Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Financial Condition

v3.21.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 191,736 $ 233,101
Restricted cash 325,226 306,262
Reverse mortgage loans held for investment, subject to HMBS related obligations, at fair value 10,347,459 9,929,163
Mortgage loans held for investment, subject to nonrecourse debt, at fair value 5,939,651 5,396,167
Mortgage loans held for investment, at fair value 1,077,670 730,821
Mortgage loans held for sale, at fair value 2,047,015 2,222,811
Debt securities 7,317 10,773
Mortgage servicing rights, at fair value, $96,073 and $14,088, subject to nonrecourse MSR financing liability, respectively 340,949 180,684
Derivative assets 54,993 92,065
Fixed assets and leasehold improvements, net 29,503 24,512
Goodwill 1,298,796 121,233
Intangible assets, net 692,676 16,931
Other assets, net 315,102 300,632
TOTAL ASSETS 22,668,093 19,565,155
LIABILITIES, CONTINGENTLY REDEEMABLE NONCONTROLLING INTEREST ("CRNCI") AND EQUITY    
HMBS related obligation, at fair value 10,216,310 9,788,668
Nonrecourse debt, at fair value 5,831,083 5,271,842
Other financing lines of credit 3,325,156 2,973,743
Payables and other liabilities 509,803 400,058
Notes payable, net 353,567 336,573
TOTAL LIABILITIES 20,235,919 18,770,884
Commitments and Contingencies (Note 21)
CRNCI 0 166,231
EQUITY (Note 30)    
FoA Equity Capital LLC member's equity 0 628,176
Additional paid-in capital (Successor) 821,316  
Accumulated deficit (Successor) (48,164)  
Accumulated other comprehensive (loss) income (92) 9
Noncontrolling interest 1,659,108 (145)
TOTAL EQUITY 2,432,174 628,040
TOTAL LIABILITIES, CRNCI AND EQUITY 22,668,093 $ 19,565,155
Class A Common Stock    
EQUITY (Note 30)    
Common Stock Value 6  
TOTAL EQUITY 6  
Class B Common Stock    
EQUITY (Note 30)    
Common Stock Value 0  
TOTAL EQUITY $ 0