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

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

v3.21.2

Mortgage Servicing Rights, at Fair Value - Summary of Servicing Portfolio and its Activities (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Servicing rights	$ 30,592,187			$ 30,592,187		$ 22,269,362
Weighted average interest rate				3.00%		3.10%
Capitalized servicing rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning balance	26,675,358	$ 22,269,362	$ 402,852	$ 22,269,362	$ 288,057	$ 288,057
Originations	5,139,859	6,312,227	6,849,850		6,986,237
Purchases	5,537	866,806
Payoffs, sales and curtailments	(1,228,567)	(2,773,037)	(40,859)		(62,451)
Changes in fair value due to:
Ending Balance	30,592,187	26,675,358	7,211,843	30,592,187	7,211,843	22,269,362
Mortgage Servicing Rights [Member]
Servicing Assets at Fair Value [Line Items]
Beginning balance	267,364	180,684	3,119	180,684	2,600	2,600
Originations	50,049	65,964	43,561		44,855
Purchases	61	9,014
Payoffs, sales and curtailments		(8,647)
Changes in fair value due to:
Changes in market inputs or assumptions used in valuation model	(16,051)	35,109	(2,749)		(3,424)
Changes in fair value due to portfolio runoff and other	(10,485)	(14,760)	(1,247)		(1,347)
Ending Balance	290,938	$ 267,364	$ 42,684	290,938	$ 42,684	180,684
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Servicing Assets at Fair Value [Line Items]
Servicing rights	29,705,985			29,705,985		20,501,504
Government National Mortgage Association Certificates and Obligations (GNMA) [Member]
Servicing Assets at Fair Value [Line Items]
Servicing rights	553,800			553,800		1,727,831
Private Investors [Member]
Servicing Assets at Fair Value [Line Items]
Servicing rights	$ 332,402			$ 332,402		$ 40,027

- Definition

Servicing asset at fair value originations.

+ References

No definition available.

+ Details

Name:	foa_ServicingAssetAtFairValueOriginations
Namespace Prefix:	foa_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- 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

+ Details

Name:	us-gaap_ServicingAsset
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- 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
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(2)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

+ Details

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

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122492-111745

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745

+ Details

Name:	us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- 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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(i)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

+ Details

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

- References

No definition available.

+ Details

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

+ Details

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

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(ii)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746

+ Details

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122596-111746

+ Details

Name:	us-gaap_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

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

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=foa_CapitalizedServicingRightsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=foa_MortgageServicingRightsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_InvestmentTypeAxis=us-gaap_FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_InvestmentTypeAxis=us-gaap_GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_InvestmentTypeAxis=foa_PrivateInvestorsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: