Current report filing

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

v3.23.2
Acquisitions - Fair Value of Consideration Transferred, Noncontrolling Interest Equity Value, and Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
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 $ 14,071 $ 8,444
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