Finance of America Companies Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 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 - Additional information (Detail)

v3.22.0.1

Liquidity and Capital Requirements - Additional information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Liquidity And Capital Requirements [Line Items]
Minimum net capital requirement	$ 0.3
Policyholders' Surplus	8.0
Total requirement	3.9
State of Missouri
Liquidity And Capital Requirements [Line Items]
Minimum capital and surplus	1.6
State of Alabama
Liquidity And Capital Requirements [Line Items]
Minimum capital and surplus	0.2
Finance of America Mortgage LLC
Liquidity And Capital Requirements [Line Items]
Minimum adjusted net worth balance of capital requirements	$ 154.5
Description of factors that may affect minimum net worth requirements	The net worth required is $5.0 million plus 1% of FAR’s commitment authority from Ginnie Mae. The liquidity requirement is for 20% of FAR’s required net worth to be in the form of cash or cash equivalent assets. FAR is required to maintain a ratio of 6% of net worth to total assets.
Minimum tangible net worth required	$ 104.4
Tangible capital, actual	521.3
Net worth	$ 5.0
Percentage FAR commitment with addition to net worth	1.00%
Percentage of liquidity	20.00%
Percentage of net worth to total assets	6.00%
Finance of America Mortgage LLC \| State of Missouri
Liquidity And Capital Requirements [Line Items]
Adjusted balance of capital requirements	$ 215.0

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Net worth.

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Percentage of net worth to total assets.

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

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-Publisher SEC
-Name Rule 15c3-1
-Number 240
-Section 15c3-1

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

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Disclosure for all mortgage companies, containing a description of factors that may affect adequacy of minimum net worth requirements such as potentially volatile components of capital, qualitative factors, and regulatory mandates.

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

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Amount of tangible capital as defined by regulatory framework.

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