlcMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: