Annual report pursuant to Section 13 and 15(d)

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

v3.22.0.1
Acquisitions - Summary of Assets Acquired and Liability Assumed in Conjunction with the Business Combination (Detail) - USD ($)
$ in Thousands
Oct. 12, 2020
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Liabilities assumed:          
Goodwill   $ 0 $ 128,750 $ 121,233 $ 121,137
FoA Equity          
Business Acquisition [Line Items]          
Total cash consideration $ 342,270        
Blocker rollover equity 221,811        
Seller earnout contingent consideration 160,272        
Tax Receivable Agreement obligations to the seller 31,950        
Total consideration transferred 756,303        
Non-controlling interest 1,658,545        
Total equity value 2,414,848        
Assets acquired:          
Cash and cash equivalents 336,075        
Restricted cash 305,292        
Loans held for investment, subject to HMBS related obligations, at fair value 10,071,192        
Loans held for investment, subject to nonrecourse debt, at fair value 5,291,443        
Loans held for investment, at fair value 1,100,544        
Loans held for sale, at fair value 2,140,361        
Mortgage servicing rights, at fair value 267,364        
Fixed assets and leasehold improvements, net 26,079        
Intangible assets, net 717,700        
Other assets, net 404,864        
Total assets acquired 20,660,914        
Liabilities assumed:          
HMBS related obligations, at fair value 9,926,131        
Nonrecourse debt, at fair value 5,227,942        
Other financing lines of credit 3,340,345        
Payables and other liabilities 669,048        
Notes payable, net 353,924        
Total liabilities assumed 19,517,390        
Net identifiable assets acquired 1,143,524        
Goodwill $ 1,271,324