Finance of America Companies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - foa-20220930.htm

Variable Interest Entities and Securitizations - Narrative (Details)

v3.22.2.2

Variable Interest Entities and Securitizations - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
	Aug. 31, 2022	Feb. 28, 2022	Sep. 30, 2022	Mar. 31, 2021	Sep. 30, 2021	Sep. 30, 2022	Dec. 31, 2021
F A M Mortgage Loan
Variable Interest Entity [Line Items]
Repayments of debt	$ 337,400	$ 488,200
Charge off expenses on transferred mortgage loan			$ 0	$ 0	$ 0	$ 0
FAM \| Financial Asset 60 Days Or Less Past Due \| F A M Mortgage Loan
Variable Interest Entity [Line Items]
Mortgage loans transferred to unconsolidated securitization trusts amount			700			$ 700	$ 400
HAWT Two Thousand And Twenty One Inv One Securitization \| FAM
Variable Interest Entity [Line Items]
Percentage of beneficial interest in securitized trust						5.00%
Cavatica Asset Participation Trust \| Agricultural loans
Variable Interest Entity [Line Items]
Consolidated balance of agricultural loans			163,800			$ 163,800	118,600
Cavatica Asset Participation Trust \| Nonrecourse \| Agricultural loans
Variable Interest Entity [Line Items]
Liability transferred to the Variable interest entity Fair Value amount			$ 160,300			$ 160,300	$ 111,700
Cavatica Asset Participation Trust \| FACo
Variable Interest Entity [Line Items]
Percentage of beneficial interest in securitized trust							5.00%
Principal \| Loans Receivable \| F A M Mortgage Loan
Variable Interest Entity [Line Items]
Repayments of debt	$ 363,000	$ 506,600

- Definition

Consolidated balance of agricultural loans.

+ References

No definition available.

+ Details

Name:	foa_ConsolidatedBalanceOfAgriculturalLoans
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Mortgage loans in process transferred to unconsolidated securitization trusts ,amount.

+ References

No definition available.

+ Details

Name:	foa_MortgageLoansInProcessTransferredToUnconsolidatedSecuritizationTrustsamount
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Amount of writeoff of financing receivable, charged against allowance for credit loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)(3)
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 79
-URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922352-210448

+ Details

Name:	us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3291-108585

+ Details

Name:	us-gaap_RepaymentsOfDebt
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 6
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123419778&loc=d3e5747-111685

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph b
-URI https://asc.fasb.org/extlink&oid=123419778&loc=d3e5728-111685

+ Details

Name:	us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_VariableInterestEntityLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 5A
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123419778&loc=SL6759159-111685

+ Details

Name:	us-gaap_VariableInterestEntityOwnershipPercentage
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

- Details

Name:	us-gaap_FinancialInstrumentAxis=foa_FAMMortgageLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	dei_LegalEntityAxis=foa_FamMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancingReceivablesPeriodPastDueAxis=foa_FinancialAsset60DaysOrLessPastDueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	foa_TrustAxis=foa_HawtTwoThousandAndTwentyOneInvOneSecuritizationMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	foa_TrustAxis=foa_CavaticaAssetParticipationTrustMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=foa_AgriculturalLoansMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_RecourseStatusAxis=us-gaap_NonrecourseMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	dei_LegalEntityAxis=foa_FinanceOfAmericaCommercialLlcMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	foa_ComponentOfDebtRepaymentAxis=foa_PrincipalMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FairValueByAssetClassAxis=us-gaap_LoansReceivableMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: