Quarterly report pursuant to Section 13 or 15(d)

Acquisitions - Summary of Assets Acquired and Liability Assumed in Conjunction with the Business Combination (Detail)

v3.21.2
Acquisitions - Summary of Assets Acquired and Liability Assumed in Conjunction with the Business Combination (Detail) - USD ($)
$ in Thousands
 3 Months Ended
Oct. 12, 2020
Jun. 30, 2021
Apr. 01, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Liabilities assumed:                
Goodwill   $ 1,298,324 $ 0 $ 128,750 $ 121,233 $ 121,754 $ 121,137 $ 121,137
FoA Equity                
Business Acquisition [Line Items]                
Total cash consideration $ 342,270 342,270            
Blocker rollover equity 221,811 221,811            
Seller earnout contingent consideration 160,272 160,272            
Tax Receivable Agreement obligations to the seller 31,950 31,950            
Total consideration transferred 756,303 756,303            
Non-controlling interest 1,658,545 1,658,545            
Total equity value 2,414,848 2,414,848            
Assets acquired:                
Cash and cash equivalents 336,075 336,075            
Restricted cash 305,292 305,292            
Reverse mortgage loans held for investment, subject to HMBS related obligations, at fair value 10,071,192 10,071,192            
Mortgage loans held for investment, subject to nonrecourse debt, at fair value 5,291,443 5,291,443            
Mortgage loans held for investment, at fair value 1,100,544 1,100,544            
Mortgage loans held for sale, at fair value 2,140,361 2,140,361            
Debt securities 9,230 9,230            
Mortgage servicing rights, at fair value 267,364 267,364            
Derivative assets 116,479 116,479            
Fixed assets and leasehold improvements, net 26,079 26,079            
Intangible assets, net 717,700 717,700            
Other assets, net 279,155 279,155            
Total assets acquired 20,660,914 20,660,914            
Liabilities assumed:                
HMBS related obligations, at fair value 9,926,131 9,926,131            
Nonrecourse debt, at fair value 5,227,942 5,227,942            
Other financing lines of credit 3,340,345 3,340,345            
Payables and other liabilities 669,048 669,048            
Notes payable, net 353,924 353,924            
Total liabilities assumed 19,517,390 19,517,390            
Net identifiable assets acquired 1,143,524 1,143,524            
Goodwill $ 1,271,324 $ 1,271,324