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

Mortgage Servicing Rights, at Fair Value - Summary of Servicing Portfolio and its Activities (Detail)

v3.22.1

Mortgage Servicing Rights, at Fair Value - Summary of Servicing Portfolio and its Activities (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Servicing rights	$ 34,058,558		$ 39,299,416
Weighted average interest rate	3.12%		3.03%
Changes in fair value due to:
Ending Balance		$ 26,675,358
Capitalized servicing rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning balance	$ 39,299,416	22,269,362	$ 22,269,362
Originations	4,257,281	6,312,227
Purchases	0	866,806
Sold MSRs	(8,368,734)	(1,090,267)
Portfolio runoff	(805,668)	(1,488,977)
Other	(323,737)	(193,793)
Changes in fair value due to:
Changes in fair value due to portfolio runoff and other	(323,737)	(193,793)
Ending Balance	34,058,558		39,299,416
Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning balance	427,942	180,684	180,684
Originations	53,444	65,964
Purchases	0	9,014
Other	(11,522)	(14,760)
Payoffs, sales and curtailments	(107,652)	(8,647)
Changes in fair value due to:
Changes in market inputs or assumptions used in valuation model	63,890	35,109
Changes in fair value due to portfolio runoff and other	(11,522)	(14,760)
Ending Balance	426,102	$ 267,364	427,942
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Servicing Assets at Fair Value [Line Items]
Servicing rights	31,324,584		37,079,995
Government National Mortgage Association Certificates and Obligations (GNMA) [Member]
Servicing Assets at Fair Value [Line Items]
Servicing rights	1,656,411		1,109,962
Private Investors [Member]
Servicing Assets at Fair Value [Line Items]
Servicing rights	$ 1,077,563		$ 1,109,459

- Definition

Servicing asset at fair value originations.

+ References

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Servicing asset at fair value portfolio runoff.

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- Definition

Servicing asset at fair value sales.

+ References

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- Definition

Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method.

+ References

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- Definition

The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of financial assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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- Definition

Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

+ References

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- Definition

Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.

+ References

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- Definition

Decrease in servicing assets subsequently measured at fair value resulting from conveyance of servicing rights to unrelated parties.

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Amount of increase (decrease) from changes in fair value classified as other for a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.

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- Definition

Discount rate used to estimate the fair value of servicing assets and servicing liabilities.

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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.

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