Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

v3.22.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 141,238 $ 233,101
Restricted cash 322,403 306,262
Loans held for investment, subject to HMBS related obligations, at fair value 10,556,054 9,929,163
Loans held for investment, subject to nonrecourse debt, at fair value 6,218,194 5,396,167
Loans held for investment, at fair value 1,031,328 730,821
Loans held for sale, at fair value 2,052,378 2,222,811
Mortgage servicing rights, at fair value, $96,073 and $14,088, subject to nonrecourse MSR financing liability, respectively 427,942 180,684
Derivative assets 48,870 92,065
Fixed assets and leasehold improvements, net 29,256 24,512
Goodwill 0 121,233
Intangible assets, net 602,900 16,931
Other assets, net 358,383 311,405
TOTAL ASSETS 21,788,946 19,565,155
LIABILITIES, CONTINGENTLY REDEEMABLE NONCONTROLLING INTEREST ("CRNCI") AND EQUITY    
HMBS related obligation, at fair value 10,422,358 9,788,668
Nonrecourse debt, at fair value 6,111,242 5,271,842
Other financing lines of credit 3,347,442 2,973,743
Payables and other liabilities 471,511 400,058
Notes payable, net 353,383 336,573
TOTAL LIABILITIES 20,705,936 18,770,884
Commitments and Contingencies (Note 26)
CRNCI (Note 28) 0 166,231
EQUITY (Note 40)    
FoA Equity Capital LLC member's equity 0 628,176
Additional paid-in capital 831,620 0
Accumulated deficit (443,613) 0
Accumulated other comprehensive (loss) income (110) 9
Noncontrolling interest 695,107 (145)
TOTAL EQUITY 1,083,010 628,040
TOTAL LIABILITIES, CRNCI AND EQUITY 21,788,946 19,565,155
Class A Common Stock    
EQUITY (Note 40)    
Common Stock Value 6 0
Class B Common Stock    
EQUITY (Note 40)    
Common Stock Value $ 0 $ 0