Finance Of America Companies (FOA) 10-Q10 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	May 09, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Registrant Name	FINANCE OF AMERICA COMPANIES INC.
Entity Central Index Key	0001828937
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		62,322,681
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity File Number	001-40308
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-3474065
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	5830 Granite Parkway
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75024
City Area Code	877
Local Phone Number	202-2666
Class A common stock
Document Information [Line Items]
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	FOA
Security Exchange Name	NYSE
Warrant to purchase
Document Information [Line Items]
Title of 12(b) Security	Warrants to purchase shares of Class A Common Stock
Trading Symbol	FOA.WS
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 226,846	$ 141,238
Restricted cash	315,980	322,403
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value	10,672,152	10,556,054
Loans held for investment, subject to nonrecourse debt, at fair value	6,235,990	6,218,194
Loans held for investment, at fair value	1,218,990	1,031,328
Loans held for sale, at fair value	1,709,357	2,052,378
Mortgage servicing rights ("MSRs"), at fair value, $163,981 and $142,435, subject to nonrecourse MSRs financing liability, respectively	426,102	427,942
Derivative assets	281,205	48,870
Fixed assets and leasehold improvements, net	29,933	29,256
Intangible assets, net	589,092	602,900
Other assets, net	372,260	358,383
TOTAL ASSETS	22,077,907	21,788,946
LIABILITIES AND EQUITY
HMBS related obligations, at fair value	10,548,131	10,422,358
Nonrecourse debt, at fair value	6,323,777	6,111,242
Other financing lines of credit	3,189,756	3,347,442
Payables and other liabilities	630,952	471,511
Notes payable, net	353,196	353,383
TOTAL LIABILITIES	21,045,812	20,705,936
Commitments and Contingencies (Note 20)
EQUITY (Note 27)
Additional paid-in capital	845,002	831,620
Accumulated deficit	(452,106)	(443,613)
Accumulated other comprehensive loss	(99)	(110)
Noncontrolling interest	639,292	695,107
TOTAL EQUITY	1,032,095	1,083,010
TOTAL LIABILITIES AND EQUITY	22,077,907	21,788,946
Class A Common Stock
EQUITY (Note 27)
Common Stock Value	6	6
Class B Common Stock
EQUITY (Note 27)
Common Stock Value	$ 0	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Mortgage servicing rights, at fair value	$ 163,981	$ 142,435
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	6,000,000,000	6,000,000,000
Common stock, shares issued	60,815,569	60,815,569
Common stock, shares outstanding	60,815,569	60,815,569
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares issued	15	15
Common stock, shares outstanding	15	15

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Financial Condition (Variable Interest Entities) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Restricted cash	$ 315,980	$ 322,403
Loans held for investment, subject to nonrecourse debt, at fair value	1,218,990	1,031,328
TOTAL ASSETS	22,077,907	21,788,946
LIABILITIES
Nonrecourse debt, at fair value	6,323,777	6,111,242
TOTAL LIABILITIES	21,045,812	20,705,936
Variable Interest Entity, Primary Beneficiary
ASSETS
Restricted cash	303,232	311,652
Loans held for investment, subject to nonrecourse debt, at fair value	6,103,454	6,099,607
Other assets	73,701	67,593
TOTAL ASSETS	6,480,387	6,478,852
LIABILITIES
Nonrecourse debt, at fair value	6,032,156	5,857,069
Payables and other liabilities	633	428
TOTAL LIABILITIES	6,032,789	5,857,497
Net fair value of assets subject to nonrecourse debt	$ 447,598	$ 621,355

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
REVENUES
Gain on sale and other income from loans held for sale, net	$ 118,352	$ 291,334
Net fair value gains on loans and related obligations	10,435	76,663
Fee income	157,604	161,371
Net interest expense:
Interest income	13,873	12,661
Interest expense	(32,830)	(34,366)
Net interest expense	(18,957)	(21,705)
TOTAL REVENUES	267,434	507,663
EXPENSES
Salaries, benefits and related expenses	209,076	238,530
Occupancy, equipment rentals and other office related expenses	7,837	7,597
General and administrative expenses	132,623	127,187
TOTAL EXPENSES	349,536	373,314
OTHER, NET	4,772	(8,892)
NET INCOME (LOSS) BEFORE INCOME TAXES	(77,330)	125,457
Provision (benefit) for income taxes	(13,335)	1,137
NET INCOME (LOSS)	(63,995)	124,320
Contingently Redeemable Noncontrolling Interest ("CRNCI")	0	4,260
Noncontrolling interest	(55,502)	201
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST	$ (8,493)	$ 119,859
EARNINGS PER SHARE (Note 26)
Basic weighted average shares outstanding	60,773,891	0
Basic net loss per share	$ (0.14)	$ 0
Diluted weighted average shares outstanding	189,448,936	0
Diluted net loss per share	$ (0.30)	$ 0

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
NET INCOME (LOSS)	$ (63,995)	$ 124,320
Impact of foreign currency translation adjustment	11	(11)
TOTAL COMPREHENSIVE INCOME (LOSS)	(63,984)	124,309
Less: Net income (loss) attributable to the noncontrolling interest and CRNCI	(55,495)	4,461
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST	$ (8,489)	$ 119,848

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Retained Earnings	FoA Equity Capital LLC Member's Equity	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Class A Common StockCommon Stock	Class B Common StockCommon Stock
Balance at beginning of period at Dec. 31, 2020	$ 628,040			$ 628,176	$ 9	$ (145)
Net income	124,320
Contributions from members	1,426			1,426
Distributions to members	(75,000)			(75,000)
Noncontrolling interest distributions	(620)					(620)
Net income	120,060			119,859		201
Accretion of CRNCI to redemption price	(32,725)			(32,725)
Foreign currency translation adjustment	(11)				(11)
Balance at end of period at Mar. 31, 2021	641,170			$ 641,736	(2)	(564)
Balance at beginning of period at Dec. 31, 2021	1,083,010	$ 831,620	$ (443,613)		(110)	$ 695,107	$ 6	$ 0
Balance at beginning of period (in shares) at Dec. 31, 2021						128,693,867	60,755,069	15
Net income	(63,995)	0	(8,493)		0	$ (55,502)
Equity based compensation, net	13,104	13,104
Conversion of LLC Units for Class A Common Stock (Note 27 - Equity)	(25)	230				$ (255)
Conversion of LLC Units for Class A Common Stock (Note 27 - Equity) (shares)						(49,696)	49,696
Settlement of long term incentive plan ("LTIP") Restricted Stock Units ("RSUs"), net (Note 26 - Earnings Per Share)	(10)	48				$ (58)
Settlement of long term incentive plan ("LTIP") Restricted Stock Units ("RSUs"), net (Note 26 - Earnings Per Share) (shares)						(10,804)	10,804
Foreign currency translation adjustment	11				11
Balance at end of period at Mar. 31, 2022	$ 1,032,095	$ 845,002	$ (452,106)		$ (99)	$ 639,292	$ 6	$ 0
Balance at end of period (in shares) at Mar. 31, 2022						128,633,367	60,815,569	15

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income (loss)	$ (63,995)	$ 124,320
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	387,736	(6,277)
Net cash provided by operating activities	323,741	118,043
Investing Activities
Purchases and originations of loans held for investment	(1,848,155)	(1,151,925)
Proceeds/payments received on loans held for investment	614,074	677,777
Purchases and origination of loans held for investment, subject to nonrecourse debt	(30,342)	(12,247)
Proceeds/payments on loans held for investment, subject to nonrecourse debt	585,148	217,452
Purchases of debt securities	(9,159)	(557)
Proceeds/payments on debt securities	519	2,096
Purchases of mortgage servicing rights	0	(9,014)
Proceeds on sale of mortgage servicing rights	96,887	7,765
Acquisition of subsidiaries, net of cash acquired	0	(749)
Acquisition of fixed assets	(4,176)	(4,178)
Debtor in possession ("DIP") Financing	0	(35,260)
Other investing activities, net	(4,901)	(3,207)
Net cash used in investing activities	(600,105)	(312,047)
Financing Activities
Proceeds from issuance of HMBS related obligations	948,682	602,172
Payments of HMBS related obligations	(737,327)	(506,142)
Proceeds from issuance of nonrecourse debt	1,114,665	579,518
Payments on nonrecourse debt	(812,572)	(658,300)
Proceeds from other financing lines of credit	7,434,937	10,027,696
Payments on other financing lines of credit	(7,592,623)	(9,660,588)
Debt issuance costs	(234)	(2,467)
Member distributions	0	(75,000)
Other financing activities, net	10	806
Net cash provided by financing activities	355,538	307,695
Foreign currency translation adjustment	11	(7)
Net increase in cash and restricted cash	79,185	113,684
Cash and restricted cash, beginning of period	463,641	539,363
Cash and restricted cash, end of period	542,826	653,047
Supplementary Cash Flows Information
Cash paid for interest	55,142	50,071
Cash paid for income taxes, net	22	63
Loans transferred to loans held for investment, at fair value, from loans held for investment, subject to nonrecourse debt, at fair value	478,208	283,499
Loans transferred to loans held for investment, subject to nonrecourse debt, at fair value from loans held for investment, at fair value	1,366,898	272,098
Loans transferred to loans held for investment, subject to HMBS, at fair value, from loans held for investment, at fair value	773,959	0
Loans transferred to loans held for investment, at fair value, from loans held for sale, at fair value	$ 0	$ 42,909

Organization and Description of

Organization and Description of Business	3 Months Ended
Organization and Description of Business	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	1. Organization and Description of Business Finance of America Companies Inc. (“FoA”, “Company”, or “Successor”) was incorporated in Delaware on October 9, 2020. FoA is a financial services holding company which, through its operating subsidiaries, is a leading originator and servicer of residential mortgage loans and provider of complementary financial services. FoA has a controlling financial interest in Finance of America Equity Capital LLC (“FoA Equity” or “Predecessor”). FoA Equity owns all of the outstanding equity interests in Finance of America Funding LLC (“FOAF”). FOAF wholly owns Finance of America Holdings LLC (“FAH”) and Incenter LLC (“Incenter” and collectively, with FoA Equity, FOAF and FAH, known as “holding company subsidiaries”). The Company, through its holding company subsidiary, FAH, operates two lending companies, FAM and FAR (collectively, the “operating lending subsidiaries”). Effective January 1, 2022, the Company’s operating lending subsidiary Finance of America Commercial LLC (“FACo”), which previously operated as a separate operating lending subsidiary under FAH, merged with FAM, with FAM being the surviving operating lending subsidiary. Through FAM and FAR, the Company originates, purchases, sells and securitizes conventional (conforming to the underwriting standards of Fannie Mae (“FNMA”) or Freddie Mac (“FHLMC”); collectively referred to as government sponsored entities (“GSEs”)), government-insured (FHA), government guaranteed (VA), and proprietary non-agency Impact of the COVID-19 The COVID-19 COVID-19 re-open COVID-19 COVID-19 of unpaid principal balance of the companies total residential mortgage servicing portfolio is in forbearance as a result of the economic impacts caused by COVID-19.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements comprise the financial statements of FoA and its controlled subsidiaries for the Successor three months ended March 31, 2022, and the financial statements of FoA Equity and its controlled subsidiaries for the Predecessor three months ended March 31, 2022. The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). In the opinion of the Company, the accompanying financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of its financial condition as of March 31, 2022, and its results of operations and cash flows for the three months ended March 31, 2022 and 2021. The Condensed Consolidated Statement of Financial Condition at December 31, 2021 was derived from audited financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the interim period are not necessarily indicative of the results that may be expected for any future period or for the full year. The condensed consolidated interim financial statements, including the significant accounting policies, should be read in conjunction with the annual 10-K 10-K The significant accounting policies, together with the other notes that follow, are an integral part of the condensed consolidated financial statements. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates and assumptions due to factors such as changes in the economy, interest rates, secondary market pricing, prepayment assumptions, home prices or discrete events affecting specific borrowers, and such differences could be material. Recently Adopted Accounting Guidance Standard Description Effective Date Effect on Condensed Consolidated ASU 2021-04, 470-50), 815-40): The amendments in this Update affect all entities that issue freestanding written call options that are classified in equity. Specifically, the amendments affect those entities when a freestanding equity-classified written call option is modified or exchanged and remains equity classified after the modification or exchange. The amendments that relate to the recognition and measurement of EPS for certain modifications or exchanges of freestanding equity-classified written call options affect entities that present EPS in accordance with the guidance in Topic 260, Earnings Per Share. January 1, 2022 The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures, as the Company does not currently issue freestanding written call options. Recently Issued Accounting Guidance, Not Yet Adopted as of March 31, 2022 Standard Description Date of Planned Effect on Condensed Consolidated ASU 2020-04, The amendments in this Update provide temporary optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference London Inter-Bank Offered Rate (“LIBOR”) or other interbank offered rates expected to be discontinued. TBD This ASU is effective from March 12, 2020 through December 31, 2024. The Company continues to monitor the impact associated with reference rate reform, and will apply the amendments in this update to account for contract modifications due to changes in reference rates once those occur. The adoption of this standard is not expected to have a material impact on our condensed consolidated financial statements and related disclosures. ASU 2021-01, In January 2021, FASB issued an Update which refines the scope of ASU Topic 848 and clarifies the guidance issued to facilitate the effects of reference rate reform on financial reporting. The amendment permits entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, computing variation margin settlements and calculating price alignment interest in connection with reference rate reform activities. ASU 2021-08, In October 2021, the FASB issued ASU 2021-08 January 1, 2023 This ASU is effective for all business combinations occurring after January 1, 2023. Adoption of this standard is not expected to have a material impact on our condensed consolidated financial statements and related disclosures.

Variable Interest Entities and

Variable Interest Entities and Securitizations	3 Months Ended
Variable Interest Entities and Securitizations	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities and Securitizations	3. Variable Interest Entities and Securitizations The Company determined that the special purpose entities (“SPEs”) created in connection with its securitizations are variable interest entities (“VIEs”). A VIE is an entity that has either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary, which is the entity that, through its variable interests has both the power to direct the activities that significantly impact the VIE’s economic performance and the obligations to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Consolidated VIEs FAR FAR securitizes certain of its interests in nonperforming reverse mortgages and non-agency one-to-four-family In February 2022, FAR executed its optional redemption of outstanding securitized notes related to outstanding nonperforming home equity conversion mortgage (“HECM”) securitizations. As part of the optional redemption, FAR paid off notes with an outstanding principal balance of $488.2 million. The notes were paid off at par. As a result of the optional redemption, FAR will no longer be required to consolidate this securitization trust and the outstanding loans with unpaid principal balance of $506.6 million will be included in Loans held for investment at fair value in the Condensed Consolidated Statements of Financial Condition unless included in a subsequent securitization. FAM FAM (prior to January 1, 2022, through “FACo”) securitizes certain of its interests in fix & flip mortgages. The transactions provide debt security holders the ability to invest in a pool of loans secured by an investment in real estate. The transactions provide the Company with access to liquidity for the loans and ongoing management fees. The principal and interest on the outstanding debt securities are paid using the cash flows from the underlying loans, which serve as collateral for the debt. Servicing Securitized Loans In their capacity as servicer of the securitized loans, FAM (prior to January 1, 2022, through FACo) and FAR retain the power to direct the VIE’s activities that most significantly impact the VIEs economic performance. FAM (prior to January 1, 2022, through FACo) and FAR also retain certain beneficial interests in these trusts which provide exposure to potential gains and losses based on the performance of the trust. As FAM (prior to January 1, 2022, through FACo) and FAR have both the power to direct the activities that significantly impact the VIE’s economic performance and the obligations to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, the definition of primary beneficiary is met and the trusts are consolidated by the Company through its FAM (prior to January 1, 2022, FACo) and FAR subsidiaries. Certain obligations may arise from the agreements associated with transfers of loans. Under these agreements, the Company may be obligated to repurchase the loans, or otherwise indemnify or reimburse the investor for losses incurred due to material breach of contractual representations and warranties. There were no charge-offs associated with these transferred mortgage loans related to the standard securitization representations and warranties obligations for the Successor three months ended March 31, 2022, or the Predecessor period from January 1, 2021 to March 31, 2021. The following table presents the assets and liabilities of the Company’s consolidated VIEs, which are included in the Condensed Consolidated Statements of Financial Condition and excludes intercompany balances, except for retained bonds and beneficial interests (in thousands): March 31, December 31, ASSETS Restricted cash $ 303,232 $ 311,652 Loans held for investment, subject to nonrecourse debt, at fair value 6,103,454 6,099,607 Other assets, net 73,701 67,593 TOTAL ASSETS $ 6,480,387 $ 6,478,852 LIABILITIES Nonrecourse debt, at fair value $ 6,268,232 $ 6,088,298 Payables and other liabilities 633 428 TOTAL VIE LIABILITIES 6,268,865 6,088,726 Retained bonds and beneficial interests eliminated in consolidation (236,076 ) (231,229 ) TOTAL CONSOLIDATED LIABILITIES $ 6,032,789 $ 5,857,497 Unconsolidated VIEs FAM Hundred Acre Wood trust (“HAWT”) FAM securitizes certain of its interests in agency-eligible residential mortgage loans. The transactions provide investors with the ability to invest in a pool of mortgage loans secured by one-to-four-family FAM’s continuing involvement with and exposure to loss from the VIE includes the carrying value of the retained bond, the servicing asset recognized in the sale of the loans, servicing advances in the role as servicer, and obligations under representations and warranties contained in the loan sale agreements. Creditors of the VIE have no recourse to FAM’s assets or general credit. The underlying performance of the mortgage loans transferred has a direct impact on the fair values and cash flows of the beneficial interests held and the servicing asset recognized. The following table presents a summary of the outstanding collateral and certificate balances for securitization trusts for which the Company was the transferor and that were not consolidated by the Company (in thousands): March 31, December 31, Unconsolidated securitization trusts: Total collateral balances – UPB $ 1,056,341 $ 1,085,340 Total certificate balances $ 1,056,341 $ 1,085,340 As of March 31, 2022 and December 31, 2021, there were $0.7 million and $0.4 million, respectively, of mortgage loans transferred by the Company to unconsolidated securitization trusts that are 90 days or more past due. Cavatica Asset Participation Trust (“CAPT”) In December 2021, FACo established the CAPT for the purpose of securitizing agricultural loans. In 2021, FACo executed CAPT-2021, where its beneficial interest in the securitization is limited to its Issuer Residual Interest Certificates, a 5% eligible vertical interest in the Trust. The Company determined that the securitization structures meets the definition of a VIE and concluded that the Company does not hold a significant variable interest in the securitizations and the Company does not have the power to direct the activities that most significantly affect the economic performance of the VIEs. However, the transfer of the loans to the VIEs was determined not to be a sale. As such, the Company continues to recognize and consolidate the loans and the related nonrecourse liability, with the retained bonds being eliminated against the nonrecourse liability in consolidation. The Company’s continuing involvement with and exposure to loss from the VIE includes the carrying value of the retained bond, the retained loans, debt servicing of the related nonrecourse liability, servicing advances in the role as servicer, and obligations under representations and warranties contained in the loan sale agreements. Creditors of the VIE have no recourse to the Company’s assets or general credit. The underlying performance of the mortgage loans held has a direct impact on the fair values and cash flows of the beneficial interests held. As of March 31, 2022, the consolidated balance of the agricultural loans transferred to the VIE and the related nonrecourse liability had a fair value of $132.5 million and $127.6 million, respectively.

Fair Value

Fair Value	3 Months Ended
Fair Value	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	4. Fair Value Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on the assumptions market participants would use when pricing an asset or liability and follows a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy gives the highest priority to quoted prices available in active markets (i.e., observable inputs) and the lowest priority to data lacking transparency (i.e., unobservable inputs). In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. An instrument’s categorization within the fair value hierarchy is based on the lowest level of significant input to its valuation. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. All aspects of nonperformance risk, including the Company’s own credit standing, are considered when measuring the fair value of a liability. Following is a description of the three levels: Level 1 Inputs: Quoted prices for identical instruments in active markets. Level 2 Inputs: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs: Instruments with unobservable inputs that are significant to the fair value measurement. The Company classifies assets and liabilities in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company recognizes transfers between levels of the fair value hierarchy as of the end of the reporting period. There were no transfers within the hierarchy for the Successor three months ended March 31, 2022 or for the Predecessor period from January 1, 2021 to March 31, 2021. Following are descriptions of the valuation methodologies used to measure material assets and liabilities at fair value and the details of the valuation models, key inputs to those models and significant assumptions utilized. Within the assumption tables presented, not meaningful (“NM”) refers to a range of inputs that is too broad to provide meaningful information to the user or to an input that has no range and consists of a single data point. Loans Held for Investment, Subject to HMBS Related Obligations, at Fair Value HECM loans securitized into Ginnie Mae HMBS are not actively traded in open markets with readily observable market prices. The Company values HECM loans securitized into Ginnie Mae HMBS utilizing a present value methodology that discounts estimated projected cash flows over the life of the loan portfolio using prepayment, loss frequency and severity, borrower mortality, borrower draw and discount rate assumptions management believes a market participant would use in estimating fair value. Changes to any of these assumptions could result in significantly different valuation results. The Company classifies reverse mortgage loans held for investment as Level 3 assets within the GAAP hierarchy, as they are dependent on unobservable inputs. The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of loans held for investment, subject to HMBS related obligations, for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 21.6 % NM 20.8 % Loss frequency NM 4.2 % NM 4.5 % Loss severity 2.4% - 6.9 % 2.6 % 3.1% - 7.7 % 3.3 % Discount rate NM 3.4 % NM 2.4 % Average draw rate NM 1.1 % NM 1.1 % The Company aggregates loan portfolios based upon the underlying securitization trust and values these loans using these aggregated pools. The range of inputs provided above are based upon the range of inputs utilized for each securitization trust. Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value Reverse Mortgage Loans Reverse mortgage loans held for investment, subject to nonrecourse debt, include HECM loans previously purchased out of Ginnie Mae HMBS pools and non FHA-insured HECM Buyouts—Securitized (Nonperforming) The Company values nonperforming securitized HECM buyouts, performing securitized HECM buyouts, and securitized non-agency reverse mortgage loans utilizing a present value methodology that discounts estimated projected cash flows over the life of the portfolio. The Company aggregates loan portfolios based upon the underlying securitization trust and values these loans using these aggregated pools. The range of inputs provided are based upon the range of inputs utilized for each securitization trust. 22 The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of nonperforming securitized HECM buyouts for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 39.7 % NM 41.2 % Loss frequency NM 60.5 % 25.0% - 100 % 59.5 % Loss severity 2.4% - 6.9 % 3.1 % 3.1% -7.7 % 4.3 % Discount rate NM 5.8 % NM 4.1 % HECM Buyouts—Securitized (Performing) T he following table presents the weighted average significant unobservable assumptions used in the fair value measurement of performing securitized HECM buyouts for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) NM 9.0 NM 9.0 Conditional repayment rate NM 13.4 % NM 13.3 % Loss severity 2.4% - 6.9 % 6.9 % 3.1% - 7.7 % 7.7 % Discount rate NM 5.0 % NM 3.7 % Non-Agency T non-agency March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) NM 7.8 NM 7.5 Loan to value 0.1% - 69.0 % 43.1 % 0.1% - 64.7 % 43.4 % Conditional repayment rate NM 17.5 % NM 18.6 % Loss severity NM 10.0 % NM 10.0 % Home price appreciation -4.3% - 15.8 % 4.7 % -4.6% - 14 % 4.7 % Discount rate NM 4.9 % NM 3.6 % Commercial Mortgage Loans Fix & Flip—Securitized The securitized Fix & Flip loans are short-term loans for individual real estate investors, with terms ranging from 9—24 months. This product is valued using a discounted cash flow (“DCF”) model. The Company classifies these mortgage loans as Level 3 assets within the GAAP hierarchy. The Company utilized the following weighted average assumptions in estimating the fair value of securitized Fix & Flip mortgage loans for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (SMM) NM 14.4 % NM 14.1 % Discount rate NM 7.5 % NM 5.7 % Loss frequency 0.3% - 72.9 % 0.6 % 0.3% - 69.0 % 0.6 % The Company aggregates loan portfolios based upon the underlying securitization trust and values these loans using these aggregated pools. The range of inputs provided above are based upon the range of inputs utilized for each securitization trust. Loans Held for Investment, at Fair Value Reverse Mortgage Loans Reverse mortgage loans held for investment, at fair value, consists of originated or purchased HECM and non-agency Originated or purchased HECM loans held for investment are valued predominantly by utilizing forward HMBS prices for similar pool characteristics and based on observable market data. These amounts are further adjusted to include future cash flows that would be earned for servicing the HECM loan over the life of the asset. Unsecuritized tails consists of performing and nonperforming repurchased loans. The fair value of performing unsecuritized tails are valued at current pricing levels for similar Ginnie Mae HMBS. The fair value of nonperforming unsecuritized tails is based on expected claim proceeds from the U.S Department of Housing and Urban Development (“HUD”) upon assignment of the loans. The fair value of repurchased loans is based on expected cash proceeds of the liquidation of the underlying properties and expected claim proceeds from HUD. The primary assumptions utilized in valuing nonperforming repurchased loans include loss frequency and loss severity. Termination proceeds are adjusted for expected loss frequencies and severities to arrive at net proceeds that will be provided upon final resolution, including assignments to FHA. Historical experience is utilized to estimate the loss rates resulting from scenarios where FHA insurance proceeds are not expected to cover all principal and interest outstanding and, as servicer, the Company is exposed to losses upon resolution of the loan. The Company classifies reverse mortgage loans held for investment, at fair value as Level 3 assets within the GAAP hierarchy. Inventory Buyouts The Company values Inventory Buyouts utilizing a present value methodology that discounts estimated projected cash flows over the life of the portfolio. The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of Inventory Buyouts classified as loans held for investment, at fair value for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 44.9 % NM 43.2 % Loss frequency NM 68.3 % NM 59.4 % Loss severity 2.4% -6.9 % 4.9 % 3.1% - 7.7 % 3.8 % Discount rate NM 5.8 % NM 4.1 % Non-Agency The fair value of non-agency The Company values non-agency The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of non-agency March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) NM 9.9 NM 9.2 Loan to value 2.9% - 69.1 % 47.2 % 0.2% - 68.7 % 47.8 % Conditional repayment rate NM 13.6 % NM 14.8 % Loss severity NM 10.0 % NM 10.0 % Home price appreciation -4.3% - 15.8 % 4.3 % -4.6% - 14.0 % 4.4 % Discount rate NM 4.9 % NM 3.6 % Commercial Mortgage Loans Fix & Flip The Fix & Flip loans are short-term loans for individual real estate investors, with terms ranging from 9—24 months. This product is valued using a DCF model. The Company classifies these mortgage loans as Level 3 assets within the GAAP hierarchy. The Company utilized the following weighted average assumptions in estimating the fair value of Fix & Flip loans for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (SMM) NM 11.2 % NM 11.9 % Discount rate 7.5% - 10.9 % 7.6 % 5.7% - 10.0 % 5.9 % Loss frequency NM 0.4 % NM 0.4 % Agricultural Loans The agricultural loans are government-insured loans made to farmers to fund their inputs and operating expenses for the upcoming growing season with terms ranging from 7 - 17 months. The product is valued using a DCF model. The Company classifies these loans as Level 3 assets within the GAAP hierarchy. The Company utilized the following assumptions in estimating the fair value of agricultural loans for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Discount rate NM 6.2 % NM 4.8 % Prepayment rate (SMM) 9.0% - 100.0 % 19.6 % 9.0% - 100.0 % 22.1 % Default rate (CDR) 0.0% - 1.0 % 0.9 % 0% - 0.7 % 0.9 % Loans Held for Sale, at Fair Value Residential and Commercial Mortgage Loans Mortgage loans held for sale include residential and commercial mortgage loans originated by the Company and held until sold to secondary market investors. Residential Mortgage Loans The Company originates or purchases mortgage loans in the U.S. that it intends to sell to FNMA, FHLMC, and Ginnie Mae (collectively “the Agencies”). Additionally, the Company originates or purchases mortgage loans in the U.S. that it intends to sell into the secondary markets via whole loan sales. Mortgage loans held for sale are typically pooled and sold into certain exit markets, depending upon underlying attributes of the loan, such as agency eligibility, product type, interest rate, and credit quality. In addition, the Company may originate loans that do not meet specific underwriting criteria and are not eligible to be sold to the Agencies. Two valuation methodologies are used to determine the fair value of mortgage loans held for sale. The methodology used depends on the exit market as described below: Loans valued using observable market prices for identical or similar assets non-agency counterparty (which approximates fair value), or quoted market prices for similar loans are available. The Company classifies these valuations as Level 2 assets within the GAAP hierarchy. During periods of illiquidity of the mortgage marketplace, it may be necessary to look for alternative sources of value, including the whole loan purchase market for similar loans, and place more reliance on the valuations using internal models. Due to limited sales activity and periodically unobservable prices in certain of the Company’s markets, certain mortgage loans held for sale portfolios may transfer from Level 2 to Level 3 in future periods. Loans valued using internal models Commercial Mortgage Loans The Company primarily originates two separate commercial loan products that it classifies as held for sale: Single Rental Loan (“SRL”) and Portfolio Lending. SRL The SRL product is designed for small/individual real estate investors looking to purchase and then rent out a single property. These are 30-year The Company utilized the following weighted average assumptions in estimating the fair value of SRL mortgage loans held for sale for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (CPR) 18.0% - 25.0 % 18.3 % 1.0% - 17.1 % 14.2 % Discount rate NM 5.1 % NM 3.3 % Default rate (CDR) NM 1.0 % 1.0% - 57.2 % 2.2 % Portfolio Lending The Portfolio Lending product is designed for larger investors with multiple properties. Specifically, these loans are useful for consolidating multiple rental property mortgages into a single loan. These loans have fixed coupons that typically range from 5.0%—6.2%, with 5 and 10-year 30-year The Company utilized the following weighted average assumptions in estimating the fair value of Portfolio Lending mortgage loans held for sale for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (CPR) 0.0% - 22.6 % 13.0 % 0.0% - 14.5 % 8.7 % Discount rate NM 4.9 % NM 3.9 % Default rate (CDR) NM 1.0 % 1.0% - 54.0 % 3.2 % Fix & Flip The Fix & Flip loans are short-term loans for individual real estate investors, with terms ranging from 9-24 months. This product is valued using a DCF model. The Company classifies these mortgage loans as Level 3 assets within the GAAP hierarchy. MSRs As of March 31, 2022 and December 31, 2021, the Company valued MSRs internally. The significant assumptions utilized to determine fair value are projected prepayments using the Public Securities Association Standard Prepayment Model, discount rates, and projected servicing costs that vary based on the loan type and delinquency. The Company classifies these valuations as Level 3 assets within the GAAP hierarchy since they are dependent on unobservable inputs. Fair value is derived through a DCF analysis and calculated using a computer pricing model. This computer valuation is based on the objective characteristics of the portfolio (loan amount, note rate, etc.) and commonly used industry assumptions (Prepayment speed assumptions (“PSA”), discount rate, etc.). The assumptions taken into account by the pricing model are those which many active purchasers of servicing employ in their evaluations of portfolios for sale in the secondary market. The unique characteristics of the secondary servicing market often dictate adjustments to parameters over short periods of time. Fair value is defined as the estimated price at which the servicing rights would change hands in the marketplace between a willing buyer and seller. The valuation assumes that neither party would be under any compulsion to buy or sell and that each has reasonably complete and accurate knowledge of all relevant aspects of the offered servicing. The fair values represented in this analysis have been derived under the assumptions that sufficient time would be available to market the portfolio. The following tables summarize certain information regarding the servicing portfolio of retained MSRs for the periods indicated: March 31, December 31, Capitalization servicing rate 1.3 % 1.1 % Capitalization servicing multiple 5.0 4.4 Weighted average servicing fee (in basis points) 26 25 The Company utilized the following weighted average assumptions in estimating the fair value of MSRs: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average prepayment speed (CPR) 0.1% - 10.5 % 6.7 % 0% - 12.8 % 8.3 % Discount rate NM 8.3 % NM 8.5 % Weighted average delinquency rate 0.8% - 12.4 % 1.4 % 0.8% - 14.3 % 1.3 % The following table summarizes the estimated change in the fair value of MSRs from adverse changes in the significant assumptions (in thousands): March 31, 2022 Weighted Discount Weighted Impact on fair value of 10% adverse change $ (9,330 ) $ (15,406 ) $ (481 ) Impact on fair value of 20% adverse change $ (18,140 ) $ (29,748 ) $ (963 ) These sensitivities are hypothetical and should be evaluated with care. The effect on fair value of a 10% variation in assumptions generally cannot be determined because the relationship of the change in assumptions to the fair value may not be linear. Additionally, the impact of a variation in a particular assumption on the fair value is calculated while holding other assumptions constant. In reality, changes in one factor may lead to changes in other factors, which could impact the above hypothetical effects. Investments, at Fair Value The Company invests in the equity of other companies in the form of common stock, preferred stock, or other in-substance Derivative Assets and Liabilities Some of the derivatives held by the Company are exchange-traded or traded within highly active dealer markets. In order to determine the fair value of these instruments, the Company utilizes the exchange price or dealer market price for the particular derivative contract; therefore, these contracts are classified as Level 1 in the fair value hierarchy. The Company executes derivative contracts, including forward commitments, TBAs, interest rate swaps, and interest rate swap futures, as part of its overall risk management strategy related to its mortgage, reverse mortgage and commercial loan portfolios. The value of the forward commitments is estimated using current market prices for HMBS and are considered Level 2 in the fair value hierarchy. TBAs are valued based on forward dealer marks from the Company’s approved counterparties and are considered Level 2 in the fair value hierarchy. The value of interest rate swaps and interest rate swap futures is based on the exchange price or dealer market prices. The Company classifies interest rate swaps as Level 2 in the fair value hierarchy. The Company classifies interest rate swap futures as Level 1 in the fair value hierarchy. The value of the forward MBS is based on forward prices with dealers in such securities or internally-developed third party models utilizing observable market inputs. The Company classifies forward MBS as Level 2 in the fair value hierarchy. In addition, the Company enters into IRLCs with prospective borrowers. Commitments to fund residential mortgage loans with potential borrowers are a binding agreement to lend funds at a specified interest rate within a specified period of time. The fair value of IRLCs is derived from the fair value of similar mortgage loans or bonds, which is based on observable market data. Changes to the fair value of IRLCs are recognized based on changes in interest rates, changes in the probability that the commitment will be exercised (pull through factor), and the passage of time. The expected net future cash flows related to the associated servicing of the loan are included in the fair value measurement of IRLCs. The Company adjusts the outstanding IRLCs with prospective borrowers based on an expectation that it will be exercised and the loan will be funded. Given the unobservable nature of the pull through factor, IRLCs are classified as Level 3 in the fair value hierarchy. HMBS Related Obligations, at Fair Value The HMBS related obligation valuation considers the obligation to pass FHA insured cash flows through to the beneficial interest holders (repayment of secured borrowing) of the HMBS securities and the servicer and issuer obligations of the Company. The valuation of the obligation to repay the secured borrowing is estimated using Level 3 unobservable market inputs. The estimated fair value is based on the net present value of projected cash flows over the estimated life of the liability. The estimated fair value of the HMBS related obligations also includes the consideration required by a market participant to transfer the HECM and HMBS servicing obligations, including exposure resulting from shortfalls in FHA insurance proceeds. The Company’s valuation considers assumptions that it believes a market participant would consider in valuing the liability, including, but not limited to, assumptions for repayment, costs to transfer servicing obligations, shortfalls in FHA insurance proceeds, and discount rates. The significant unobservable inputs used in the measurement include weighted average remaining life, borrower repayment rates, and discount rates. The following table presents the weighted average significant unobservable inputs used in the fair value measurement of HMBS related obligations for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 21.6 % NM 20.8 % Discount rate NM 3.3 % NM 2.3 % Nonrecourse Debt, at Fair Value Reverse Mortgage Loans Outstanding notes issued that are securitized by nonrecourse debt are paid using the cash flows from the underlying reverse mortgage loans, which serve as collateral for the debt. The fair value of nonrecourse debt is estimated using Level 3 unobservable market inputs. The estimated fair value is based on the net present value of projected cash flows over the estimated life of the liability. The significant unobservable inputs used in the measurement include: borrower repayments rates and discount rates. The Company’s valuation considers assumptions that it believes a market participant would consider in valuing the liability, including, but not limited to, assumptions for prepayment and discount rates. The following table presents the weighted average significant unobservable assumptions used in the fair value measurements of nonrecourse debt for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Performing/Nonperforming HECM securitizations Weighted average remaining life (in years) 0.7-0.9 0.8 0.2 - 0.8 0.5 Conditional repayment rate 16.1% - 26.0 % 19.9 % 30.8% - 54.4 % 43.5 % Discount rate NM 4.1 % NM 2.3 % Securitized Non-Agency Weighted average remaining life (in years) 0.8-2.2 1.6 1.0 - 2.3 1.6 Conditional repayment rate 15.6% - 37.0 % 26.3 % 18.4% - 35.9 % 28.2 % Discount rate NM 4.0 % NM 2.2 % Commercial Mortgage Loans Outstanding nonrecourse notes issued that are securitized by loans held for investment, subject to nonrecourse debt, are paid using the cash flows from the underlying mortgage loans. The fair value of nonrecourse debt is estimated using Level 3 unobservable market inputs. The estimated fair value is based on the net present value of projected cash flows over the estimated life of the liability. The Company’s valuation considers assumptions that it believes a market participant would consider in valuing the liability, including, but not limited to, assumptions for prepayment and discount rates. The Company estimates prepayment speeds giving consideration that the Company may in the future transfer additional loans to the trust, subject to the availability of funds provided for within the trust. The following table presents the significant unobservable assumptions used in the fair value measurements of nonrecourse debt for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Average Range Weighted Average Weighted average remaining life (in months) NM 3.7 NM 4.0 Weighted average prepayment speed (SMM) NM 15.7 % NM 14.0 % Discount rate NM 4.9 % NM 3.1 % Deferred Purchase Price Liabilities Deferred purchase price liabilities are measured using a present value of future payments which considers various assumptions, including future loan % to value the deferred Tax Receivable Agreement (“TRA”) Obligation The fair value of the TRA obligation resulting from the exchanges at the Business Combination Closing Date is derived through the use of a DCF model. The significant assumptions used in the DCF include the ability to utilize tax attributes based on current tax forecasts, a constant U.S. federal income tax rate and an assumed weighted average state and local income tax rate, and a 13.5% discount rate at March 31, 2022 and December 31, 2021 applied to future payments under the Tax Receivable Agreements. The Company classifies the TRA obligation as Level 3 in the fair value hierarchy. Nonrecourse MSR Financing Liability The Company has sold to certain third parties the right to receive all excess servicing and ancillary fees related to identified MSRs in exchange for an upfront payment equal to the entire purchase price of the identified MSRs. The Company has elected to account for the servicing liability using the fair value option. Consistent with the underlying MSRs, fair value is derived through a DCF analysis and calculated using a computer pricing model. This computer valuation is based on the objective characteristics of the portfolio (loan amount, note rate, etc.) and commonly used industry assumptions (PSAs, etc.). The assumptions taken into account by the pricing model are those which many active purchasers of servicing rights employ in their evaluations of portfolios for sale in the secondary market. The unique characteristics of the secondary servicing market often dictate adjustments to parameters over short periods of time. Subjective factors are also considered in the derivation of fair values, including levels of supply and demand for servicing, interest rate trends, and perception of risk not incorporated into prepayment assumptions. The Company classifies the valuations of the nonrecourse MSR financing liability as Level 3 in the fair value disclosures. The Company utilized the following weighted average assumptions in estimating the fair value of the outstanding nonrecourse MSR financing liability: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average prepayment speed (CPR) 0.7% - 10.5 % 6.6 % 2.0% - 11.0 % 7.7% Discount rate 8.1% - 10.1 % 8.5 % 8.1% - 10.1 % 9.1% Weighted average delinquency rate NM 1.3 % NM 1.3% Retained Bonds, at Fair Value The retained bonds, at fair value, represents the U.S. Risk Retention Certificates, a 5% eligible vertical interest in the Company’s unconsolidated VIEs: HAWT 2021-INV1, HAWT 2021-INV2 and HAWT 2021-INV3. The beneficial interests retained consist of an interest in each class of securities issued by the Trust. Because of the nature of the valuation inputs and due to the lack of observable market prices or data the Company classifies retained bonds as Level 3 assets within the GAAP hierarchy. Quarterly, management obtains third party valuations to assess the reasonableness of the fair value calculations provided by the internal valuation model. The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of retained bonds for the period indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) 2.5 - 24.7 5.0 2.6 - 25.0 5.1 Discount rate -2.6% - 8.9 % 4.1 % 1.9% - 8.2 % 2.7 % Warrants The Company has determined that the FoA warrants are subject to treatment as a liability. The warrants issued are exercisable for shares of Class A Common Stock of FoA at an exercise price of $11.50 per share. The warrants are publicly traded and are valued based on the closing market price of the applicable date of the Condensed Consolidated Statements of Financial Condition. Accordingly, the warrants are classified as Level 1 financial instruments. Fair Value of Assets and Liabilities The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis (in thousands): March 31, 2022 Total Fair Level 1 Level 2 Level 3 Assets Loans held for investment, subject to HMBS related obligations $ 10,672,152 $ — $ — $ 10,672,152 Loans held for investment, subject to nonrecourse debt: Reverse mortgage loans 5,830,105 — — 5,830,105 Fix & flip mortgage loans 405,885 — — 405,885 Loans held for investment: Reverse mortgage loans 1,103,163 — — 1,103,163 Fix & flip mortgage loans 69,962 — — 69,962 Agricultural loans 45,865 — — 45,865 Loans held for sale: Residential mortgage loans 1,500,785 — 1,480,312 20,473 SRL 131,137 — — 131,137 Portfolio 77,435 — — 77,435 MSRs 426,102 — — 426,102 Derivative assets: Forward commitments, TBAs, and Treasury Futures 2,172 — 2,172 — IRLCs 2,736 — — 2,736 Forward MBS 34,867 — 34,867 — Interest rate swap futures 241,430 241,430 — — Other assets: Investments 6,000 — — 6,000 Retained bonds 50,875 — — 50,875 Total assets $ 20,600,671 $ 241,430 $ 1,517,351 $ 18,841,890 Liabilities HMBS related obligations $ 10,548,131 $ — $ — $ 10,548,131 Nonrecourse debt: Nonrecourse debt in consolidated VIE trusts 6,032,157 — — 6,032,157 Nonrecourse commercial loan financing liability 127,639 — — 127,639 Nonrecourse MSR financing liability 163,981 — — 163,981 Deferred purchase price liabilities: Deferred purchase price liabilities 7,852 — — 7,852 TRA obligation 29,380 — — 29,380 Derivative liabilities: Forward MBS 1,183 — 1,183 — Forward commitments, TBAs, and Treasury Futures 57 57 — — Interest rate swap futures 90,124 90,124 0 — Warrant Liability 5,648 5,648 — — Total liabilities $ 17,006,152 $ 95,829 $ 1,183 $ 16,909,140 December 31, 2021 Total Fair Level 1 Level 2 Level 3 Assets Loans held for investment, subject to HMBS related obligations $ 10,556,054 $ — $ — $ 10,556,054 Loans held for investment, subject to nonrecourse debt: Reverse mortgage loans 5,823,301 — — 5,823,301 Fix & flip mortgage loans 394,893 — — 394,893 Loans held for investment: Reverse mortgage loans 940,604 — — 940,604 Fix & flip mortgage loans 62,933 — — 62,933 Agricultural loans 27,791 — — 27,791 Loans held for sale: Residential mortgage loans 1,902,952 — 1,885,627 17,325 SRL 98,852 — — 98,852 Portfolio 50,574 — — 50,574 MSRs 427,942 — — 427,942 Derivative assets: Forward commitments, TBAs, and Treasury Futures 1,763 — 1,763 — IRLCs 23,222 — — 23,222 Forward MBS 1,235 — 1,235 — Interest rate swap futures 22,650 22,650 — — Other assets: Investments 6,000 — — 6,000 Retained bonds 55,614 — — 55,614 Total assets $ 20,396,380 $ 22,650 $ 1,888,625 $ 18,485,105 Liabilities HMBS related obligations $ 10,422,358 $ — $ — $ 10,422,358 Nonrecourse debt: Nonrecourse debt in consolidated VIE trusts 5,857,069 — — 5,857,069 Nonrecourse commercial loan financing liability 111,738 — — 111,738 Nonrecourse MSR financing liability 142,435 — — 142,435 Deferred purchase price liabilities: Deferred purchase price liabilities 12,852 — — 12,852 TRA obligation 29,380 — — 29,380 Derivative liabilities: Forward MBS 1,644 — 1,644 — Forward commitments, TBAs, and Treasury Futures 186 108 78 — Interest rate swap futures 24,848 24,848 — — Warrant Liability 5,497 5,497 — — Total liabilities $ 16,608,007 $ 30,453 $ 1,722 $ 16,575,832 Assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3, in thousands): Successor Assets March 31, 2022 Loans held for Loans held for Loans held Derivative MSRs Retained Investments Beginning balance, January 1, 2022 $ 11,587,382 $ 6,218,194 $ 166,750 $

Reverse Mortgage Portfolio Comp

Reverse Mortgage Portfolio Composition	3 Months Ended
Reverse Mortgage Portfolio Composition	Mar. 31, 2022
Reverse Mortgages Portfolio Composition [Abstract]
Reverse Mortgage Portfolio Composition	5. Reverse Mortgage Portfolio Composition The table below summarizes the composition and the remaining UPB (in thousands) of the reverse mortgage loan portfolio serviced by the Company: March 31, December 31, Reverse mortgage loans: Reverse mortgage loans held for investment, subject to HMBS related obligations $ 10,109,820 $ 9,849,835 Reverse mortgage loans held for investment: Non-agency 601,067 432,144 Loans not securitized (1) 313,569 266,723 Unpoolable loans (2) 65,303 104,551 Unpoolable tails 8,382 12,008 Total reverse mortgage loans held for investment 988,321 815,426 Reverse mortgage loans held for investment, subject to nonrecourse debt: Performing HECM buyouts 304,503 289,089 Nonperforming HECM buyouts 656,608 590,729 Non-agency 4,520,841 4,285,661 Total reverse mortgage loans held for investment, subject to nonrecourse debt 5,481,952 5,165,479 Total owned reverse mortgage portfolio 16,580,093 15,830,740 Loans reclassified as government guaranteed receivable 56,372 48,625 Loans serviced for others 13,959 17,840 Total serviced reverse mortgage loan portfolio $ 16,650,424 $ 15,897,205 (1) Loans not securitized represent primarily newly originated loans. (2) Unpoolable loans represent primarily loans that have reached 98% of their MCA. The table below summarizes the reverse mortgage portfolio owned by the Company by product type (in thousands): March 31, December 31, Fixed rate loans $ 6,566,169 $ 5,384,865 Adjustable rate loans 10,013,924 10,445,875 Total owned reverse mortgage portfolio $ 16,580,093 $ 15,830,740 As of March 31, 2022 and December 31, 2021, there were $595.7 million and $599.1 million, respectively, of foreclosure proceedings in process, which are included in loans held for investment, at fair value, on the Condensed Consolidated Statements of Financial Condition.

Loans Held for Investment, Subj

Loans Held for Investment, Subject to HMBS Related Obligations, at Fair Value	3 Months Ended
	Mar. 31, 2022
Reverse Mortgage Loans Held For Investment Subject To HMBS Related Obligations At Fair Value [Abstract]
Reverse Mortgage Loans Held for Investment, Subject to HMBS Related Obligations, at Fair Value	6. Loans Held for Investment, Subject to HMBS Related Obligations, at Fair Value Loans held for investment, subject to HMBS related obligations, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for investment, subject to HMBS related obligations - UPB $ 10,109,820 $ 9,849,835 Fair value adjustments 562,332 706,219 Total loans held for investment, subject to HMBS related obligations, at fair value $ 10,672,152 $ 10,556,054

Loans Held for Investment, Su_2

Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value	3 Months Ended
	Mar. 31, 2022
Mortgage Loans Held For Investment Subject To Nonrecourse Debt At Fair Value [Abstract]
Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value	7. Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value Loans held for investment, subject to nonrecourse debt, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for investment, subject to nonrecourse debt - UPB: Reverse mortgage loans $ 5,481,952 $ 5,165,479 Commercial mortgage loans 404,974 388,788 Fair value adjustments 349,064 663,927 Total loans held for investment, subject to nonrecourse debt, at fair value $ 6,235,990 $ 6,218,194 The table below shows the total amount of loans held for investment, subject to nonrecourse debt, that were greater than 90 days past due and on non-accrual March 31, December 31, Loans 90 days or more past due and on non-accrual Fair value: Commercial mortgage loans $ 23,399 $ 26,081 Total fair value 23,399 26,081 Aggregate UPB: Commercial mortgage loans 23,697 26,472 Total aggregate UPB 23,697 26,472 Difference $ (298 ) $ (391 )

Loans Held for Investment, at F

Loans Held for Investment, at Fair Value	3 Months Ended
Loans Held for Investment, at Fair Value	Mar. 31, 2022
Mortgage Loans Held for Investment At Fair Value [Abstract]
Loans Held for Investment, at Fair Value	8. Loans Held for Investment, at Fair Value Loans held for investment, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for investment - UPB: Reverse mortgage loans $ 988,321 $ 815,426 Commercial mortgage loans 115,091 89,267 Fair value adjustments 115,578 126,635 Total loans held for investment, at fair value $ 1,218,990 $ 1,031,328 As of March 31, 2022 and December 31, 2021, there were $1.4 million and $2.3 million, respectively, of commercial loans that were greater than 90 days past due. As of March 31, 2022 and December 31, 2021, there were $969.3 million and $810.6 million, respectively, in loans held for investment, at fair value pledged as collateral for financing lines of credit.

Loans Held for Sale, at Fair Va

Loans Held for Sale, at Fair Value	3 Months Ended
Loans Held for Sale, at Fair Value	Mar. 31, 2022
Mortgage Loans Held for Sale At Fair Value [Abstract]
Loans Held for Sale, at Fair Value	9. Loans Held for Sale, at Fair Value Loans held for sale, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for sale - UPB: Residential mortgage and home improvement loans $ 1,499,525 $ 1,859,788 Commercial mortgage loans 211,516 145,463 Fair value adjustments (1,684 ) 47,127 Total loans held for sale, at fair value $ 1,709,357 $ 2,052,378 The table below shows the total amount of loans held for sale that were greater than 90 days past due and on non-accrual March 31, December 31, Loans 90 days or more past due and on non-accrual Fair value: Residential mortgage and home improvement loans $ 3,495 $ 3,195 Commercial mortgage loans 2,549 3,163 Total fair value 6,044 6,358 Aggregate UPB: Residential mortgage loans 3,993 3,753 Commercial mortgage loans 2,676 3,323 Total aggregate UPB 6,669 7,076 Difference $ (625 ) $ (718 ) The Company originates or purchases and sells loans in the secondary mortgage market without recourse for credit losses. However, the Company at times maintains continuing involvement with the loans in the form of servicing arrangements and the liability under representations and warranties it makes to purchasers and insurers of the loans. The table below shows a reconciliation of the changes in loans held for sale for the respective periods presented below (in thousands): For the three January 1, 2021 to March 31, 2021 Successor Predecessor Beginning balance $ 2,052,378 $ 2,222,811 Originations/purchases/repurchases 5,488,887 8,569,575 Proceeds from sales (5,872,779 ) (8,878,131 ) Loans acquired through business combinations — 35,226 Net transfers from loans held for investment 2,905 — Gain on loans held for sale, net 44,872 188,564 Net fair value gains on loans held for sale (6,906 ) 2,316 Ending balance $ 1,709,357 $ 2,140,361 As of March 31, 2022 and December 31, 2021, there were $1.7 million and $2.0 million, respectively, in loans held for sale, at fair value pledged as collateral for financing lines of credit.

Mortgage Servicing Rights, at F

Mortgage Servicing Rights, at Fair Value	3 Months Ended
Mortgage Servicing Rights, at Fair Value	Mar. 31, 2022
Transfers and Servicing [Abstract]
Mortgage Servicing Rights, at Fair Value	10. Mortgage Servicing Rights, at Fair Value The servicing portfolio associated with capitalized servicing rights consists of the following (in thousands): March 31, December 31, Fannie Mae/Freddie Mac $ 31,324,584 $ 37,079,995 Ginnie Mae 1,656,411 1,109,962 Private investors 1,077,563 1,109,459 Total UPB $ 34,058,558 $ 39,299,416 Weighted average interest rate 3.12 % 3.03 % The activity in the loan servicing portfolio associated with capitalized servicing rights consisted of the following (in thousands): For the three January 1, 2021 to March 31, 2021 Successor Predecessor Beginning UPB $ 39,299,416 $ 22,269,362 Originated MSRs 4,257,281 6,312,227 Purchased MSRs — 866,806 Sold MSRs (8,368,734 ) (1,090,267 ) Portfolio runoff (805,668 ) (1,488,977 ) Other (323,737 ) (193,793 ) Ending UPB $ 34,058,558 $ 26,675,358 The activity in the MSRs asset consisted of the following (in thousands): For the three January 1, 2021 to March 31, 2021 Successor Predecessor Beginning balance $ 427,942 $ 180,684 Originations 53,444 65,964 Purchases — 9,014 Sales (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 The value of MSRs is driven by the net cash flows associated with servicing activities. The cash flows include contractually specified servicing fees, late fees, and other ancillary servicing revenue. The fees were $14.3 million for the Successor three months ended March 31, 2022, and $13.0 million for the Predecessor period from January 1, 2021 to March 31, 2021. These fees and changes in fair value of the MSRs are recorded within fee income on the Condensed Consolidated Statements of Operations (Unaudited). As of March 31, 2022 and December 31, 2021, there were $164.0 million and $142.4 million, respectively, in MSRs, at fair value pledged as collateral for nonrecourse debt. The following table provides a summary of the loan servicing portfolio delinquencies as a percentage of the total number of loans and the total UPB of the portfolio: March 31, 2022 December 31, 2021 Number of Unpaid Number of Unpaid Portfolio delinquency 30 days 0.4 % 0.4 % 0.4 % 0.3 % 60 days 0.1 % 0.1 % 0.1 % 0.0 % 90 or more days 0.1 % 0.1 % 0.1 % 0.1 % Total 0.6 % 0.6 % 0.6 % 0.4 % Foreclosure/real estate owned 0.0 % 0.0 % 0.0 % 0.0 %

Derivative and Risk Management

Derivative and Risk Management Activities	3 Months Ended
Derivative and Risk Management Activities	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative and Risk Management Activities	11. Derivative and Risk Management Activities The Company’s principal market exposure is to interest rate risk, specifically long-term U.S. Treasury and mortgage interest rates, due to their impact on mortgage-related assets and commitments. The Company is also subject to changes in short-term interest rates, such as LIBOR, due to their impact on certain variable rate asset-backed debt such as warehouse lines of credit. Various financial instruments are used to manage and reduce this risk, including forward delivery commitments on MBS or whole loans and interest rate swaps. The Company did not have any derivative instruments designated as hedging instruments or subject to master netting and collateral agreements as of March 31, 2022 and December 31, 2021. The following tables summarize the fair value, notional amount, and unrealized gains (losses) of derivative instruments (in thousands) for the periods indicated: March 31, 2022 Derivative assets Derivative liabilities Fair value Notional Unrealized Fair Notional Unrealized IRLCs $ 2,736 $ 2,182,604 $ (20,486 ) $ — $ — $ — Forward commitments, TBAs and Treasury Futures 2,172 81,737 408 57 362,000 129 Interest rate swaps and futures contracts 241,430 7,317,500 218,781 90,124 4,732,700 (65,276 ) Forward MBS 34,867 2,326,213 33,632 1,183 243,000 461 Net fair value of derivative financial instruments $ 281,205 $ 11,908,054 $ 232,335 $ 91,364 $ 5,337,700 $ (64,686 ) December 31, 2021 Derivative assets Derivative liabilities Fair Notional Unrealized Fair Notional Unrealized IRLCs $ 23,222 $ 2,047,938 $ (64,354 ) $ — $ — $ — Forward commitments, TBAs and Treasury Futures 1,763 6,171,300 (43 ) 186 6,113,000 1,146 Interest rate swaps and futures contracts 22,650 6,143,300 19,966 24,848 6,094,100 (24,093 ) Forward MBS 1,235 658,000 1,235 1,644 1,501,000 16,991 Net fair value of derivative financial instruments $ 48,870 $ 15,020,538 $ (43,196 ) $ 26,678 $ 13,708,100 $ (5,956 ) The Company is exposed to risk in the event of nonperformance by counterparties in their derivative contracts. In general, the Company manages such risk by evaluating the financial position and creditworthiness of counterparties, monitoring the amount of exposure and/or dispersing the risk among multiple counterparties. While the Company does not presently have master netting arrangements with its derivative counterparties, it does either maintain or deposit cash as margin collateral with its clearing broker to the extent the relative value of its derivatives are above or below their initial strike price. The Company held deposits from its clearing broker of $163.4 million as of March 31, 2022 and had provided deposits to its clearing broker of $23.2 million as of December 31, 2021. Total margin collateral is included in other assets, net, when in a net receivable position or in payables and other liabilities when in a net payable position in the Company’s Condensed Consolidated Statements of Financial Condition.

Goodwill

Goodwill	3 Months Ended
Goodwill	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	12. Goodwill Goodwill consisted of the following (in thousands): As of March 31, As of March 31, Successor Predecessor Beginning balance $ — $ 121,233 Additions from acquisitions — 7,517 Ending balance $ — $ 128,750 The Company did t record any goodwill or related impairment for the Successor three months ended March 31, 2022 and no impairment was recorded for the Predecessor p As of March 31, As of March 31, Successor Predecessor Reporting units: Mortgage Originations $ — $ 51,946 Commercial Originations — 43,113 Lender Services — 25,247 Portfolio Management — 8,444 Total goodwill $ — $ 128,750

Intangible Assets, Net

Intangible Assets, Net	3 Months Ended
Intangible Assets, Net	Mar. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets, Net	13. Intangible Assets, Net Intangible assets, net, consisted of the following (in thousands): March 31, 2022 Amortization Cost Accumulated Impairment Net Successor: Non-amortizing Trade name N/A $ 91,600 $ — $ — $ 91,600 Total non-amortizing $ 91,600 $ — $ — $ 91,600 Amortizing intangibles Broker/customer relationships 8 - 15 $ 541,100 $ (52,948 ) $ — $ 488,152 Trade names and other 5 - 10 10,937 (1,597 ) — 9,340 Total amortizing intangibles $ 552,037 $ (54,545 ) $ — $ 497,492 Total intangibles $ 643,637 $ (54,545 ) $ — $ 589,092 December 31, 2021 Amortization Cost Accumulated Impairment Net Successor: Non-amortizing Trade name N/A $ 178,000 $ — $ (86,400 ) $ 91,600 Total non-amortizing $ 178,000 $ — $ (86,400 ) $ 91,600 Amortizing intangibles Broker/customer relationships 8 - 15 $ 541,100 $ (39,711 ) $ — $ 501,389 Trade names and other 5 - 10 10,937 (1,026 ) — 9,911 Total amortizing intangibles $ 552,037 $ (40,737 ) $ — $ 511,300 Total intangibles $ 730,037 $ (40,737 ) $ (86,400 ) $ 602,900 Amortization expense was $ million for the Successor three months ended March , , and $ million for the Predecessor period from January , to March , . The estimated amortization expense for each of the five succeeding fiscal years and thereafter as of March 31, 2022 is as follows (in thousands): Year Ending December 31, Amount 2022 $ 41,645 2023 55,233 2024 55,233 2025 55,233 2026 55,126 Thereafter 235,022 Total future amortization expens e $ 497,492

HMBS Related Obligations, at Fa

HMBS Related Obligations, at Fair Value	3 Months Ended
HMBS Related Obligations, at Fair Value	Mar. 31, 2022
Home Equity Conversion Mortgage Backed Security Related Obligations At Fair Value [Abstract]
HMBS Related Obligations, at Fair Value	14. HMBS Related Obligations, at Fair Value HMBS related obligations, at fair value, consisted of the following (in thousands): March 31, 2022 December 31, 2021 Ginnie Mae loan pools - UPB $ 10,109,820 $ 9,849,835 Fair value adjustments 438,311 572,523 Total HMBS related obligations, at fair value $ 10,548,131 $ 10,422,358 Weighted average remaining life (in years) 4.4 4.6 Weighted average interest rate 2.6 % 2.5 % HMBS related obligations represent the issuance of pools of HMBS, which are guaranteed by GNMA, to third party security holders. The Company accounts for the transfers of these advances in the related HECM loans as secured borrowings, retaining the initial HECM loans in the Condensed Consolidated Statements of Financial Condition as loans held for investment, subject to HMBS related obligations, at fair value and recording the pooled HMBS as HMBS related obligations, at fair value. Monthly cash flows generated from the HECM loans are used to service the outstanding HMBS. The Company was servicing 1,896 and 1,849 Ginnie Mae loan pools at March 31, 2022 and December 31, 2021, respectively.

Nonrecourse Debt, at Fair Value

Nonrecourse Debt, at Fair Value	3 Months Ended
Nonrecourse Debt, at Fair Value	Mar. 31, 2022
Debt Instruments [Abstract]
Nonrecourse Debt, at Fair Value	15. Nonrecourse Debt, at Fair Value Nonrecourse debt, at fair value, consisted of the following (in thousands): Issue Date Final Interest Original Issue March 31, December 31, Securitization of performing / nonperforming HECM loans July July 2030 0.88% $1,805,528 $1,026,869 $922,970 Securitization of non-agency May May 2023 1.25% 6,345,967 4,857,333 4,630,203 Securitization of Fix & Flip loans April November 2.10% 268,511 268,511 268,511 Total consolidated VIE nonrecourse debt UPB 6,152,713 5,821,684 Nonrecourse MSR financing liability, at fair value 163,981 142,435 Nonrecourse commercial loan financing liability (1) 123,900 107,744 Fair value adjustments (116,817 ) 39,379 Total nonrecourse debt, at fair value $ 6,323,777 $ 6,111,242 (1) Future repayment of nonrecourse debt issued by securitization trusts is dependent on the receipt of cash flows from the corresponding encumbered loans receivable. As of March 31, 2022, estimated maturities for nonrecourse debt, at fair value, for the next five years and thereafter are as follows (in thousands): Year Ending December 31, Estimated (1) 2022 $ 1,242,161 2023 2,644,434 2024 2,088,782 2025 301,236 Thereafter — Total payments on nonrecourse debt $ 6,276,613 (1) Nonrecourse MSR financing liability is excluded from this balance, as the timing of the payments of the nonrecourse MSR financing liability is dependent on the payments received on the underlying MSRs and no contractual maturity date is applicable.

Other Financing Lines of Credit

Other Financing Lines of Credit	3 Months Ended
Other Financing Lines of Credit	Mar. 31, 2022
Line of Credit Facility [Abstract]
Other Financing Lines of Credit	16. Other Financing Lines of Credit The following summarizes the components of other financing lines of credit (in thousands): Outstanding borrowings at Maturity Date Interest Rate Collateral Pledged Total (1) March 31, December 31, Mortgage Lines: April 2022 - June 2023 LIBOR/SOFR + First Lien $ 3,225,000 $ 1,431,784 $ 1,802,348 May 2022 - November 2022 LIBOR/ MSRs 95,329 110,885 138,524 March 2026 LIBOR + Mortgage Related 150,000 51,269 55,666 Subtotal mortgage lines of credit $ 3,470,329 $ 1,593,908 $ 1,996,538 Reverse Lines: April 2022 - April 2023 LIBOR + First Lien $ 1,275,000 $ 887,435 $ 714,013 April 2022 - September 2023 Bond accrual rate Mortgage Related 397,500 300,834 297,893 February 2024 LIBOR + MSRs 90,000 70,365 78,952 May 2022 Prime + .50%; Unsecuritized 50,000 44,257 38,544 Subtotal reverse lines of credit $ 1,812,500 $ 1,302,891 $ 1,129,402 Commercial Lines: June 2022 - August 2022 LIBOR/SOFR + Encumbered $ 125,000 $ 25,036 $ 25,127 April 2022 - January 2024 LIBOR + First Lien 432,500 237,921 167,159 August 2022 10% Second Lien 30,000 30,000 24,175 N/A LIBOR + Mortgage Related — — 5,041 Subtotal commercial lines of credit $ 587,500 $ 292,957 $ 221,502 Total other financing lines of credit $ 5,870,329 $ 3,189,756 $ 3,347,442 (1) Capacity is dependent upon maintaining compliance with, or obtaining waivers of, the terms, conditions and covenants of the respective agreements, including asset-eligibility requirements. Capacity amounts presented are as of March 31, 2022. As of March 31, 2022 and December 31, 2021, the weighted average outstanding interest rates on outstanding financing lines of credit of the Company were The Company’s borrowing arrangements and credit facilities contain various financial covenants which primarily relate to required tangible net worth amounts, liquidity reserves, leverage requirements, and profitability requirements. As of March 31, 2022, the Company was in compliance with its liquidity requirements and net worth covenants. With respect to certain profitability requirements, the Company obtained waivers or amendments to its profitability covenants as of March 31, 2022. The terms of the Company’s financing arrangements and credit facilities contain covenants, and the terms of the Company’s GSE/seller servicer contracts contain requirements that may restrict the Company and its subsidiaries from paying distributions to its members. These restrictions include restrictions on paying distributions whenever the payment of such distributions would cause FoA or its subsidiaries to no longer be in compliance with any of its financial covenants or GSE requirements. Further, the Company is generally prohibited under Delaware law from making a distribution to a member to the extent that, at the time of the distribution, after giving effect to the distribution, liabilities of the Company (with certain exceptions) exceed the fair value of its assets. Subsidiaries of the Company are generally subject to similar legal limitations on their ability to make distributions to FoA. As of March 31, 2022, the maximum allowable distributions available to the Company based on the most restrictive of such financial covenant ratios is presented in the table below (in thousands, except for ratios): Financial Covenants Requirement March 31, 2022 Maximum Allowable (1) FAM Adjusted Tangible Net Worth (2) $ 225,000 $ 243,900 $ 18,900 Liquidity 55,000 68,451 $ 13,451 Leverage Ratio 15:1 10.2:1 78,327 Material Decline in Lender Adjusted Net Worth: Lender Adjusted Tangible Net Worth (Quarterly (3) $ 161,235 $ 301,073 $ 139,838 Lender Adjusted Tangible Net Worth (Two-Consecutive Quarterly requirement) (3) 120,432 301,073 $ 180,641 FAR Adjusted Tangible Net Worth (2) $ 417,826 $ 452,613 $ 34,787 Liquidity 20,000 113,656 $ 93,656 Leverage Ratio 6:1 4.3:1 $ 126,542 (1) The Maximum Allowable Distribution for any of the originations subsidiaries is the lowest of the amounts shown for the particular originations (2) This amount is based on the most restrictive financing line of credit covenant. (3) This amount is the covenant calculation specific to FNMA. As of December 31, 2021, the maximum allowable distributions available to the Company based on the most restrictive of such financial covenant ratios is presented in the table below (in thousands, except for ratios): Financial Covenants Requirement December 31, 2021 Maximum Allowable (1) FAM Adjusted Tangible Net Worth (2) $ 150,000 $ 180,032 $ 30,032 Liquidity 40,000 43,734 3,734 Leverage Ratio 15:1 13.9:1 12,154 Material Decline in Lender Adjusted Net Worth: Lender Adjusted Tangible Net Worth (Quarterly requirement) (3) $ 150,539 $ 214,979 $ 64,440 Lender Adjusted Tangible Net Worth (Two-Consecutive (3) 114,830 214,979 100,149 FACo Adjusted Tangible Net Worth $ 85,000 $ 87,350 $ 2,350 Liquidity 20,000 32,728 12,728 Leverage Ratio 6:1 2.8:1 46,895 FAR Adjusted Tangible Net Worth $ 417,826 $ 527,443 $ 109,617 Liquidity 20,000 23,845 3,845 Leverage Ratio 6:1 2.9:1 264,134 (1) The Maximum Allowable Distribution for any of the originations subsidiaries is the lowest of the amounts shown for the particular originations subsidiary. (2) This amount is based on the most restrictive financing line of credit covenant. (3) This amount is the covenant calculation specific to FNMA.

Payables and Other Liabilities

Payables and Other Liabilities	3 Months Ended
Payables and Other Liabilities	Mar. 31, 2022
Payables and Accruals [Abstract]
Payables and Other Liabilities	17. Payables and Other Liabilities Payables and other liabilities consisted of the following (in thousands): March 31, 2022 December 31, 2021 Accrued liabilities $ 259,133 $ 114,931 Derivative liabilities 91,364 26,678 Accrued compensation expense 82,052 129,919 Lease liabilities 62,933 65,518 Deferred purchase price liabilities 42,541 47,479 GNMA reverse mortgage buyout payable 33,601 31,274 Deferred tax liability, net 19,658 18,581 Estimate of claim losses 15,821 14,993 Liability for loans eligible for repurchase from GNMA 10,345 7,956 Repurchase reserves 7,856 8,685 Warrant liability 5,648 5,497 Total payables and other liabilities $ 630,952 $ 471,511 Warrants As of March 31, 2022, there were 14,375,000 Public Warrants outstanding. As of March 31, 2022, and December 31, 2021, the Warrants had a fair value of $5.6 million and $5.5 million, respectively. These liability-classified Public Warrants are out of the money and thus have no impact on diluted EPS.

Notes Payable, Net

Notes Payable, Net	3 Months Ended
Notes Payable, Net	Mar. 31, 2022
Notes Payable [Abstract]
Notes Payable, Net	18. Notes Payable, Net A summary of the outstanding notes payable, net, is presented in the table below (in thousands): Description Maturity Date Interest Rate March 31, 2022 December 31, 2021 Senior Unsecured Notes November 2025 7.9% $ 350,000 $ 350,000 Fair value adjustment, net of amortization (1) 3,196 3,383 Total notes payable, net $ 353,196 $ 353,383 (1) In conjunction with the Business Combination, the Company was required to adjust the liabilities assumed to fair value, resulting in a premium on the Notes and the elimination of the previously recognized debt issuance costs. Interest expense was $6.7 million for the Successor three months ended March 31, 2022, and $7.7 million for the Predecessor period from January 1, 2021 to March 31, 2021. The Company was in compliance with all required covenants related to the Notes as of March 31, 2022.

Litigation

Litigation	3 Months Ended
Litigation	Mar. 31, 2022
Litigation [Abstract]
Litigation	19. Litigation The Company’s business is subject to legal proceedings, examinations, investigations and reviews by various federal, state and local regulatory and enforcement agencies as well as private litigants such as the Company’s borrowers or former employees. At any point in time, the Company may have open investigations with regulators or enforcement agencies, including examinations and inquiries related to its loan servicing and origination practices. These matters and other pending or potential future investigations, examinations, inquiries or lawsuits may lead to administrative or legal proceedings, and possibly result in remedies, including fines, penalties, restitution, alterations in business practices, or additional expenses and collateral costs. As a litigation or regulatory matter develops, the Company, in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether such matter presents a loss contingency that is probable and estimable. If, at the time of evaluation, the loss contingency is not both probable and reasonably estimable, the matter will continue to be monitored for further developments that would make such loss contingency both probable and reasonably estimable. Once the matter is deemed to be both probable and reasonably estimable, the Company establishes an accrued liability and record a corresponding amount to litigation related expense. The Company will continue to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. For certain matters, the Company may consider a loss to be probable but cannot calculate a precise estimate of losses. For these matters, the Company may be able to estimate a range of possible loss. In determining whether it is possible to provide an estimate of loss or range of possible loss, the Company reviews and evaluates its material litigation and regulatory matters on an ongoing basis, in conjunction with any outside counsel handling the matter. As of March 31, 2022, there were no matters that the Company considered to be probable or reasonably possible for which they could estimate losses or a reasonable range of estimated losses. The Company is a defendant in four representative lawsuits alleging violations of the California Labor Code and brought pursuant to the California Private Attorneys General Act (“PAGA”). The cases have been coordinated and currently are stayed pending a ruling by the Supreme Court of the United States in Viking River Cruises, Inc. v. Moriana. Due to the unpredictable nature of litigation generally, and the wide discretion afforded the Court in awarding civil penalties in PAGA actions, the outcome of these matters cannot be presently determined, and a range of possible losses cannot be reasonably estimated. Although the actions are being vigorously defended, the Company could, in the future, incur judgments or enter into settlements of claims that could have a negative effect on its results of operations in any particular period. Legal expenses, which includes, among other things, settlements and the fees paid to external legal service providers, were $0.9 million for the Successor three months ended March 31, 2022, and $4.2 million for the Predecessor period from January 1, 2021 to March 31, 2021. These expenses are included in general and administrative expenses in the Condensed Consolidated Statements of Operations (Unaudited).

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	20. Commitments and Contingencies Servicing of Mortgage Loans The Company has contracted with third party providers to perform specified servicing functions on its behalf. These services include maintaining borrower contact, facilitating borrower advances, generating borrower statements, collecting and processing payments of interest and principal and facilitating loss-mitigation strategies in an attempt to keep defaulted borrowers in their homes. For reverse mortgages, defaults on loans leading to foreclosures may occur if borrowers fail to meet maintenance obligations, such as payment of taxes or home insurance premiums. When a default cannot be cured, the sub-servicers sub-servicers Additionally, the sub-servicers sub-servicers Contractual sub-servicing sub-servicer Unfunded Commitments The Company is required to fund further borrower advances (where the borrower has not fully drawn down the HECM, non-agency The outstanding unfunded commitments available to borrowers related to agency and non-agency The Company also has commitments to purchase and sell loans totaling $33.7 million and $140.6 million, respectively, as of March 31, 2022, compared to $47.3 million and $0, respectively, as of December 31, 2021. Mandatory Repurchase Obligation The Company is required to repurchase reverse loans out of the Ginnie Mae securitization pools once the outstanding principal balance of the related HECM is equal to or greater than 98% of the MCA. Performing repurchased loans are conveyed to HUD and nonperforming repurchased loans are generally liquidated in accordance with program requirements. Loans are considered nonperforming upon events including, but not limited to, the death of the mortgagor, the mortgagor no longer occupying the property as their principal residence, or the property taxes or insurance are not being paid. As an issuer of HMBS, the Company also has the option to repurchase reverse loans out of the Ginnie Mae securitization pools without prior approval from Ginnie Mae in certain instances. These situations include the borrower requesting an additional advance that causes the outstanding principal balance to be equal to or greater than 98% of the MCA; the borrower’s loan becoming due and payable under certain circumstances; the borrower not occupying the home for greater than twelve consecutive months for physical or mental illness, and the home is not the residence of another borrower; or the borrower failing to perform in accordance with the terms of the loan. For each HECM loan that the Company securitizes into Agency HMBS, the Company is required to covenant and warrant to Ginnie Mae, among other things, that the HECM loans related to each participation included in the Agency HMBS are eligible under the requirements of the National Housing Act and the Ginnie Mae MBS Guide, and that the Company will take all actions necessary to ensure the HECM loan’s continued eligibility. The Ginnie Mae HMBS program requires that the Company removes the participation related to any HECM loan that does not meet the requirements of the Ginnie Mae MBS Guide. In addition to securitizing HECM loans into Agency HMBS, the Company may sell HECM loans to third parties, and the agreements with such third parties include standard representations and warranties related to such loans, which if breached, may require the Company to repurchase the HECM loan and/or indemnify the purchaser for losses related to such HECM loans. In the case where the Company repurchases the loan, the Company bears any subsequent credit loss on the loan. To the extent that the Company is required to remove a loan from an Agency HMBS, purchase a loan from a third party or indemnify a third party, the potential losses suffered by the Company may be reduced by any recourse the Company has to the originating broker and/or correspondent lender, if applicable, to the extent such entity breached similar or other representations and warranties. Under most circumstances, the Company has the right to require the originating broker/correspondent to repurchase the related loan from the Company and/or indemnify the Company for losses incurred. The Company seeks to manage the risk of repurchase and associated credit exposure through the Company’s underwriting and quality assurance practices.

Equity Based Compensation

Equity Based Compensation	3 Months Ended
Equity Based Compensation	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Equity Based Compensation	21. Equity Based Compensation Restricted Stock Units Pursuant to the terms of the A&R MLTIP, there are two types of equity based compensation granted to employees, henceforth referred to as Replacement Restricted Stock Units (“Replacement RSUs”) and Earnout Right Restricted Stock Units (“Earnout Right RSUs”). The issuance of the Replacement RSUs and Earnout Right RSUs by pre-transaction Additionally, pursuant to the terms of the 2021 Omnibus Incentive Plan, the Company granted equity based compensation to certain employees and non-employee Non-LTIP (“Non-LTIP Non-LTIP Each type of RSUs is classified as equity and FoA accounts for the RSUs following the fair value method. Each type of RSUs’ fair values is fixed on the grant date and not remeasured unless the award is subsequently modified. Replacement RSUs Pursuant to the terms of the A&R MLTIP executed on October 28, 2020, the Company granted each employee who held Phantom Units in FoA Equity and remained employed as of the Replacement RSU grant date, April 1, 2021, in consideration for the cancellation of their Phantom Units, Replacement RSUs that will vest into shares of Class A Common Stock. Following the terms of the A&R MLTIP, 25% of the Replacement RSUs vested on the Replacement RSU grant date, and the remaining 75% vest in equal installments on each of the first three anniversaries of the Closing of the Business Combination, subject to each holder’s continued employment. Earnout Right RSUs In addition to the Replacement RSUs, participants in the A&R MLTIP are entitled to receive additional Earnout Right RSUs depending on whether the Company achieves certain market-based conditions. The market-based vesting conditions have been factored into the grant date fair value measurement of the Earnout Right RSUs using a Monte Carlo simulation. The assumptions used in the Monte Carlo simulation model included a volatility rate of 60%, risk free rate of 1.14% and a weighted average expected term of 1.06 years for the first tranche of Earnout Right RSUs and 1.52 years for the second tranche of Earnout Right RSUs. Earnout Right RSUs have the same service-based vesting conditions listed above for the Replacement RSUs along with market-based vesting conditions. The first tranche of Earnout Right RSUs vest upon satisfaction of the service-based vesting conditions and if, at any time during the six years following the Closing, the VWAP of FoA’s Class A Common Stock is greater than or equal to $12.50 for any twenty out of thirty consecutive trading days The second tranche of Earnout Right RSUs vest upon satisfaction of the service-based vesting conditions and if, at any time during the following the Closing, the VWAP of FoA’s Class A Common Stock is greater than or equal to $ for any twenty out of thirty consecutive trading days Non-LTIP Pursuant to the terms of the 2021 Omnibus Incentive Plan executed on November 18, 2021, the Company granted Non-LTIP non-employee All vesting is subject to each holder’s continued employment and are subject to forfeiture if the participant leaves the company for reasons other than those permitted under the plan. Employee Stock Purchase Plan On January 1, 2022, FoA opened an initial offering period for our Employee Stock Purchase Plan (the “ESPP”) for the benefit of Company employees. Participation in the ESPP is voluntary and is open to any Company employee who satisfies the eligibility requirements under the ESPP other than the Company’s “officers” (as defined in Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). The ESPP allows for shares of the Company’s Class A Common Stock to be purchased on behalf of participants, using funds contributed by participants through payroll deductions. Participants can contribute up to the lesser of 15% of the participant’s Base Earnings (as defined in the ESPP) or $50,000 per participant in any calendar year. The ESPP includes a matching component pursuant to which participating employees will be eligible to receive a grant of restricted stock units (“Match RSUs”) pursuant to and in accordance with the Company’s 2021 Omnibus Incentive Plan. The number of Match RSUs to be granted to participants with respect to each offering period will equal to 20% of the shares purchased by participants under the ESPP with respect to such offering period. The Company recorded $0.1 million in expense associated with the ESPP within salaries, benefits and related expenses on the Condensed Consolidated Statement of Operations (Unaudited) for the Successor three months ended March 31 2022. A summary of the each classification of RSU activity for the periods indicated is presented below in thousands, except for share information: Grant Date Fair Value Replacement RSUs Number of Number Total Weighted Total Fair Outstanding, December 31, 2021 10,392,226 20,640 10,412,866 $ 9.48 $ 98,714 Granted — — — — — Vested (722,398 ) 722,398 — — — Forfeited — — — — — Settled — (20,640 ) (20,640 ) 9.48 (196 ) Outstanding, March 31, 2022 9,669,828 722,398 10,392,226 $ 9.48 $ 98,518 On March 15, 2022, there was a good leaver event that resulted in 722,398 RSUs being vested. There are Replacement RSUs that , to December , on the first anniversary of the Business Combination ( ). Equity based compensation expense for the Replacement RSUs totaled $ million and $ for the Successor months ended March , and the Predecessor period from January , to March , , respectively. Unrecognized equity based compensation expense for the Replacement RSUs totaled $ million as of March , . Grant Date Fair Value Earnout Right RSUs Number of Number Total Weighted Total Fair Outstanding, December 31, 2021 1,531,440 — 1,531,440 $ 8.91 $ 13,638 Granted — — — — — Forfeited — — — — — Outstanding, March 31, 2022 1,531,440 — 1,531,440 $ 8.91 $ 13,638 No Earnout Right RSUs are scheduled to vest from April 1, 2022 to December 31, 2022. Equity based compensation expense for the Earnout Right RSUs totaled $2.2 million and $0 for the Successor three months ended March 31, 2022 and the Predecessor period from January 1, 2021 to March 31, 2021, respectively. Unrecognized equity based compensation expense for the Earnout Right RSUs totaled $4.0 million as of March 31, 2022. Grant Date Fair Value Non-LTIP Number Number Total Weighted Total Fair Outstanding, December 31, 2021 168,221 — 168,221 $ 5.35 $ 900 Granted 409,835 — 409,835 3.35 1,373 Vested — — — — — Settled — — — — — Outstanding, March 31, 2022 578,056 — 578,056 $ 3.93 $ 2,273 219,987 of the Non-LTIP Non-LTIP Non-LTIP as of LTIP On January 1, 2015, the Company established an LTIP to compensate key employees. Any distributions are based on distributions received by equity holders of the Company in excess of the contributed equity capital, plus a designated return on contributed equity capital (the “Hurdle”). The Phantom Units were accounted for as a profit-sharing arrangement, as they did not represent a substantive form of equity and were not indexed to the price of UFG common units. In connection with the Closing of the Business Combination, which occurred on April 1, 2021, the holders of Phantom Units (1,077 units outstanding) received one-time The cash payment of $24.0 million related to prior services provided solely for the benefit of the Company and not for ongoing services to be provided in the future that would benefit the post-combination entity. Given that the payment was triggered by the distributions made in connection with the successful closing of the Business Combination, the payment of $24.0 million was considered to have been incurred “on the line.” The balance of the Company’s obligation under the Plan was replaced by the issuance of Replacement RSUs and Earnout Right RSUs described above as governed by the A&R MLTIP.

Business Segment Reporting

Business Segment Reporting	3 Months Ended
Business Segment Reporting	Mar. 31, 2022
Segment Reporting [Abstract]
Business Segment Reporting	22. Business Segment Reporting The following tables are a presentation of financial information by segment for the periods indicated (in thousands): For the three months ended March 31, 2022 Successor Mortgage Reverse Commercial Lender Portfolio Total Corporate Elim Total REVENUES Gain on sale and other income from loans held for sale, net $ 111,921 $ — $ — $ 210 $ 10,928 $ 123,059 $ — $ (4,707 ) $ 118,352 Net fair value gains on loans and related obligations — 105,755 3,475 — (102,785 ) 6,445 — 3,990 10,435 Fee income 20,149 1,816 17,158 76,152 54,525 169,800 — (12,196 ) 157,604 Net interest income (expense) Interest income 12,572 — — 160 1,047 13,779 94 — 13,873 Interest expense (9,371 ) — — (33 ) (16,723 ) (26,127 ) (6,703 ) — (32,830 ) Net interest income (expense) 3,201 — — 127 (15,676 ) (12,348 ) (6,609 ) — (18,957 ) Total revenue 135,271 107,571 20,633 76,489 (53,008 ) 286,956 (6,609 ) (12,913 ) 267,434 Total expenses 156,783 43,179 23,087 70,756 34,711 328,516 34,038 (13,018 ) 349,536 Other, net — 3,214 124 1,664 27 5,029 (152 ) (105 ) 4,772 Net (loss) income before taxes $ (21,512 ) $ 67,606 $ (2,330 ) $ 7,397 $ (87,692 ) $ (36,531 ) $ (40,799 ) $ — $ (77,330 ) Depreciation and amortization $ 2,820 $ 9,598 $ 514 $ 3,112 $ 91 $ 16,135 $ 509 $ — $ 16,644 Total assets 1,761,388 416,127 26,752 224,673 19,628,648 22,057,588 1,755,154 (1,734,835 ) 22,077,907 January 1, 2021 to March 31, 2021 Predecessor Mortgage Reverse Commercial Lender Portfolio Total Corporate Elim Total REVENUES Gain on sale and other income from loans held for sale, net $ 286,481 $ — $ — $ — $ 5,065 $ 291,546 $ — $ (212 ) $ 291,334 Net fair value gains on loans and related obligations — 68,449 5,431 — 2,750 76,630 — 33 76,663 Fee income 32,731 524 8,930 76,383 36,191 154,759 — 6,612 161,371 Net interest income (expense) Interest income 12,483 — — 28 138 12,649 12 — 12,661 Interest expense (11,592 ) — — (64 ) (14,954 ) (26,610 ) (7,756 ) — (34,366 ) Net interest income (expense) 891 — — (36 ) (14,816 ) (13,961 ) (7,744 ) — (21,705 ) Total revenue 320,103 68,973 14,361 76,347 29,190 508,974 (7,744 ) 6,433 507,663 Total expenses 224,246 23,693 13,391 62,970 24,406 348,706 18,683 5,925 373,314 Other, net — 34 149 2 895 1,080 (9,464 ) (508 ) (8,892 ) Net income (loss) before taxes $ 95,857 $ 45,314 $ 1,119 $ 13,379 $ 5,679 $ 161,348 $ (35,891 ) $ — $ 125,457 Depreciation and amortization $ 1,423 $ 151 $ 125 $ 1,268 $ 146 $ 3,113 $ 371 $ — $ 3,484 Total assets 2,425,529 35,861 82,375 125,317 17,378,088 20,047,170 379,562 (326,313 ) 20,100,419

Liquidity and Capital Requireme

Liquidity and Capital Requirements	3 Months Ended
Liquidity and Capital Requirements	Mar. 31, 2022
Liquidity And Capital Requirements [Abstract]
Liquidity and Capital Requirements	23. Liquidity and Capital Requirements FAM In addition to the covenant requirements of FAM mentioned in Note 16 - Other Financing Lines of Credit, FAM is subject to various regulatory capital requirements administered by HUD as a result of their mortgage origination and servicing activities. HUD governs non-supervised, Failure to meet minimum capital requirements can result in certain mandatory remedial actions and potentially result in additional discretionary remedial actions by regulators that, if undertaken, could: (i) remove FAM’s ability to sell and service loans to or on behalf of the Agencies; and (ii) have a direct material effect on FAM’s financial statements, results of operations and cash flows. In accordance with the regulatory capital guidelines, FAM must meet specific quantitative measures of cash, assets, liabilities, profitability and certain off-balance Among FAM’s various capital requirements related to its outstanding mortgage origination and servicing agreements, the most restrictive of these requires FAM to maintain a minimum adjusted net worth balance as of the end of the most recent fiscal quarter of $183.1 million as of March 31, 2022. FAM’s adjusted net worth was $301.1 million as of March 31, 2022. FAM is also subject to requirements related to material declines in quarterly and two consecutive quarter tangible net worth. As of March 31, 2022, FAM was in compliance with these covenants. In addition, FAM is required to maintain both fidelity bond and errors and omissions insurance coverage at tiered levels based on the aggregate UPB of the loans serviced by FAM throughout the year. FAM is required to conduct compliance testing at least quarterly to ensure compliance with the foregoing requirements. As of March 31, 2022, FAM was in compliance with applicable requirements. FAR As an issuer of HMBS, FAR is required by Ginnie Mae to maintain minimum net worth, liquidity and capitalization levels as well as minimum insurance levels. The net worth required is $5.0 million plus 1% of FAR’s commitment authority from Ginnie Mae. The liquidity requirement is for 20% of FAR’s required net worth to be in the form of cash or cash equivalent assets. FAR is required to maintain a ratio of 6% of net worth to total assets. As of March 31, 2022, FAR was in compliance with the minimum net worth, liquidity, capitalization levels and insurance requirements of Ginnie Mae. The minimum tangible net worth required of FAR by Ginnie Mae was $106.6 million as of March 31, 2022. FAR’s actual net worth calculated based on Ginnie Mae guidance was $439.0 million as of March 31, 2022. The Company was therefore in compliance with all net worth requirements. In addition, FAR is required to maintain both fidelity bond and errors and omissions insurance coverage at tiered levels based on the aggregate UPB of the loans serviced by FAR throughout the year. FAR is required to conduct compliance testing at least quarterly to ensure compliance with the foregoing requirements. As of March 31, 2022, FAR was in compliance with applicable requirements. Incenter Incenter Securities Group LLC (“ISG”), one of the operating subsidiaries of Incenter, operates in a highly regulated environment and is subject to federal and state laws, SEC rules and Financial Industry Regulatory Authority (“FINRA”) rules and guidance. Applicable laws and regulations, among other things, restrict permissible activities and require compliance with a wide range of financial and customer-related protections. The consequences of noncompliance can include substantial monetary and nonmonetary sanctions. In addition, ISG is subject to comprehensive examination by its regulators. These regulators have broad discretion to impose restrictions and limitations on the operations of the Company and to impose sanctions for noncompliance. ISG is subject to the SEC’s Uniform Net Capital Rule (SEC Rule 15c3-1) Additionally, the ISG claims the exemption provision of SEC Rule 15c3-3(k)(2)(ii). No. 34-70073 240.17a-5 15c2-4. Agents National Title Insurance Company (“ANTIC”), an operating subsidiary of Incenter, has additional capital requirements. The State of Missouri and State of Alabama require domestic title insurance underwriters maintain minimum capital and surplus of $1.6 million and $0.2 million, respectively. Failure to comply with these provisions may result in various actions up to and including surrender of the certificate of authority. Additionally, in October 2019, ANTIC entered into a capital maintenance agreement in conjunction with the approval for the certificate of authority for California. This agreement requires ANTIC to maintain a minimum of $8.0 million in policyholder surplus. If ANTIC falls below this requirement in any given quarter, Incenter must contribute cash, cash equivalents securities or other instruments to bring ANTIC in compliance. The Company’s insurance company subsidiaries met the existing minimum statutory capital and surplus requirements as of March 31, 2022. ANTIC is also required to maintain bonds, certificates of deposit and interest bearing accounts in accordance with applicable state regulatory requirements. The total requirement was $4.0 million across all states as of March 31, 2022. The Company was in compliance with these requirements as of March 31, 2022.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	24. Related Party Transactions Promissory Notes The Company had two Revolving Working Capital Promissory Note Agreements (the “2021 Promissory Notes”) outstanding with BTO Urban Holdings re-borrowed per annum mature in were t amounts outstanding and no interest on these notes paid during the Successor three months ended March 31, 2022 or for Agricultural Loans In 2019, the Company entered into an Amended and Restated Limited Liability Company Agreement with FarmOp Capital Holdings, LLC (“FarmOps”) in which the Company acquired an equity investment in FarmOps. Subsequent to this agreement, the Company agreed to purchase originated agricultural loans from FarmOps. The Company purchased agricultural loans and had total funded draw amounts of $73.3 million and $88.7 million, respectively, for the Successor three months ended March 31, 2022, and $83.0 million and $82.1 million, respectively, for the Predecessor period from January 1, 2021 to March 31, 2021. The Company had promissory notes outstanding with FarmOps of $4.2 million and $4.1 million, including accrued interest, as of March 31, 2022 and December 31, 2021, respectively. In July 2021, upon meeting the contractual exercise condition, the Company exercised its warrant for the purchase of 6,426,015 Series A-2 Cloudvirga In 2017 and 2019, the Company purchased preferred and common stock investments in Cloudvirga, Inc. (“Cloudvirga”). Subsequent to its investment, the Company entered into a software development arrangement in which Cloudvirga agreed to develop software in addition to providing certain technology services for the Company. In May 2021, Cloudvirga merged with an unaffiliated third party, causing the liquidation of all shares held by the Company. As such, the fair value assumptions used to determine the holding value of such preferred equity were updated by the Company and resulted in an impairment of the equity investment of $9.3 million in the Predecessor period from January 1, 2021 to March 31, 2021. As a result of this liquidation of all shares held by the Company, the related party relationship was terminated. For the Predecessor period from January 1, 2021 to March 31, 2021, $1.7 million was capitalized related to the development of the software and will be amortized over a 12 month period from the date placed in service. Professional fees paid to Cloudvirga, in exchange for the technology services, were $0.6 million for the Predecessor period from January 1, 2021 to March 31, 2021. Nonrecourse MSR Financing Liability, at Fair Value In 2020, the Company entered into a nonrevolving facility commitment with various related parties, to sell beneficial interests in the servicing fees generated from its originated or acquired MSRs. Under these agreements, the Company has agreed to sell excess servicing income or pay an amount equal to excess servicing income to third parties, in each case, taking into account cost of servicing and ancillary income related to the identified MSRs in exchange for an upfront payment equal to the purchase price or fair value of the identified MSRs. These transactions are accounted for as financings. As of March 31, 2022 and December 31, 2021, the Company had an outstanding advance of $160.1 million and $115.4 million, respectively, against this commitment for the purchase of beneficial interests in servicing fees associated with MSRs with a fair value of The Company has also entered into Investment Management Agreements with these third parties to serve as the investment manager, in which the Company performs various advisory services to the investors in exchange for a management fees. Management fees amounted to $0.1 million for the Successor three months ended March 31, 2022 and $0.1 million for the Predecessor period from January 1, 2021 to March 31, 2021. Senior Notes Related parties of FoA purchased notes in the high-yield debt offering in November 2020 in an aggregate principal amount of $135.0 million.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	25. Income Taxes The components of income tax expense were as follows: For the three January 1, 2021 to March 31, 2021 Successor Predecessor Net income before income taxes $ (77,330 ) $ 125,457 Provision for income taxes (13,335 ) 1,137 Effective tax provision rate 17.24 % 0.91 % The Company’s effective tax rate for the three months ended March 31, 2022 differs from the U.S.’s statutory rate primarily due to anticipated state statutory income tax rates as well as the projected mix of earnings or loss attributable to the noncontrolling interest not allocable to FoA. Prior to the Business Combination, FoA Equity operated as a U.S. Partnership which, generally, are not subject to federal and state income taxes. After the Business Combination, FoA is taxed as a corporation and is subject to corporate federal, state and local taxes on the income allocated to it from FoA Equity, based upon FoA’s economic interest in FoA Equity, as well as any stand-alone income or loss it generates. FoA Equity and its disregarded subsidiaries are treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, FoA Equity is not subject to U.S. federal and certain state and local income taxes. FoA Equity’s members, including FoA, are liable for federal, state and local income taxes based on their allocable share of FoA Equity’s pass-through taxable income or loss. FoA Equity wholly owns Campus Door Inc., BNT Title Company of California, ANTIC Inc. and Silvernest Inc., which are regarded corporate subsidiaries for tax purposes. FoA Equity’s regarded corporate subsidiaries are subject to corporate federal, state and local taxes on income they generate. As such, the consolidated tax provision of FoA includes corporate taxes that it incurs based on its flow-through income from FoA Equity as well as its allocable portion of corporate taxes that are incurred by its regarded subsidiaries. The Company recognizes deferred tax assets to the extent it believes these assets are more-likely-than-not The Company recognizes uncertain income tax positions when it is not more-likely-than-not . No interest or penalties were recognized in income tax expense for the Successor three months ended March 31, 2022. Tax positions taken in tax years that remain open under the statute of limitations will be subject to examinations by tax authorities. With few exceptions, the Company is no longer subject to state or local examinations by tax authorities for tax years ended December 31, 2017 or prior.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per share	26. Earnings Per Share Basic net income per share is based on the weighted average number of shares of Class A Common Stock issued and outstanding during the Successor period. Diluted net income per share is based on the weighted average number of shares of Class A Common Stock issued and outstanding and the effect of all dilutive common stock equivalents and potentially dilutive share based compensation awards outstanding during the Successor period. For the Predecessor periods, FoA Equity’s capital structure consisted of a single class of outstanding membership units which are held by one member, UFG. Therefore, the Company has omitted earnings per unit for the Predecessor periods presented due to the limited number of LLC unit holders. The following tables reconcile the numerators and denominators used in the computations of both basic and diluted earnings per share for the Successor periods (in thousands, except share data and per share amounts): For the three months ended Successor Basic net loss per share: Numerator Net loss $ (63,995 ) Less: loss attributable to noncontrolling interests (1) (55,502 ) Net loss attributable to holders of Class A Common Stock - basic $ (8,493 ) Denominator Weighted average shares of Class A Common Stock outstanding - basic 60,773,891 Basic net loss per share $ (0.14 ) (1) The Class A LLC Units of FoA Equity, held by the Continuing Unitholders, which comprise the noncontrolling interest in the Company, represents a participating security. Therefore, the numerator was adjusted to reduce net income by the amount of net income attributable to noncontrolling interests. Additionally, the Class B Common Stock does not participate in earnings or losses of the Company and therefore is not a participating security. The Class B Common Stock has not been included in either the basic or diluted net income per share calculations. Loss attributable to noncontrolling interest includes an allocation of expense related to the A&R MLTIP. See Note 21 — Equity Based Compensation for additional details. For the three Successor Diluted net loss per share: Numerator Net loss attributable to holders of Class A Common Stock $ (8,493 ) Reallocation of net loss assuming exchange of Class A LLC Units (1) (48,753 ) Net loss attributable to holders of Class A Common Stock - diluted $ (57,246 ) Denominator Weighted average shares of Class A Common Stock outstanding - basic 60,773,891 Effect of dilutive securities: Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock (2) 128,675,045 Weighted average shares of Class A Common Stock outstanding - diluted 189,448,936 Diluted net loss per share $ (0.30 ) (1) This adjustment assumes the after-tax if-converted Following the terms of the A&R LLC Agreement, the Class A LLC unitholders will initially bear approximately 85% of the cost of any vesting associated with the Replacement RSUs and Earnout Right RSUs prior to any distribution by the Company to such Class A LLC unitholders. The remaining compensation cost associated with the Replacement RSUs and Earnout Right RSUs will be born by FoA for the share attributable to Blackstone Tactical Opportunities Fund (Urban Feeder) - NQ L.P., a Delaware limited partnership (“Blocker”). As a result of the application of the if-converted (2) The diluted weighted average shares outstanding of Class A Common Stock includes the effects of the if-converted one-for-one In addition to the Class A LLC Units, the Company also had RSUs outstanding during the Successor three months ended March 31, 2022. The effects of the RSUs following the treasury stock method have been excluded from the computation of diluted net loss per share given that the if-converted

Equity

Equity	3 Months Ended
Equity	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Equity	27. Equity Class A Common Stock As of March 31, 2022 (Successor), there were 65,074,069 shares of Class A Common Stock outstanding, consisting of 60,815,569 issued and outstanding “catch-up” issued and outstanding C Pursuant to the Exchange Agreement, the Continuing Unitholders may elect to exchange their Class A LLC Units for shares of Class A Common Stock on a one-for-one Class B Common Stock As of March 31, 2022, there are 15 shares of Class B Common Stock outstanding, all holders of which are Class A LLC Unit holders. The Class B Common Stock, par value $0.0001 per share, has no economic rights but entitles each holder of at least one such share (regardless of the number of shares so held) to a number of votes that is equal to the aggregate number of Class A LLC Units held by such holder on all matters on which shareholders of the Company are entitled to vote generally. Class A LLC Units In connection with the Business Combination, the Company, FoA Equity and the Continuing Unitholders entered into an Exchange Agreement. The Exchange Agreement sets forth the terms and conditions upon which holders of Class A LLC Units may exchange their Class A LLC Units for shares of Class A Common Stock on a one-for-one

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2022
Accounting Policies [Line Items]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements comprise the financial statements of FoA and its controlled subsidiaries for the Successor three months ended March 31, 2022, and the financial statements of FoA Equity and its controlled subsidiaries for the Predecessor three months ended March 31, 2022. The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). In the opinion of the Company, the accompanying financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of its financial condition as of March 31, 2022, and its results of operations and cash flows for the three months ended March 31, 2022 and 2021. The Condensed Consolidated Statement of Financial Condition at December 31, 2021 was derived from audited financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the interim period are not necessarily indicative of the results that may be expected for any future period or for the full year. The condensed consolidated interim financial statements, including the significant accounting policies, should be read in conjunction with the annual 10-K 10-K The significant accounting policies, together with the other notes that follow, are an integral part of the condensed consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates and assumptions due to factors such as changes in the economy, interest rates, secondary market pricing, prepayment assumptions, home prices or discrete events affecting specific borrowers, and such differences could be material.
Recently Adopted Accounting Guidance	Recently Adopted Accounting Guidance Standard Description Effective Date Effect on Condensed Consolidated ASU 2021-04, 470-50), 815-40): The amendments in this Update affect all entities that issue freestanding written call options that are classified in equity. Specifically, the amendments affect those entities when a freestanding equity-classified written call option is modified or exchanged and remains equity classified after the modification or exchange. The amendments that relate to the recognition and measurement of EPS for certain modifications or exchanges of freestanding equity-classified written call options affect entities that present EPS in accordance with the guidance in Topic 260, Earnings Per Share. January 1, 2022 The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements and related disclosures, as the Company does not currently issue freestanding written call options.
Recently Issued Accounting Guidance, Not Yet Adopted	Recently Issued Accounting Guidance, Not Yet Adopted as of March 31, 2022 Standard Description Date of Planned Effect on Condensed Consolidated ASU 2020-04, The amendments in this Update provide temporary optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference London Inter-Bank Offered Rate (“LIBOR”) or other interbank offered rates expected to be discontinued. TBD This ASU is effective from March 12, 2020 through December 31, 2024. The Company continues to monitor the impact associated with reference rate reform, and will apply the amendments in this update to account for contract modifications due to changes in reference rates once those occur. The adoption of this standard is not expected to have a material impact on our condensed consolidated financial statements and related disclosures. ASU 2021-01, In January 2021, FASB issued an Update which refines the scope of ASU Topic 848 and clarifies the guidance issued to facilitate the effects of reference rate reform on financial reporting. The amendment permits entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, computing variation margin settlements and calculating price alignment interest in connection with reference rate reform activities. ASU 2021-08, In October 2021, the FASB issued ASU 2021-08 January 1, 2023 This ASU is effective for all business combinations occurring after January 1, 2023. Adoption of this standard is not expected to have a material impact on our condensed consolidated financial statements and related disclosures.

Variable Interest Entities an_2

Variable Interest Entities and Securitizations (Tables)	3 Months Ended
Variable Interest Entities and Securitizations (Tables)	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of the Assets and Liabilities of the Company's Consolidated Variable Interest Entities	The following table presents the assets and liabilities of the Company’s consolidated VIEs, which are included in the Condensed Consolidated Statements of Financial Condition and excludes intercompany balances, except for retained bonds and beneficial interests (in thousands): March 31, December 31, ASSETS Restricted cash $ 303,232 $ 311,652 Loans held for investment, subject to nonrecourse debt, at fair value 6,103,454 6,099,607 Other assets, net 73,701 67,593 TOTAL ASSETS $ 6,480,387 $ 6,478,852 LIABILITIES Nonrecourse debt, at fair value $ 6,268,232 $ 6,088,298 Payables and other liabilities 633 428 TOTAL VIE LIABILITIES 6,268,865 6,088,726 Retained bonds and beneficial interests eliminated in consolidation (236,076 ) (231,229 ) TOTAL CONSOLIDATED LIABILITIES $ 6,032,789 $ 5,857,497
Summary of the Outstanding Collateral and Certificate Balances for Securitization Trusts	The following table presents a summary of the outstanding collateral and certificate balances for securitization trusts for which the Company was the transferor and that were not consolidated by the Company (in thousands): March 31, December 31, Unconsolidated securitization trusts: Total collateral balances – UPB $ 1,056,341 $ 1,085,340 Total certificate balances $ 1,056,341 $ 1,085,340

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
Fair Value (Tables)	Mar. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Summary of the recognized assets and liabilities that are measured at fair value on a recurring basis	The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis (in thousands): March 31, 2022 Total Fair Level 1 Level 2 Level 3 Assets Loans held for investment, subject to HMBS related obligations $ 10,672,152 $ — $ — $ 10,672,152 Loans held for investment, subject to nonrecourse debt: Reverse mortgage loans 5,830,105 — — 5,830,105 Fix & flip mortgage loans 405,885 — — 405,885 Loans held for investment: Reverse mortgage loans 1,103,163 — — 1,103,163 Fix & flip mortgage loans 69,962 — — 69,962 Agricultural loans 45,865 — — 45,865 Loans held for sale: Residential mortgage loans 1,500,785 — 1,480,312 20,473 SRL 131,137 — — 131,137 Portfolio 77,435 — — 77,435 MSRs 426,102 — — 426,102 Derivative assets: Forward commitments, TBAs, and Treasury Futures 2,172 — 2,172 — IRLCs 2,736 — — 2,736 Forward MBS 34,867 — 34,867 — Interest rate swap futures 241,430 241,430 — — Other assets: Investments 6,000 — — 6,000 Retained bonds 50,875 — — 50,875 Total assets $ 20,600,671 $ 241,430 $ 1,517,351 $ 18,841,890 Liabilities HMBS related obligations $ 10,548,131 $ — $ — $ 10,548,131 Nonrecourse debt: Nonrecourse debt in consolidated VIE trusts 6,032,157 — — 6,032,157 Nonrecourse commercial loan financing liability 127,639 — — 127,639 Nonrecourse MSR financing liability 163,981 — — 163,981 Deferred purchase price liabilities: Deferred purchase price liabilities 7,852 — — 7,852 TRA obligation 29,380 — — 29,380 Derivative liabilities: Forward MBS 1,183 — 1,183 — Forward commitments, TBAs, and Treasury Futures 57 57 — — Interest rate swap futures 90,124 90,124 0 — Warrant Liability 5,648 5,648 — — Total liabilities $ 17,006,152 $ 95,829 $ 1,183 $ 16,909,140 December 31, 2021 Total Fair Level 1 Level 2 Level 3 Assets Loans held for investment, subject to HMBS related obligations $ 10,556,054 $ — $ — $ 10,556,054 Loans held for investment, subject to nonrecourse debt: Reverse mortgage loans 5,823,301 — — 5,823,301 Fix & flip mortgage loans 394,893 — — 394,893 Loans held for investment: Reverse mortgage loans 940,604 — — 940,604 Fix & flip mortgage loans 62,933 — — 62,933 Agricultural loans 27,791 — — 27,791 Loans held for sale: Residential mortgage loans 1,902,952 — 1,885,627 17,325 SRL 98,852 — — 98,852 Portfolio 50,574 — — 50,574 MSRs 427,942 — — 427,942 Derivative assets: Forward commitments, TBAs, and Treasury Futures 1,763 — 1,763 — IRLCs 23,222 — — 23,222 Forward MBS 1,235 — 1,235 — Interest rate swap futures 22,650 22,650 — — Other assets: Investments 6,000 — — 6,000 Retained bonds 55,614 — — 55,614 Total assets $ 20,396,380 $ 22,650 $ 1,888,625 $ 18,485,105 Liabilities HMBS related obligations $ 10,422,358 $ — $ — $ 10,422,358 Nonrecourse debt: Nonrecourse debt in consolidated VIE trusts 5,857,069 — — 5,857,069 Nonrecourse commercial loan financing liability 111,738 — — 111,738 Nonrecourse MSR financing liability 142,435 — — 142,435 Deferred purchase price liabilities: Deferred purchase price liabilities 12,852 — — 12,852 TRA obligation 29,380 — — 29,380 Derivative liabilities: Forward MBS 1,644 — 1,644 — Forward commitments, TBAs, and Treasury Futures 186 108 78 — Interest rate swap futures 24,848 24,848 — — Warrant Liability 5,497 5,497 — — Total liabilities $ 16,608,007 $ 30,453 $ 1,722 $ 16,575,832
Fair value, assets measured on recurring basis, unobservable input reconciliation	Assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3, in thousands): Successor Assets March 31, 2022 Loans held for Loans held for Loans held Derivative MSRs Retained Investments Beginning balance, January 1, 2022 $ 11,587,382 $ 6,218,194 $ 166,750 $ 23,222 $ 427,942 $ 55,614 $ 6,000 Total gain or losses included in earnings (35,895 ) (313,720 ) (7,040 ) (20,486 ) 52,368 (3,289 ) — Purchases, settlements and transfers: Purchases and additions, net 1,848,155 30,342 396,020 — 53,444 — — Sales and settlements (612,624 ) (586,276 ) (329,590 ) — (107,652 ) (1,450 ) — Transfers in/(out) between categories (895,876 ) 887,450 2,905 — — — — Ending balance, March 31, 2022 $ 11,891,142 $ 6,235,990 $ 229,045 $ 2,736 $ 426,102 $ 50,875 $ 6,000 Successor Liabilities March 31, 2022 HMBS related Deferred Nonrecourse Nonrecourse Nonrecourse TRA Beginning balance, January 1, 2022 $ (10,422,358 ) $ (12,852 ) $ (5,857,069 ) $ (111,738 ) $ (155,108 ) $ (29,380 ) Total gains or losses included in earnings 85,582 — 105,340 254 (16,038 ) — Purchases, settlements and transfers: Purchases and additions, net (948,682 ) — (1,048,499 ) (60,658 ) 7,165 — Sales and settlements 737,327 5,000 768,072 44,502 — — Transfers in/(out) between categories — — — — — — Ending balance, March 31, 2022 $ (10,548,131 ) $ (7,852 ) $ (6,032,156 ) $ (127,640 ) $ (163,981 ) $ (29,380 )
Fair value, liabilities measured on recurring basis, unobservable input reconciliation	Predecessor Assets March 31, 2021 Loans held for Loans held Loans held Derivative MSRs Investments Beginning balance, January 1, 2021 $ 10,659,984 $ 5,396,167 $ 152,854 $ 88,660 $ 180,684 $ 18,934 Total gain or losses included in earnings 132,499 (37,757 ) 2,764 (50,040 ) 20,349 (9,464 ) Purchases, settlements and transfers: Purchases and additions, net 1,143,109 21,064 175,551 — 74,978 — Sales and settlements (534,738 ) (360,128 ) (152,579 ) (46 ) (8,647 ) — Transfers in/(out) between categories (229,118 ) 272,098 (42,909 ) — — — Ending balance, March 31, 2021 $ 11,171,736 $ 5,291,444 $ 135,681 $ 38,574 $ 267,364 $ 9,470 Predecessor Liabilities March 31, 2021 HMBS Derivative Deferred Nonrecourse Nonrecourse Beginning balance, January 1, 2021 $ (9,788,668 ) $ (1,084 ) $ (3,842 ) $ (5,257,754 ) $ (14,088 ) Total gain or losses included in earnings (41,434 ) — (29 ) (30,770 ) 390 Purchases, settlements and transfers: Purchases and additions, net (602,172 ) — — (575,668 ) (8,353 ) Sales and settlements 506,142 148 657 658,300 — Ending balance, March 31, 2021 $ (9,926,132 ) $ (936 ) $ (3,214 ) $ (5,205,892 ) $ (22,051 )
Summary of the fair value and unpaid principal balance ("UPB")	Fair Value Option The Company has elected to measure substantially all of its loans held for investment, loans held for sale, HMBS related obligations and non-recourse 825-10, Financial Instruments-Overall. March 31, 2022 Estimated Fair Unpaid Principal Assets at fair value under the fair value option Loans held for investment, subject to HMBS related obligations $ 10,672,152 $ 10,109,820 Loans held for investment, subject to nonrecourse debt: Reverse mortgage loans 5,830,105 5,481,952 Commercial mortgage loans 405,885 404,974 Loans held for investment: Reverse mortgage loans 1,103,163 988,321 Commercial mortgage loans 115,827 115,091 Loans held for sale: Residential mortgage loans 1,500,785 1,499,525 Commercial mortgage loans 208,572 211,516 Liabilities at fair value under the fair value option HMBS related obligations 10,548,131 10,109,820 Nonrecourse debt: Nonrecourse debt in consolidated VIE trusts 6,032,157 6,152,713 Nonrecourse MSR financing liability 163,981 163,981 Nonrecourse commercial loan financing liability 127,639 123,900 December 31, 2021 Estimated Fair Unpaid Principal Assets at fair value under the fair value option Loans held for investment, subject to HMBS related obligations $ 10,556,054 $ 9,849,835 Loans held for investment, subject to nonrecourse debt: Reverse mortgage loans 5,823,301 5,165,479 Commercial mortgage loans 394,893 388,788 Loans held for investment: Reverse mortgage loans 940,605 815,426 Commercial mortgage loans 90,723 89,267 Loans held for sale: Residential mortgage loans 1,902,953 1,859,788 Commercial mortgage loans 149,425 145,463 Liabilities at fair value under the fair value option HMBS related obligations 10,422,358 9,849,835 Nonrecourse debt: Nonrecourse debt in consolidated VIE trusts 5,857,069 5,709,946 Nonrecourse MSR financing liability 142,435 142,435 Nonrecourse commercial loan financing liability 111,738 107,744
Summary of the components of net fair value gains on mortgage loans and related obligations	Provided in the table below is a summary of the components of net fair value gains on loans and related obligations (in thousands): For the three months January 1, 2021 to March 31, 2021 Successor Predecessor Net fair value gains (losses) on loans and related obligations: Interest income on commercial and reverse loans $ 163,694 $ 160,568 Change in fair value of loans (507,327 ) (51,346 ) Change in fair value of MBS — — Net fair value gains (losses) on loans (343,633 ) 109,222 Interest expense on HMBS and nonrecourse obligations (106,643 ) (119,201 ) Change in fair value of derivatives 165,579 43,972 Change in fair value of related obligations 295,132 42,670 Net fair value gains (losses) on related obligations 354,068 (32,559 ) Net fair value gains (losses) on loans and related $ 10,435 $ 76,663
Reverse Mortgage Loans Held for Investment, Subject to HMBS Related Obligations [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of loans held for investment, subject to HMBS related obligations, for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 21.6 % NM 20.8 % Loss frequency NM 4.2 % NM 4.5 % Loss severity 2.4% - 6.9 % 2.6 % 3.1% - 7.7 % 3.3 % Discount rate NM 3.4 % NM 2.4 % Average draw rate NM 1.1 % NM 1.1 %
HECM Buyouts [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of nonperforming securitized HECM buyouts for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 39.7 % NM 41.2 % Loss frequency NM 60.5 % 25.0% - 100 % 59.5 % Loss severity 2.4% - 6.9 % 3.1 % 3.1% -7.7 % 4.3 % Discount rate NM 5.8 % NM 4.1 %
HECM Buyouts Securitized [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	T he following table presents the weighted average significant unobservable assumptions used in the fair value measurement of performing securitized HECM buyouts for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) NM 9.0 NM 9.0 Conditional repayment rate NM 13.4 % NM 13.3 % Loss severity 2.4% - 6.9 % 6.9 % 3.1% - 7.7 % 7.7 % Discount rate NM 5.0 % NM 3.7 %
Non Agency Reverse Mortgage Securitized [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	T non-agency March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) NM 7.8 NM 7.5 Loan to value 0.1% - 69.0 % 43.1 % 0.1% - 64.7 % 43.4 % Conditional repayment rate NM 17.5 % NM 18.6 % Loss severity NM 10.0 % NM 10.0 % Home price appreciation -4.3% - 15.8 % 4.7 % -4.6% - 14 % 4.7 % Discount rate NM 4.9 % NM 3.6 %
Fix And Flip Securitized Commercial Mortgage Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The Company utilized the following weighted average assumptions in estimating the fair value of securitized Fix & Flip mortgage loans for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (SMM) NM 14.4 % NM 14.1 % Discount rate NM 7.5 % NM 5.7 % Loss frequency 0.3% - 72.9 % 0.6 % 0.3% - 69.0 % 0.6 %
Inventory Buyout [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of Inventory Buyouts classified as loans held for investment, at fair value for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 44.9 % NM 43.2 % Loss frequency NM 68.3 % NM 59.4 % Loss severity 2.4% -6.9 % 4.9 % 3.1% - 7.7 % 3.8 % Discount rate NM 5.8 % NM 4.1 %
Non Agency Reverse Mortgage Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of non-agency March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) NM 9.9 NM 9.2 Loan to value 2.9% - 69.1 % 47.2 % 0.2% - 68.7 % 47.8 % Conditional repayment rate NM 13.6 % NM 14.8 % Loss severity NM 10.0 % NM 10.0 % Home price appreciation -4.3% - 15.8 % 4.3 % -4.6% - 14.0 % 4.4 % Discount rate NM 4.9 % NM 3.6 %
Commercial Mortgage Agricultural Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The Company utilized the following assumptions in estimating the fair value of agricultural loans for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Discount rate NM 6.2 % NM 4.8 % Prepayment rate (SMM) 9.0% - 100.0 % 19.6 % 9.0% - 100.0 % 22.1 % Default rate (CDR) 0.0% - 1.0 % 0.9 % 0% - 0.7 % 0.9 %
Commercial Mortgage Fix and Flip Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The Company utilized the following weighted average assumptions in estimating the fair value of Fix & Flip loans for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (SMM) NM 11.2 % NM 11.9 % Discount rate 7.5% - 10.9 % 7.6 % 5.7% - 10.0 % 5.9 % Loss frequency NM 0.4 % NM 0.4 %
Commercial Mortgage Single Rental Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The Company utilized the following weighted average assumptions in estimating the fair value of SRL mortgage loans held for sale for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (CPR) 18.0% - 25.0 % 18.3 % 1.0% - 17.1 % 14.2 % Discount rate NM 5.1 % NM 3.3 % Default rate (CDR) NM 1.0 % 1.0% - 57.2 % 2.2 %
Commercial Mortgage Portfolio Lending [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The Company utilized the following weighted average assumptions in estimating the fair value of Portfolio Lending mortgage loans held for sale for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Prepayment rate (CPR) 0.0% - 22.6 % 13.0 % 0.0% - 14.5 % 8.7 % Discount rate NM 4.9 % NM 3.9 % Default rate (CDR) NM 1.0 % 1.0% - 54.0 % 3.2 %
Mortgage Servicing Rights [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following tables summarize certain information regarding the servicing portfolio of retained MSRs for the periods indicated: March 31, December 31, Capitalization servicing rate 1.3 % 1.1 % Capitalization servicing multiple 5.0 4.4 Weighted average servicing fee (in basis points) 26 25 The Company utilized the following weighted average assumptions in estimating the fair value of MSRs: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average prepayment speed (CPR) 0.1% - 10.5 % 6.7 % 0% - 12.8 % 8.3 % Discount rate NM 8.3 % NM 8.5 % Weighted average delinquency rate 0.8% - 12.4 % 1.4 % 0.8% - 14.3 % 1.3 % The following table summarizes the estimated change in the fair value of MSRs from adverse changes in the significant assumptions (in thousands): March 31, 2022 Weighted Discount Weighted Impact on fair value of 10% adverse change $ (9,330 ) $ (15,406 ) $ (481 ) Impact on fair value of 20% adverse change $ (18,140 ) $ (29,748 ) $ (963 )
HMBS Related Obligations [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable inputs used in the fair value measurement of HMBS related obligations for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Conditional repayment rate NM 21.6 % NM 20.8 % Discount rate NM 3.3 % NM 2.3 %
Reverse Mortgage Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable assumptions used in the fair value measurements of nonrecourse debt for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Performing/Nonperforming HECM securitizations Weighted average remaining life (in years) 0.7-0.9 0.8 0.2 - 0.8 0.5 Conditional repayment rate 16.1% - 26.0 % 19.9 % 30.8% - 54.4 % 43.5 % Discount rate NM 4.1 % NM 2.3 % Securitized Non-Agency Weighted average remaining life (in years) 0.8-2.2 1.6 1.0 - 2.3 1.6 Conditional repayment rate 15.6% - 37.0 % 26.3 % 18.4% - 35.9 % 28.2 % Discount rate NM 4.0 % NM 2.2 %
Commercial Mortgage Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the significant unobservable assumptions used in the fair value measurements of nonrecourse debt for the periods indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Average Range Weighted Average Weighted average remaining life (in months) NM 3.7 NM 4.0 Weighted average prepayment speed (SMM) NM 15.7 % NM 14.0 % Discount rate NM 4.9 % NM 3.1 %
Non Recourse MSR Financing Liability [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The Company utilized the following weighted average assumptions in estimating the fair value of the outstanding nonrecourse MSR financing liability: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average prepayment speed (CPR) 0.7% - 10.5 % 6.6 % 2.0% - 11.0 % 7.7% Discount rate 8.1% - 10.1 % 8.5 % 8.1% - 10.1 % 9.1% Weighted average delinquency rate NM 1.3 % NM 1.3%
Retained Bonds [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement inputs and valuation techniques	The following table presents the weighted average significant unobservable assumptions used in the fair value measurement of retained bonds for the period indicated: March 31, 2022 December 31, 2021 Unobservable Assumptions Range Weighted Range Weighted Weighted average remaining life (in years) 2.5 - 24.7 5.0 2.6 - 25.0 5.1 Discount rate -2.6% - 8.9 % 4.1 % 1.9% - 8.2 % 2.7 %

Reverse Mortgage Portfolio Co_2

Reverse Mortgage Portfolio Composition (Tables)	3 Months Ended
Reverse Mortgage Portfolio Composition (Tables)	Mar. 31, 2022
Reverse Mortgages Portfolio Composition [Abstract]
Summary of the Company's Serviced Reverse Mortgage Portfolio Composition and the Remaining UPBs of the Reverse Mortgage Loan Portfolio	The table below summarizes the composition and the remaining UPB (in thousands) of the reverse mortgage loan portfolio serviced by the Company: March 31, December 31, Reverse mortgage loans: Reverse mortgage loans held for investment, subject to HMBS related obligations $ 10,109,820 $ 9,849,835 Reverse mortgage loans held for investment: Non-agency 601,067 432,144 Loans not securitized (1) 313,569 266,723 Unpoolable loans (2) 65,303 104,551 Unpoolable tails 8,382 12,008 Total reverse mortgage loans held for investment 988,321 815,426 Reverse mortgage loans held for investment, subject to nonrecourse debt: Performing HECM buyouts 304,503 289,089 Nonperforming HECM buyouts 656,608 590,729 Non-agency 4,520,841 4,285,661 Total reverse mortgage loans held for investment, subject to nonrecourse debt 5,481,952 5,165,479 Total owned reverse mortgage portfolio 16,580,093 15,830,740 Loans reclassified as government guaranteed receivable 56,372 48,625 Loans serviced for others 13,959 17,840 Total serviced reverse mortgage loan portfolio $ 16,650,424 $ 15,897,205 (1) Loans not securitized represent primarily newly originated loans. (2) Unpoolable loans represent primarily loans that have reached 98% of their MCA.
Summarizes the Owned Reverse Mortgage Portfolio by Product Type	The table below summarizes the reverse mortgage portfolio owned by the Company by product type (in thousands): March 31, December 31, Fixed rate loans $ 6,566,169 $ 5,384,865 Adjustable rate loans 10,013,924 10,445,875 Total owned reverse mortgage portfolio $ 16,580,093 $ 15,830,740

Loans Held for Investment, Su_3

Loans Held for Investment, Subject to HMBS Related Obligations, at Fair Value (Tables)	3 Months Ended
	Mar. 31, 2022
Reverse Mortgage Loans Held For Investment Subject To HMBS Related Obligations At Fair Value [Abstract]
Schedule of reverse mortgage loans held for investment subject to HMBS related obligations, fair value	Loans held for investment, subject to HMBS related obligations, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for investment, subject to HMBS related obligations - UPB $ 10,109,820 $ 9,849,835 Fair value adjustments 562,332 706,219 Total loans held for investment, subject to HMBS related obligations, at fair value $ 10,672,152 $ 10,556,054

Loans Held for Investment, Su_4

Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value (Tables)	3 Months Ended
	Mar. 31, 2022
Mortgage Loans Held For Investment Subject To Nonrecourse Debt At Fair Value [Abstract]
Schedule of mortgage loans held for investment subject to nonrecourse debt at fair value	Loans held for investment, subject to nonrecourse debt, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for investment, subject to nonrecourse debt - UPB: Reverse mortgage loans $ 5,481,952 $ 5,165,479 Commercial mortgage loans 404,974 388,788 Fair value adjustments 349,064 663,927 Total loans held for investment, subject to nonrecourse debt, at fair value $ 6,235,990 $ 6,218,194
Schedule of mortgage loans held for investment, subject to nonrecourse debt that were greater than 90 days past due and on non-accrual status	The table below shows the total amount of loans held for investment, subject to nonrecourse debt, that were greater than 90 days past due and on non-accrual March 31, December 31, Loans 90 days or more past due and on non-accrual Fair value: Commercial mortgage loans $ 23,399 $ 26,081 Total fair value 23,399 26,081 Aggregate UPB: Commercial mortgage loans 23,697 26,472 Total aggregate UPB 23,697 26,472 Difference $ (298 ) $ (391 )

Loans Held for Investment, at_2

Loans Held for Investment, at Fair Value (Tables)	3 Months Ended
Loans Held for Investment, at Fair Value (Tables)	Mar. 31, 2022
Mortgage Loans Held for Investment At Fair Value [Abstract]
Schedule of loans held for investment at fair value	Loans held for investment, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for investment - UPB: Reverse mortgage loans $ 988,321 $ 815,426 Commercial mortgage loans 115,091 89,267 Fair value adjustments 115,578 126,635 Total loans held for investment, at fair value $ 1,218,990 $ 1,031,328

Loans Held for Sale, at Fair _2

Loans Held for Sale, at Fair Value (Tables)	3 Months Ended
Loans Held for Sale, at Fair Value (Tables)	Mar. 31, 2022
Mortgage Loans Held for Sale At Fair Value [Abstract]
Schedule of mortgage loans held for sale at fair value	Loans held for sale, at fair value, consisted of the following for the dates indicated (in thousands): March 31, December 31, Loans held for sale - UPB: Residential mortgage and home improvement loans $ 1,499,525 $ 1,859,788 Commercial mortgage loans 211,516 145,463 Fair value adjustments (1,684 ) 47,127 Total loans held for sale, at fair value $ 1,709,357 $ 2,052,378
Schedule of mortgage loans held for sale that were greater than 90 days past due and on non-accrual status	The table below shows the total amount of loans held for sale that were greater than 90 days past due and on non-accrual March 31, December 31, Loans 90 days or more past due and on non-accrual Fair value: Residential mortgage and home improvement loans $ 3,495 $ 3,195 Commercial mortgage loans 2,549 3,163 Total fair value 6,044 6,358 Aggregate UPB: Residential mortgage loans 3,993 3,753 Commercial mortgage loans 2,676 3,323 Total aggregate UPB 6,669 7,076 Difference $ (625 ) $ (718 )
Summary of cash flows between transferor and transferees resulted from sale of mortgage loans held for sale	The table below shows a reconciliation of the changes in loans held for sale for the respective periods presented below (in thousands): For the three January 1, 2021 to March 31, 2021 Successor Predecessor Beginning balance $ 2,052,378 $ 2,222,811 Originations/purchases/repurchases 5,488,887 8,569,575 Proceeds from sales (5,872,779 ) (8,878,131 ) Loans acquired through business combinations — 35,226 Net transfers from loans held for investment 2,905 — Gain on loans held for sale, net 44,872 188,564 Net fair value gains on loans held for sale (6,906 ) 2,316 Ending balance $ 1,709,357 $ 2,140,361

Mortgage Servicing Rights, at_2

Mortgage Servicing Rights, at Fair Value (Tables)	3 Months Ended
Mortgage Servicing Rights, at Fair Value (Tables)	Mar. 31, 2022
Transfers and Servicing [Abstract]
Summary of servicing portfolio and its activities	The servicing portfolio associated with capitalized servicing rights consists of the following (in thousands): March 31, December 31, Fannie Mae/Freddie Mac $ 31,324,584 $ 37,079,995 Ginnie Mae 1,656,411 1,109,962 Private investors 1,077,563 1,109,459 Total UPB $ 34,058,558 $ 39,299,416 Weighted average interest rate 3.12 % 3.03 % The activity in the loan servicing portfolio associated with capitalized servicing rights consisted of the following (in thousands): For the three January 1, 2021 to March 31, 2021 Successor Predecessor Beginning UPB $ 39,299,416 $ 22,269,362 Originated MSRs 4,257,281 6,312,227 Purchased MSRs — 866,806 Sold MSRs (8,368,734 ) (1,090,267 ) Portfolio runoff (805,668 ) (1,488,977 ) Other (323,737 ) (193,793 ) Ending UPB $ 34,058,558 $ 26,675,358 The activity in the MSRs asset consisted of the following (in thousands): For the three January 1, 2021 to March 31, 2021 Successor Predecessor Beginning balance $ 427,942 $ 180,684 Originations 53,444 65,964 Purchases — 9,014 Sales (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
Summary of Information regarding loan servicing portfolio delinquencies percentages and unpaid balance	The following table provides a summary of the loan servicing portfolio delinquencies as a percentage of the total number of loans and the total UPB of the portfolio: March 31, 2022 December 31, 2021 Number of Unpaid Number of Unpaid Portfolio delinquency 30 days 0.4 % 0.4 % 0.4 % 0.3 % 60 days 0.1 % 0.1 % 0.1 % 0.0 % 90 or more days 0.1 % 0.1 % 0.1 % 0.1 % Total 0.6 % 0.6 % 0.6 % 0.4 % Foreclosure/real estate owned 0.0 % 0.0 % 0.0 % 0.0 %

Derivative and Risk Managemen_2

Derivative and Risk Management Activities (Tables)	3 Months Ended
Derivative and Risk Management Activities (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of derivative instruments	The following tables summarize the fair value, notional amount, and unrealized gains (losses) of derivative instruments (in thousands) for the periods indicated: March 31, 2022 Derivative assets Derivative liabilities Fair value Notional Unrealized Fair Notional Unrealized IRLCs $ 2,736 $ 2,182,604 $ (20,486 ) $ — $ — $ — Forward commitments, TBAs and Treasury Futures 2,172 81,737 408 57 362,000 129 Interest rate swaps and futures contracts 241,430 7,317,500 218,781 90,124 4,732,700 (65,276 ) Forward MBS 34,867 2,326,213 33,632 1,183 243,000 461 Net fair value of derivative financial instruments $ 281,205 $ 11,908,054 $ 232,335 $ 91,364 $ 5,337,700 $ (64,686 ) December 31, 2021 Derivative assets Derivative liabilities Fair Notional Unrealized Fair Notional Unrealized IRLCs $ 23,222 $ 2,047,938 $ (64,354 ) $ — $ — $ — Forward commitments, TBAs and Treasury Futures 1,763 6,171,300 (43 ) 186 6,113,000 1,146 Interest rate swaps and futures contracts 22,650 6,143,300 19,966 24,848 6,094,100 (24,093 ) Forward MBS 1,235 658,000 1,235 1,644 1,501,000 16,991 Net fair value of derivative financial instruments $ 48,870 $ 15,020,538 $ (43,196 ) $ 26,678 $ 13,708,100 $ (5,956 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
Goodwill (Tables)	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of goodwill	Goodwill consisted of the following (in thousands): As of March 31, As of March 31, Successor Predecessor Beginning balance $ — $ 121,233 Additions from acquisitions — 7,517 Ending balance $ — $ 128,750
Summary of goodwill allocated to each reporting unit consisted	As of March 31, As of March 31, Successor Predecessor Reporting units: Mortgage Originations $ — $ 51,946 Commercial Originations — 43,113 Lender Services — 25,247 Portfolio Management — 8,444 Total goodwill $ — $ 128,750

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	3 Months Ended
Intangible Assets, Net (Tables)	Mar. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of intangible assets	Intangible assets, net, consisted of the following (in thousands): March 31, 2022 Amortization Cost Accumulated Impairment Net Successor: Non-amortizing Trade name N/A $ 91,600 $ — $ — $ 91,600 Total non-amortizing $ 91,600 $ — $ — $ 91,600 Amortizing intangibles Broker/customer relationships 8 - 15 $ 541,100 $ (52,948 ) $ — $ 488,152 Trade names and other 5 - 10 10,937 (1,597 ) — 9,340 Total amortizing intangibles $ 552,037 $ (54,545 ) $ — $ 497,492 Total intangibles $ 643,637 $ (54,545 ) $ — $ 589,092 December 31, 2021 Amortization Cost Accumulated Impairment Net Successor: Non-amortizing Trade name N/A $ 178,000 $ — $ (86,400 ) $ 91,600 Total non-amortizing $ 178,000 $ — $ (86,400 ) $ 91,600 Amortizing intangibles Broker/customer relationships 8 - 15 $ 541,100 $ (39,711 ) $ — $ 501,389 Trade names and other 5 - 10 10,937 (1,026 ) — 9,911 Total amortizing intangibles $ 552,037 $ (40,737 ) $ — $ 511,300 Total intangibles $ 730,037 $ (40,737 ) $ (86,400 ) $ 602,900
Summary of estimated amortization expense	The estimated amortization expense for each of the five succeeding fiscal years and thereafter as of March 31, 2022 is as follows (in thousands): Year Ending December 31, Amount 2022 $ 41,645 2023 55,233 2024 55,233 2025 55,233 2026 55,126 Thereafter 235,022 Total future amortization expens e $ 497,492

HMBS Related Obligations, at _2

HMBS Related Obligations, at Fair Value (Tables)	3 Months Ended
HMBS Related Obligations, at Fair Value (Tables)	Mar. 31, 2022
Home Equity Conversion Mortgage Backed Security Related Obligations At Fair Value [Abstract]
Summary of HMBS related obligations, at fair value	HMBS related obligations, at fair value, consisted of the following (in thousands): March 31, 2022 December 31, 2021 Ginnie Mae loan pools - UPB $ 10,109,820 $ 9,849,835 Fair value adjustments 438,311 572,523 Total HMBS related obligations, at fair value $ 10,548,131 $ 10,422,358 Weighted average remaining life (in years) 4.4 4.6 Weighted average interest rate 2.6 % 2.5 %

Nonrecourse Debt, at Fair Val_2

Nonrecourse Debt, at Fair Value (Tables)	3 Months Ended
Nonrecourse Debt, at Fair Value (Tables)	Mar. 31, 2022
Debt Instruments [Abstract]
Summary of nonrecourse debt at fair value	Nonrecourse debt, at fair value, consisted of the following (in thousands): Issue Date Final Interest Original Issue March 31, December 31, Securitization of performing / nonperforming HECM loans July July 2030 0.88% $1,805,528 $1,026,869 $922,970 Securitization of non-agency May May 2023 1.25% 6,345,967 4,857,333 4,630,203 Securitization of Fix & Flip loans April November 2.10% 268,511 268,511 268,511 Total consolidated VIE nonrecourse debt UPB 6,152,713 5,821,684 Nonrecourse MSR financing liability, at fair value 163,981 142,435 Nonrecourse commercial loan financing liability (1) 123,900 107,744 Fair value adjustments (116,817 ) 39,379 Total nonrecourse debt, at fair value $ 6,323,777 $ 6,111,242 (1)
Summary Of Estimated Maturities For Nonrecourse Debt Fair Value	As of March 31, 2022, estimated maturities for nonrecourse debt, at fair value, for the next five years and thereafter are as follows (in thousands): Year Ending December 31, Estimated (1) 2022 $ 1,242,161 2023 2,644,434 2024 2,088,782 2025 301,236 Thereafter — Total payments on nonrecourse debt $ 6,276,613 (1) Nonrecourse MSR financing liability is excluded from this balance, as the timing of the payments of the nonrecourse MSR financing liability is dependent on the payments received on the underlying MSRs and no contractual maturity date is applicable.

Other Financing Lines of Cred_2

Other Financing Lines of Credit (Tables)	3 Months Ended
Other Financing Lines of Credit (Tables)	Mar. 31, 2022
Other Financing Lines Of Credit [Abstract]
Summary of components of other financing lines of credit	The following summarizes the components of other financing lines of credit (in thousands): Outstanding borrowings at Maturity Date Interest Rate Collateral Pledged Total (1) March 31, December 31, Mortgage Lines: April 2022 - June 2023 LIBOR/SOFR + First Lien $ 3,225,000 $ 1,431,784 $ 1,802,348 May 2022 - November 2022 LIBOR/ MSRs 95,329 110,885 138,524 March 2026 LIBOR + Mortgage Related 150,000 51,269 55,666 Subtotal mortgage lines of credit $ 3,470,329 $ 1,593,908 $ 1,996,538 Reverse Lines: April 2022 - April 2023 LIBOR + First Lien $ 1,275,000 $ 887,435 $ 714,013 April 2022 - September 2023 Bond accrual rate Mortgage Related 397,500 300,834 297,893 February 2024 LIBOR + MSRs 90,000 70,365 78,952 May 2022 Prime + .50%; Unsecuritized 50,000 44,257 38,544 Subtotal reverse lines of credit $ 1,812,500 $ 1,302,891 $ 1,129,402 Commercial Lines: June 2022 - August 2022 LIBOR/SOFR + Encumbered $ 125,000 $ 25,036 $ 25,127 April 2022 - January 2024 LIBOR + First Lien 432,500 237,921 167,159 August 2022 10% Second Lien 30,000 30,000 24,175 N/A LIBOR + Mortgage Related — — 5,041 Subtotal commercial lines of credit $ 587,500 $ 292,957 $ 221,502 Total other financing lines of credit $ 5,870,329 $ 3,189,756 $ 3,347,442 (1) Capacity is dependent upon maintaining compliance with, or obtaining waivers of, the terms, conditions and covenants of the respective agreements, including asset-eligibility requirements. Capacity amounts presented are as of March 31, 2022.
Summary of maximum allowable distributions available to the Company based on the most restrictive of such financial covenant ratios	As of March 31, 2022, the maximum allowable distributions available to the Company based on the most restrictive of such financial covenant ratios is presented in the table below (in thousands, except for ratios): Financial Covenants Requirement March 31, 2022 Maximum Allowable (1) FAM Adjusted Tangible Net Worth (2) $ 225,000 $ 243,900 $ 18,900 Liquidity 55,000 68,451 $ 13,451 Leverage Ratio 15:1 10.2:1 78,327 Material Decline in Lender Adjusted Net Worth: Lender Adjusted Tangible Net Worth (Quarterly (3) $ 161,235 $ 301,073 $ 139,838 Lender Adjusted Tangible Net Worth (Two-Consecutive Quarterly requirement) (3) 120,432 301,073 $ 180,641 FAR Adjusted Tangible Net Worth (2) $ 417,826 $ 452,613 $ 34,787 Liquidity 20,000 113,656 $ 93,656 Leverage Ratio 6:1 4.3:1 $ 126,542 (1) The Maximum Allowable Distribution for any of the originations subsidiaries is the lowest of the amounts shown for the particular originations (2) This amount is based on the most restrictive financing line of credit covenant. (3) This amount is the covenant calculation specific to FNMA. As of December 31, 2021, the maximum allowable distributions available to the Company based on the most restrictive of such financial covenant ratios is presented in the table below (in thousands, except for ratios): Financial Covenants Requirement December 31, 2021 Maximum Allowable (1) FAM Adjusted Tangible Net Worth (2) $ 150,000 $ 180,032 $ 30,032 Liquidity 40,000 43,734 3,734 Leverage Ratio 15:1 13.9:1 12,154 Material Decline in Lender Adjusted Net Worth: Lender Adjusted Tangible Net Worth (Quarterly requirement) (3) $ 150,539 $ 214,979 $ 64,440 Lender Adjusted Tangible Net Worth (Two-Consecutive (3) 114,830 214,979 100,149 FACo Adjusted Tangible Net Worth $ 85,000 $ 87,350 $ 2,350 Liquidity 20,000 32,728 12,728 Leverage Ratio 6:1 2.8:1 46,895 FAR Adjusted Tangible Net Worth $ 417,826 $ 527,443 $ 109,617 Liquidity 20,000 23,845 3,845 Leverage Ratio 6:1 2.9:1 264,134 (1) The Maximum Allowable Distribution for any of the originations subsidiaries is the lowest of the amounts shown for the particular originations subsidiary. (2) This amount is based on the most restrictive financing line of credit covenant. (3) This amount is the covenant calculation specific to FNMA.

Payables and Other Liabilities

Payables and Other Liabilities (Tables)	3 Months Ended
Payables and Other Liabilities (Tables)	Mar. 31, 2022
Payables and Accruals [Abstract]
Schedule of payables and other liabilities	Payables and other liabilities consisted of the following (in thousands): March 31, 2022 December 31, 2021 Accrued liabilities $ 259,133 $ 114,931 Derivative liabilities 91,364 26,678 Accrued compensation expense 82,052 129,919 Lease liabilities 62,933 65,518 Deferred purchase price liabilities 42,541 47,479 GNMA reverse mortgage buyout payable 33,601 31,274 Deferred tax liability, net 19,658 18,581 Estimate of claim losses 15,821 14,993 Liability for loans eligible for repurchase from GNMA 10,345 7,956 Repurchase reserves 7,856 8,685 Warrant liability 5,648 5,497 Total payables and other liabilities $ 630,952 $ 471,511

Notes Payable, Net (Tables)

Notes Payable, Net (Tables)	3 Months Ended
Notes Payable, Net (Tables)	Mar. 31, 2022
Notes Payable [Abstract]
Schedule of the outstanding notes payable	A summary of the outstanding notes payable, net, is presented in the table below (in thousands): Description Maturity Date Interest Rate March 31, 2022 December 31, 2021 Senior Unsecured Notes November 2025 7.9% $ 350,000 $ 350,000 Fair value adjustment, net of amortization (1) 3,196 3,383 Total notes payable, net $ 353,196 $ 353,383 (1) In conjunction with the Business Combination, the Company was required to adjust the liabilities assumed to fair value, resulting in a premium on the Notes and the elimination of the previously recognized debt issuance costs.

Equity Based Compensation (Tabl

Equity Based Compensation (Tables)	3 Months Ended
Equity Based Compensation (Tables)	Mar. 31, 2022
Replacement RS Us [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Activity of Grant	A summary of the each classification of RSU activity for the periods indicated is presented below in thousands, except for share information: Grant Date Fair Value Replacement RSUs Number of Number Total Weighted Total Fair Outstanding, December 31, 2021 10,392,226 20,640 10,412,866 $ 9.48 $ 98,714 Granted — — — — — Vested (722,398 ) 722,398 — — — Forfeited — — — — — Settled — (20,640 ) (20,640 ) 9.48 (196 ) Outstanding, March 31, 2022 9,669,828 722,398 10,392,226 $ 9.48 $ 98,518 On March 15, 2022, there was a good leaver event that resulted in 722,398 RSUs being vested. There are Replacement RSUs that , to December , on the first anniversary of the Business Combination ( ). Equity based compensation expense for the Replacement RSUs totaled $ million and $ for the Successor months ended March , and the Predecessor period from January , to March , , respectively. Unrecognized equity based compensation expense for the Replacement RSUs totaled $ million as of March , . Grant Date Fair Value Earnout Right RSUs Number of Number Total Weighted Total Fair Outstanding, December 31, 2021 1,531,440 — 1,531,440 $ 8.91 $ 13,638 Granted — — — — — Forfeited — — — — — Outstanding, March 31, 2022 1,531,440 — 1,531,440 $ 8.91 $ 13,638 Grant Date Fair Value Non-LTIP Number Number Total Weighted Total Fair Outstanding, December 31, 2021 168,221 — 168,221 $ 5.35 $ 900 Granted 409,835 — 409,835 3.35 1,373 Vested — — — — — Settled — — — — — Outstanding, March 31, 2022 578,056 — 578,056 $ 3.93 $ 2,273

Business Segment Reporting (Tab

Business Segment Reporting (Tables)	3 Months Ended
Business Segment Reporting (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Summary of Financial Information By Segment	For the three months ended March 31, 2022 Successor Mortgage Reverse Commercial Lender Portfolio Total Corporate Elim Total REVENUES Gain on sale and other income from loans held for sale, net $ 111,921 $ — $ — $ 210 $ 10,928 $ 123,059 $ — $ (4,707 ) $ 118,352 Net fair value gains on loans and related obligations — 105,755 3,475 — (102,785 ) 6,445 — 3,990 10,435 Fee income 20,149 1,816 17,158 76,152 54,525 169,800 — (12,196 ) 157,604 Net interest income (expense) Interest income 12,572 — — 160 1,047 13,779 94 — 13,873 Interest expense (9,371 ) — — (33 ) (16,723 ) (26,127 ) (6,703 ) — (32,830 ) Net interest income (expense) 3,201 — — 127 (15,676 ) (12,348 ) (6,609 ) — (18,957 ) Total revenue 135,271 107,571 20,633 76,489 (53,008 ) 286,956 (6,609 ) (12,913 ) 267,434 Total expenses 156,783 43,179 23,087 70,756 34,711 328,516 34,038 (13,018 ) 349,536 Other, net — 3,214 124 1,664 27 5,029 (152 ) (105 ) 4,772 Net (loss) income before taxes $ (21,512 ) $ 67,606 $ (2,330 ) $ 7,397 $ (87,692 ) $ (36,531 ) $ (40,799 ) $ — $ (77,330 ) Depreciation and amortization $ 2,820 $ 9,598 $ 514 $ 3,112 $ 91 $ 16,135 $ 509 $ — $ 16,644 Total assets 1,761,388 416,127 26,752 224,673 19,628,648 22,057,588 1,755,154 (1,734,835 ) 22,077,907 January 1, 2021 to March 31, 2021 Predecessor Mortgage Reverse Commercial Lender Portfolio Total Corporate Elim Total REVENUES Gain on sale and other income from loans held for sale, net $ 286,481 $ — $ — $ — $ 5,065 $ 291,546 $ — $ (212 ) $ 291,334 Net fair value gains on loans and related obligations — 68,449 5,431 — 2,750 76,630 — 33 76,663 Fee income 32,731 524 8,930 76,383 36,191 154,759 — 6,612 161,371 Net interest income (expense) Interest income 12,483 — — 28 138 12,649 12 — 12,661 Interest expense (11,592 ) — — (64 ) (14,954 ) (26,610 ) (7,756 ) — (34,366 ) Net interest income (expense) 891 — — (36 ) (14,816 ) (13,961 ) (7,744 ) — (21,705 ) Total revenue 320,103 68,973 14,361 76,347 29,190 508,974 (7,744 ) 6,433 507,663 Total expenses 224,246 23,693 13,391 62,970 24,406 348,706 18,683 5,925 373,314 Other, net — 34 149 2 895 1,080 (9,464 ) (508 ) (8,892 ) Net income (loss) before taxes $ 95,857 $ 45,314 $ 1,119 $ 13,379 $ 5,679 $ 161,348 $ (35,891 ) $ — $ 125,457 Depreciation and amortization $ 1,423 $ 151 $ 125 $ 1,268 $ 146 $ 3,113 $ 371 $ — $ 3,484 Total assets 2,425,529 35,861 82,375 125,317 17,378,088 20,047,170 379,562 (326,313 ) 20,100,419

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Summary of components of income tax expense	The components of income tax expense were as follows: For the three January 1, 2021 to March 31, 2021 Successor Predecessor Net income before income taxes $ (77,330 ) $ 125,457 Provision for income taxes (13,335 ) 1,137 Effective tax provision rate 17.24 % 0.91 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of basic earnings per share	The following tables reconcile the numerators and denominators used in the computations of both basic and diluted earnings per share for the Successor periods (in thousands, except share data and per share amounts): For the three months ended Successor Basic net loss per share: Numerator Net loss $ (63,995 ) Less: loss attributable to noncontrolling interests (1) (55,502 ) Net loss attributable to holders of Class A Common Stock - basic $ (8,493 ) Denominator Weighted average shares of Class A Common Stock outstanding - basic 60,773,891 Basic net loss per share $ (0.14 ) (1) The Class A LLC Units of FoA Equity, held by the Continuing Unitholders, which comprise the noncontrolling interest in the Company, represents a participating security. Therefore, the numerator was adjusted to reduce net income by the amount of net income attributable to noncontrolling interests.
Summary of diluted earnings per share	For the three Successor Diluted net loss per share: Numerator Net loss attributable to holders of Class A Common Stock $ (8,493 ) Reallocation of net loss assuming exchange of Class A LLC Units (1) (48,753 ) Net loss attributable to holders of Class A Common Stock - diluted $ (57,246 ) Denominator Weighted average shares of Class A Common Stock outstanding - basic 60,773,891 Effect of dilutive securities: Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock (2) 128,675,045 Weighted average shares of Class A Common Stock outstanding - diluted 189,448,936 Diluted net loss per share $ (0.30 ) (1) This adjustment assumes the after-tax if-converted Following the terms of the A&R LLC Agreement, the Class A LLC unitholders will initially bear approximately 85% of the cost of any vesting associated with the Replacement RSUs and Earnout Right RSUs prior to any distribution by the Company to such Class A LLC unitholders. The remaining compensation cost associated with the Replacement RSUs and Earnout Right RSUs will be born by FoA for the share attributable to Blackstone Tactical Opportunities Fund (Urban Feeder) - NQ L.P., a Delaware limited partnership (“Blocker”). As a result of the application of the if-converted (2) The diluted weighted average shares outstanding of Class A Common Stock includes the effects of the if-converted one-for-one

Organization and Description _2

Organization and Description of Business - Additional Information (Detail)	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percentage of total forward residential mortgage servicing portfolio by units is in forbearance	0.25%
Percentage of total forward residential mortgage servicing portfolio by unpaid principal balance is in forbearance	0.27%

Variable Interest Entities an_3

Variable Interest Entities and Securitizations - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		12 Months Ended
	Feb. 28, 2022	May 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finance of america commercial LLC [Member] \| Cavatica Asset Participation Trust [Member]
Variable Interest Entities and Securitizations [Line Items]
Percentage of beneficial interest in securitized trust					5.00%
FAM [Member] \| HAWT 2021-INV1 securitization [Member]
Variable Interest Entities and Securitizations [Line Items]
Percentage of beneficial interest in securitized trust		5.00%
FAM Mortgage Loan [Member]
Variable Interest Entities and Securitizations [Line Items]
Charge off expenses on transferred mortgage loan			$ 0	$ 0
Repayments of debt	$ 488,200
FAM Mortgage Loan [Member] \| Principal [Member] \| Loans Receivable [Member]
Variable Interest Entities and Securitizations [Line Items]
Repayments of debt	$ 506,600
FAM Mortgage Loan [Member] \| FAM [Member] \| Financial Asset 60 Days Or Less Past Due [Member]
Variable Interest Entities and Securitizations [Line Items]
Mortgage loans transferred to unconsolidated securitization trusts amount			700		$ 400
Agricultural Loans [Member] \| Cavatica Asset Participation Trust [Member]
Variable Interest Entities and Securitizations [Line Items]
Consolidated balance Of Agricultural loans			132,500
Agricultural Loans [Member] \| Cavatica Asset Participation Trust [Member] \| Nonrecourse [Member]
Variable Interest Entities and Securitizations [Line Items]
Liability transferred to the Variable interest entity Fair Value amount			$ 127,600

Variable Interest Entities an_4

Variable Interest Entities and Securitizations - Summary of the Assets and Liabilities of the Company's Consolidated Variable Interest Entities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
ASSETS
Restricted cash	$ 315,980	$ 322,403
Loans held for investment, subject to nonrecourse debt, at fair value	1,218,990	1,031,328
TOTAL ASSETS	22,077,907	21,788,946	$ 20,100,419
LIABILITIES
Nonrecourse debt, at fair value	6,323,777	6,111,242
TOTAL LIABILITIES	21,045,812	20,705,936
Retained bonds and beneficial interests eliminated in consolidation	(236,076)	(231,229)
TOTAL CONSOLIDATED LIABILITIES	6,032,789	5,857,497
Variable Interest Entity, Primary Beneficiary
ASSETS
Restricted cash	303,232	311,652
Loans held for investment, subject to nonrecourse debt, at fair value	6,103,454	6,099,607
Other assets, net	73,701	67,593
TOTAL ASSETS	6,480,387	6,478,852
LIABILITIES
Nonrecourse debt, at fair value	6,032,156	5,857,069
Payables and other liabilities	633	428
TOTAL LIABILITIES	6,032,789	5,857,497
Variable Interest Entity, Primary Beneficiary \| Asset and Liabilities of Consolidated VIE
ASSETS
Restricted cash	303,232	311,652
Loans held for investment, subject to nonrecourse debt, at fair value	6,103,454	6,099,607
Other assets, net	73,701	67,593
TOTAL ASSETS	6,480,387	6,478,852
LIABILITIES
Nonrecourse debt, at fair value	6,268,232	6,088,298
Payables and other liabilities	633	428
TOTAL LIABILITIES	$ 6,268,865	$ 6,088,726

Variable Interest Entities an_5

Variable Interest Entities and Securitizations - Summary of the Outstanding Collateral and Certificate Balances for Securitization Trusts (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Schedule Of Collateral And Certificate Balances For Securitization Trusts [Line Items]
Total certificate balances	$ 22,077,907	$ 21,788,946	$ 20,100,419
Unconsolidated Securitization Trusts
Schedule Of Collateral And Certificate Balances For Securitization Trusts [Line Items]
Total certificate balances	1,056,341	1,085,340
Unconsolidated Securitization Trusts \| Asset Pledged as Collateral
Schedule Of Collateral And Certificate Balances For Securitization Trusts [Line Items]
Total certificate balances	$ 1,056,341	$ 1,085,340

Fair Value - Summary of Reverse

Fair Value - Summary of Reverse Mortgage Loans Held for Investment, Subject to HMBS Related Obligations (Detail) - Reverse Mortgage Loans Held for Investment, Subject to HMBS Related Obligations [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Conditional repayment rate [Member] \| Weighted Average [Member]
Fair Value Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	21.60%	20.80%
Loss frequency [Member] \| Weighted Average [Member]
Fair Value Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	4.20%	4.50%
Loss severity [Member] \| Minimum [Member]
Fair Value Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	2.40%	3.10%
Loss severity [Member] \| Maximum [Member]
Fair Value Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	6.90%	7.70%
Loss severity [Member] \| Weighted Average [Member]
Fair Value Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	2.60%	3.30%
Discount rate [Member] \| Weighted Average [Member]
Fair Value Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	3.40%	2.40%
Average draw rate	1.10%	1.10%

Fair Value - Summary of HECM Bu

Fair Value - Summary of HECM Buyouts (Detail) - HECM Buyouts [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Loss frequency [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency		25.00%
Minimum [Member] \| Loss severity [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	2.40%	3.10%
Maximum [Member] \| Loss frequency [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency		100.00%
Maximum [Member] \| Loss severity [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	6.90%	7.70%
Weighted Average [Member] \| Conditional repayment rate [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	39.70%	41.20%
Weighted Average [Member] \| Loss frequency [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	60.50%	59.50%
Weighted Average [Member] \| Loss severity [Member]
Fair Value HECM Buyouts Securitized Nonperforming Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	3.10%	4.30%
Discount rate	5.80%	4.10%

Fair Value - Summary of HECM _2

Fair Value - Summary of HECM Buyouts Securitized (Detail) - HECM Buyouts Securitized [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Loss severity [Member]
Fair Value HECM Buyouts Securitized Performing Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	2.40%	3.10%
Maximum [Member] \| Loss severity [Member]
Fair Value HECM Buyouts Securitized Performing Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	6.90%	7.70%
Weighted Average [Member] \| Conditional repayment rate [Member]
Fair Value HECM Buyouts Securitized Performing Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	13.40%	13.30%
Weighted Average [Member] \| Loss severity [Member]
Fair Value HECM Buyouts Securitized Performing Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	6.90%	7.70%
Weighted Average [Member] \| Discount rate [Member]
Fair Value HECM Buyouts Securitized Performing Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	5.00%	3.70%
Weighted Average [Member] \| Weighted average remaining life in years [Member]
Fair Value HECM Buyouts Securitized Performing Mortgage Loans Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	9 years	9 years

Fair Value - Summary of Non-Age

Fair Value - Summary of Non-Agency Reverse Mortgage Securitized (Detail) - Non Agency Reverse Mortgage Securitized [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Loan to value [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loan to value	0.10%	0.10%
Minimum [Member] \| Home price appreciation [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Home price appreciation	4.30%	4.60%
Maximum [Member] \| Loan to value [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loan to value	69.00%	64.70%
Maximum [Member] \| Home price appreciation [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Home price appreciation	15.80%	14.00%
Weighted Average [Member] \| Weighted average remaining life in years [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted-average remaining life in years	7 days 19 hours	7 days 12 hours
Weighted Average [Member] \| Loan to value [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loan to value	43.10%	43.40%
Weighted Average [Member] \| Conditional repayment rate [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	17.50%	18.60%
Weighted Average [Member] \| Loss severity [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	10.00%	10.00%
Weighted Average [Member] \| Home price appreciation [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Home price appreciation	4.70%	4.70%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Non Agency Reverse Mortgage Loan Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	4.90%	3.60%

Fair Value - Summary of Fix & F

Fair Value - Summary of Fix & Flip - Securitized Commercial Mortgage Loans (Detail) - Fix Flip Securitized Commercial Mortgage Loans [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Loss frequency [Member]
Fair Value Fix And Flip Mortgage Loan Securitized Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	0.30%	0.30%
Maximum [Member] \| Loss frequency [Member]
Fair Value Fix And Flip Mortgage Loan Securitized Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	72.90%	69.00%
Weighted Average [Member] \| Prepayment Rate [Member]
Fair Value Fix And Flip Mortgage Loan Securitized Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (SMM)	14.40%	14.10%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Fix And Flip Mortgage Loan Securitized Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	7.50%	5.70%
Weighted Average [Member] \| Loss frequency [Member]
Fair Value Fix And Flip Mortgage Loan Securitized Held For Investment Subject To Nonrecourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	0.60%	0.60%

Fair Value - Summary of Invento

Fair Value - Summary of Inventory Buyouts (Detail) - Inventory Buyouts [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Loss severity [Member]
Fair Value Inventory Buyouts Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	2.40%	3.10%
Maximum [Member] \| Loss severity [Member]
Fair Value Inventory Buyouts Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	6.90%	7.70%
Weighted Average [Member] \| Conditional repayment rate [Member]
Fair Value Inventory Buyouts Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	44.90%	43.20%
Weighted Average [Member] \| Loss frequency [Member]
Fair Value Inventory Buyouts Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	68.30%	59.40%
Weighted Average [Member] \| Loss severity [Member]
Fair Value Inventory Buyouts Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	4.90%	3.80%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Inventory Buyouts Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	5.80%	4.10%

Fair Value - Summary of Non-A_2

Fair Value - Summary of Non-Agency Reverse Mortgage Loans (Detail) - Non Agency Reverse Mortgage Loans [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Loan to value [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loan to value	2.90%	0.20%
Minimum [Member] \| Home price appreciation [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Home price appreciation	4.30%	4.60%
Maximum [Member] \| Loan to value [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loan to value	69.10%	68.70%
Maximum [Member] \| Home price appreciation [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Home price appreciation	15.80%	14.00%
Weighted Average [Member] \| Weighted average remaining life in years [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted-average remaining life in years	9 years 10 months 24 days	9 years 2 months 12 days
Weighted Average [Member] \| Loan to value [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loan to value	47.20%	47.80%
Weighted Average [Member] \| Conditional repayment rate [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	13.60%	14.80%
Weighted Average [Member] \| Loss severity [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss severity	10.00%	10.00%
Weighted Average [Member] \| Home price appreciation [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Home price appreciation	4.30%	4.40%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Non Agency Reverse Mortgage Loans Classified As Reverse Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	4.90%	3.60%

Fair Value - Summary of Commerc

Fair Value - Summary of Commercial Mortgage Fix and Flip Loans (Detail) - Commercial Mortgage Fix and Flip Loans [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Maximum [Member] \| Discount rate [Member]
Fair Value Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	10.90%	10.00%
Minimum [Member] \| Discount rate [Member]
Fair Value Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	7.50%	5.70%
Weighted Average [Member] \| Prepayment Rate [Member]
Fair Value Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (SMM)	11.20%	11.90%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	7.60%	5.90%
Weighted Average [Member] \| Loss frequency [Member]
Fair Value Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Loss frequency	0.40%	0.40%

Fair Value - Summary of Comme_2

Fair Value - Summary of Commercial Mortgage Agricultural Loans (Detail) - Commercial Mortgage Agricultural Loans [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Prepayment Rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (SMM)	9.00%	9.00%
Minimum [Member] \| Default Rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)	0.00%	0.00%
Maximum [Member] \| Prepayment Rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (SMM)	100.00%	100.00%
Maximum [Member] \| Default Rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)	1.00%	0.70%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	6.20%	4.80%
Weighted Average [Member] \| Prepayment Rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (SMM)	19.60%	22.10%
Weighted Average [Member] \| Default Rate [Member]
Fair Value Agricultural Loans Classified Under Mortgage Loans Held For Investment Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)	0.90%	0.90%

Fair Value - Summary of Comme_3

Fair Value - Summary of Commercial Mortgage Single Rental Loans (Detail) - Commercial Mortgage Single Rental Loans [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Prepayment Rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (CPR)	18.00%	1.00%
Minimum [Member] \| Default Rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)		1.00%
Maximum [Member] \| Prepayment Rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (CPR)	25.00%	17.10%
Maximum [Member] \| Default Rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)		57.20%
Weighted Average [Member] \| Prepayment Rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (CPR)	18.30%	14.20%
Weighted Average [Member] \| Discount rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	5.10%	3.30%
Weighted Average [Member] \| Default Rate [Member]
Fair Value Single Rental Loan SRL Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)	1.00%	2.20%

Fair Value - Summary of Comme_4

Fair Value - Summary of Commercial Mortgage Portfolio Lending (Detail) - Commercial Mortgage Portfolio Lending [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Prepayment Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (CPR)	0.00%	0.00%
Minimum [Member] \| Default Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)		1.00%
Maximum [Member] \| Prepayment Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (CPR)	22.60%	14.50%
Maximum [Member] \| Default Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)		54.00%
Weighted Average [Member] \| Prepayment Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Prepayment rate (CPR)	13.00%	8.70%
Weighted Average [Member] \| Measurement Input, Discount Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	4.90%	3.90%
Weighted Average [Member] \| Default Rate [Member]
Fair Value Portfolio Mortgage Loans Classified Under Mortgage Loans Held For Sale Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Default rate (CDR)	1.00%	3.20%

Fair Value - Summary of Informa

Fair Value - Summary of Information Regarding The Servicing Portfolio of Retained MSRs (Detail)	Mar. 31, 2022	Dec. 31, 2021
Servicing Portfolio Of Retained Mortgage Servicing Rights [Abstract]
Capitalization servicing rate	1.30%	1.10%
Capitalization servicing multiple	5.00%	4.40%
Weighted-average servicing fee (in basis points)	26.00%	25.00%

Fair Value - Summary of Mortgag

Fair Value - Summary of Mortgage Servicing Rights (Detail)	3 Months Ended	12 Months Ended
Fair Value - Summary of Mortgage Servicing Rights (Detail)	Mar. 31, 2022	Dec. 31, 2021
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Discount rate	3.12%	3.03%
Mortgage Servicing Rights [Member] \| Minimum [Member] \| Weighted Average Prepayment Speed [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Weighted average prepayment speed (CPR)	0.10%	0.00%
Mortgage Servicing Rights [Member] \| Minimum [Member] \| Weighted average delinquency rate [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Weighted average delinquency rate	0.80%	0.80%
Mortgage Servicing Rights [Member] \| Maximum [Member] \| Weighted Average Prepayment Speed [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Weighted average prepayment speed (CPR)	10.50%	12.80%
Mortgage Servicing Rights [Member] \| Maximum [Member] \| Weighted average delinquency rate [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Weighted average delinquency rate	12.40%	14.30%
Mortgage Servicing Rights [Member] \| Weighted Average [Member] \| Weighted Average Prepayment Speed [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Weighted average prepayment speed (CPR)	6.70%	8.30%
Mortgage Servicing Rights [Member] \| Weighted Average [Member] \| Discount rate [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Discount rate	8.30%	8.50%
Mortgage Servicing Rights [Member] \| Weighted Average [Member] \| Weighted average delinquency rate [Member]
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Line Items]
Weighted average delinquency rate	1.40%	1.30%

Fair Value - Summary Of The Est

Fair Value - Summary Of The Estimated Change In The Fair Value Of MSRs From Adverse Changes In The Significant Assumptions (Detail) - Mortgage Servicing Rights [Member] $ in Thousands	Mar. 31, 2022USD ($)
Servicing Assets And Servicing Liabilities At Fair Value Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Impact on fair value of 10% adverse change, Weighted-Average Prepayment Speed	$ (9,330)
Impact on fair value of 20% adverse change, Weighted-Average Prepayment Speed	(18,140)
Impact on fair value of 10% adverse change, Discount Rate	(15,406)
Impact on fair value of 20% adverse change, Discount Rate	(29,748)
Impact on fair value of 10% adverse change, Weighted Average Delinquency Rate	(481)
Impact on fair value of 20% adverse change, Weighted Average Delinquency Rate	$ (963)

Fair Value - Summary of HMBS Re

Fair Value - Summary of HMBS Related Obligations (Detail) - HMBS Related Obligations [Member] - Weighted Average [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Conditional repayment rate [Member]
Fair Value HMBS Related Obligations Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	21.60%	20.80%
Discount rate [Member]
Fair Value HMBS Related Obligations Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	3.30%	2.30%

Fair Value - Summary of Perform

Fair Value - Summary of Performing/Nonperforming HECM securitizations (Details) - Non Recourse Debt [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Weighted average remaining life in years [Member] \| Minimum [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	8 months 12 days	2 months 12 days
Weighted average remaining life in years [Member] \| Minimum [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	9 months 18 days	1 year
Weighted average remaining life in years [Member] \| Maximum [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	10 months 24 days	9 months 18 days
Weighted average remaining life in years [Member] \| Maximum [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	2 years 2 months 12 days	2 years 3 months 18 days
Weighted average remaining life in years [Member] \| Weighted Average [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	9 months 18 days	6 months
Weighted average remaining life in years [Member] \| Weighted Average [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted average remaining life in years	1 year 7 months 6 days	1 year 7 months 6 days
Conditional repayment rate [Member] \| Minimum [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	16.10%	30.80%
Conditional repayment rate [Member] \| Minimum [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	15.60%	18.40%
Conditional repayment rate [Member] \| Maximum [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	26.00%	54.40%
Conditional repayment rate [Member] \| Maximum [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	37.00%	35.90%
Conditional repayment rate [Member] \| Weighted Average [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	19.90%	43.50%
Conditional repayment rate [Member] \| Weighted Average [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Conditional repayment rate	26.30%	28.20%
Discount rate [Member] \| Weighted Average [Member] \| Performing/Nonperforming HECM securitizations
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	4.10%	2.30%
Discount rate [Member] \| Weighted Average [Member] \| Securitized Non-Agency Reverse
Fair Value Non Recourse Debt Instruments Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	4.00%	2.20%

Fair Value - Summary of Comme_5

Fair Value - Summary of Commercial Mortgage Loans (Details) - Commercial Mortgage Loans [Member] - Weighted Average [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Weighted average remaining life in months [Member]
Fair Value Non Recourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted-average remaining life (in months)	3 months 21 days	4 months
Weighted-average prepayment speed (SMM) [Member]
Fair Value Non Recourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Weighted-average prepayment speed (SMM)	15.70%	14.00%
Discount rate [Member]
Fair Value Non Recourse Debt Measured On Recurring And Nonrecurring Basis Fair Value Measurement [Line Items]
Discount rate	4.90%	3.10%

Fair Value - Summary of Nonreco

Fair Value - Summary of Nonrecourse MSR Financing Liability (Details) - Non Recourse MSR Financing Liability [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Minimum [Member] \| Weighted-average prepayment speed (CPR) [Member]
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Weighted average prepayment speed (CPR)	0.70%	2.00%
Minimum [Member] \| Discount rate
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rate	8.10%	8.10%
Maximum [Member] \| Weighted-average prepayment speed (CPR) [Member]
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Weighted average prepayment speed (CPR)	10.50%	11.00%
Maximum [Member] \| Discount rate
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rate	10.10%	10.10%
Weighted Average [Member] \| Weighted-average prepayment speed (CPR) [Member]
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Weighted average prepayment speed (CPR)	6.60%	7.70%
Weighted Average [Member] \| Discount rate
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rate	8.50%	9.10%
Weighted Average [Member] \| Weighted average delinquency rate [Member]
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Weighted average delinquency rate	1.30%	1.30%

Fair Value - Summary Of The Rec

Fair Value - Summary Of The Recognized Assets And Liabilities That Are Measured At Fair Value On A Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,218,990	$ 1,031,328
Mortgages Held-for-sale, Fair Value Disclosure	1,709,357	2,052,378
MSRs			$ 26,675,358
Derivative assets	281,205	48,870
Nonrecourse commercial loan financing liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecourse commercial loan financing liability	10,672,152	10,556,054
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	6,000	6,000
Retained beneficial interests	50,875	55,614
Total assets	20,600,671	20,396,380
HMBS related obligation	10,548,131	10,422,358
Nonrecourse debt	6,032,157	5,857,069
Nonrecourse MSR financing liability	163,981	142,435
Deferred purchase price liabilities	7,852	12,852
TRA Obligation	29,380	29,380
Total liabilities	17,006,152	16,608,007
Fair Value, Recurring [Member] \| Nonrecourse commercial loan financing liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecourse commercial loan financing liability	127,639	111,738
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	241,430	22,650
Total liabilities	95,829	30,453
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	1,517,351	1,888,625
Total liabilities	1,183	1,722
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	6,000	6,000
Retained beneficial interests	50,875	55,614
Total assets	18,841,890	18,485,105
HMBS related obligation	10,548,131	10,422,358
Nonrecourse debt	6,032,157	5,857,069
Nonrecourse MSR financing liability	163,981	142,435
Deferred purchase price liabilities	7,852	12,852
TRA Obligation	29,380	29,380
Total liabilities	16,909,140	16,575,832
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Nonrecourse commercial loan financing liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecourse commercial loan financing liability	127,639	111,738
Forward Mortgage Backed Securities [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		1,235
Derivative Liability	1,183	1,644
Forward Mortgage Backed Securities [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Forward Mortgage Backed Securities [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		1,235
Derivative Liability	1,183	1,644
Forward Mortgage Backed Securities [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Forward Commitments Tbas And Treasury Futures [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		1,763
Derivative Liability	57	186
Forward Commitments Tbas And Treasury Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	57	108
Forward Commitments Tbas And Treasury Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		1,763
Derivative Liability	0	78
Forward Commitments Tbas And Treasury Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	90,124	24,848
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	90,124	24,848
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Warrant [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	5,648	5,497
Warrant [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	5,648	5,497
Warrant [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Warrant [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Loans Held For Investment Subject To Hmbs Related Obligation [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	10,672,152	10,556,054
Loans Held For Investment Subject To Hmbs Related Obligation [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	10,672,152	10,556,054
Mortgage Loans Held For Investment Reverse Mortgage Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	5,830,105	5,823,301
Mortgage Loans Held For Investment Reverse Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	5,830,105	5,823,301
Mortgage Loans Held For Investment Fix And Flip Mortgage Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	69,962
Mortgage Loans Held For Investment Fix And Flip Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	69,962
Agricultural Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	45,865	27,791
Agricultural Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	45,865	27,791
Mortgage Loans Held For Sale Residential Mortgage Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	1,500,785	1,902,952
Mortgage Loans Held For Sale Residential Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	1,480,312	1,885,627
Mortgage Loans Held For Sale Residential Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	20,473	17,325
Mortgage Loans Held For Sale SRL [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	131,137	98,852
Mortgage Loans Held For Sale SRL [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	131,137	98,852
Mortgage Loans Held For Sale Portfolio [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	77,435	50,574
Mortgage Loans Held For Sale Portfolio [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	77,435	50,574
Mortgage Loans Held For Sale Portfolio Fix And Flip Mortgage Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure		62,933
Mortgage Loans Held For Sale Portfolio Fix And Flip Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure		62,933
Mortgage Servicing Rights [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	426,102	427,942
Mortgage Servicing Rights [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	426,102	427,942
Forward Commitments Tbas And Treasury Futures [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,172
Forward Commitments Tbas And Treasury Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,172
IRLCS [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,736	23,222
IRLCS [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,736	23,222
Forward Mortgage Backed Securities [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	34,867
Forward Mortgage Backed Securities [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	34,867
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	241,430	22,650
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	241,430	22,650
Interest Rate Swap Futures [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		0
Nonrecourse [Member] \| Mortgage Loans Held For Investment Reverse Mortgage Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	1,103,163	940,604
Nonrecourse [Member] \| Mortgage Loans Held For Investment Reverse Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	1,103,163	940,604
Nonrecourse [Member] \| Mortgage Loans Held For Investment Fix And Flip Mortgage Loans [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	405,885	394,893
Nonrecourse [Member] \| Mortgage Loans Held For Investment Fix And Flip Mortgage Loans [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 405,885	$ 394,893

Fair Value - Summary of Signif

Fair Value - Summary of Significant Unobservable Inputs used in the Fair value Measurement of Retained Bonds (Details) - Retained Bonds [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Measurement Input, Expected Term [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted average remaining life (in years)	24 years 8 months 12 days	25 years
Measurement Input, Expected Term [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted average remaining life (in years)	2 years 6 months	2 years 7 months 6 days
Measurement Input, Expected Term [Member] \| Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted average remaining life (in years)	5 years	5 years 1 month 6 days
Measurement Input, Discount Rate [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount rate	8.90%	8.20%
Measurement Input, Discount Rate [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount rate	(2.60%)	1.90%
Measurement Input, Discount Rate [Member] \| Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount rate	4.10%	2.70%

Fair Value - Fair Value, Assets

Fair Value - Fair Value, Assets Measured On Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Mortgage loans held for investment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 11,587,382	$ 10,659,984
Total gain or losses included in earnings	(35,895)	132,499
Purchases, settlements and transfers:
Purchases and additions, net	1,848,155	1,143,109
Sales and settlements	(612,624)	(534,738)
Transfers in/(out) between categories	(895,876)	(229,118)
Ending balance	11,891,142	11,171,736
Mortgage loans held for investment, subject to nonrecourse debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	6,218,194	5,396,167
Total gain or losses included in earnings	(313,720)	(37,757)
Purchases, settlements and transfers:
Purchases and additions, net	30,342	21,064
Sales and settlements	(586,276)	(360,128)
Transfers in/(out) between categories	887,450	272,098
Ending balance	6,235,990	5,291,444
Mortgage loans held for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	166,750	152,854
Total gain or losses included in earnings	(7,040)	2,764
Purchases, settlements and transfers:
Purchases and additions, net	396,020	175,551
Sales and settlements	(329,590)	(152,579)
Transfers in/(out) between categories	2,905	(42,909)
Ending balance	229,045	135,681
Derivative assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	23,222	88,660
Total gain or losses included in earnings	(20,486)	(50,040)
Purchases, settlements and transfers:
Sales and settlements		(46)
Ending balance	2,736	38,574
Mortgage servicing rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	427,942	180,684
Total gain or losses included in earnings	52,368	20,349
Purchases, settlements and transfers:
Purchases and additions, net	53,444	74,978
Sales and settlements	(107,652)	(8,647)
Ending balance	426,102	267,364
Retained Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	55,614
Total gain or losses included in earnings	(3,289)
Purchases, settlements and transfers:
Sales and settlements	(1,450)
Ending balance	50,875
Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	6,000	18,934
Total gain or losses included in earnings		(9,464)
Purchases, settlements and transfers:
Ending balance	$ 6,000	$ 9,470

Fair Value - Fair Value, Liabil

Fair Value - Fair Value, Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
HMBS related obligations
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ (10,422,358)	$ (9,788,668)
Total gains or losses included in earnings	85,582	(41,434)
Purchases, settlements and transfers:
Purchases and additions, net	(948,682)	(602,172)
Sales and settlements	737,327	506,142
Ending balance	(10,548,131)	(9,926,132)
Derivative liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		(1,084)
Purchases, settlements and transfers:
Sales and settlements		148
Ending balance		(936)
Deferred purchase price liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	(12,852)	(3,842)
Total gains or losses included in earnings	0	(29)
Purchases, settlements and transfers:
Sales and settlements	5,000	657
Ending balance	(7,852)	(3,214)
Nonrecourse debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	(5,857,069)	(5,257,754)
Total gains or losses included in earnings	105,340	(30,770)
Purchases, settlements and transfers:
Purchases and additions, net	(1,048,499)	(575,668)
Sales and settlements	768,072	658,300
Ending balance	(6,032,156)	(5,205,892)
Nonrecourse commercial loan financing liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	(111,738)
Total gains or losses included in earnings	254
Purchases, settlements and transfers:
Purchases and additions, net	(60,658)
Sales and settlements	44,502
Ending balance	(127,640)
Nonrecourse MSR financing liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	(155,108)	(14,088)
Total gains or losses included in earnings	(16,038)	390
Purchases, settlements and transfers:
Purchases and additions, net	7,165	(8,353)
Sales and settlements	0
Transfers in/(out) between categories	0
Ending balance	(163,981)	$ (22,051)
TRA Liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	(29,380)
Total gains or losses included in earnings	0
Purchases, settlements and transfers:
Purchases and additions, net	0
Sales and settlements	0
Ending balance	$ (29,380)

Fair Value - Summary of the fai

Fair Value - Summary of the fair value and unpaid principal balance ("UPB") (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Estimated Fair Value
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	$ 10,672,152	$ 10,556,054
Unpaid Principal Balance	10,109,820	9,849,835
Mortgage Loans Held For Investment Subject To Nonrecourse Debt [Member] \| Estimated Fair Value \| Reverse Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	5,830,105	5,823,301
Unpaid Principal Balance	5,481,952	5,165,479
Mortgage Loans Held For Investment Subject To Nonrecourse Debt [Member] \| Estimated Fair Value \| Commercial Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	405,885	394,893
Mortgage Loans Held For Investment Subject To Nonrecourse Debt [Member] \| Unpaid Principal Balance \| Commercial Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Unpaid Principal Balance	404,974	388,788
Mortgage Loans Held For Investment [Member] \| Estimated Fair Value \| Reverse Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	1,103,163	940,605
Unpaid Principal Balance	988,321	815,426
Mortgage Loans Held For Investment [Member] \| Estimated Fair Value \| Commercial Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	115,827	90,723
Mortgage Loans Held For Investment [Member] \| Unpaid Principal Balance \| Commercial Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Unpaid Principal Balance	115,091	89,267
Mortgage Loans Held For Sale [Member] \| Estimated Fair Value \| Commercial Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	208,572	149,425
Mortgage Loans Held For Sale [Member] \| Estimated Fair Value \| Residential Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	1,500,785	1,902,953
Mortgage Loans Held For Sale [Member] \| Unpaid Principal Balance \| Commercial Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Unpaid Principal Balance	211,516	145,463
Mortgage Loans Held For Sale [Member] \| Unpaid Principal Balance \| Residential Mortgage Loans [Member]
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Unpaid Principal Balance	1,499,525	1,859,788
HMBS Related Obligations [Member] \| Estimated Fair Value
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	10,548,131	10,422,358
HMBS Related Obligations [Member] \| Unpaid Principal Balance
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Unpaid Principal Balance	10,109,820	9,849,835
Non Recourse Debt [Member] \| Estimated Fair Value
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	6,032,157	5,857,069
Non Recourse Debt [Member] \| Unpaid Principal Balance
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Unpaid Principal Balance	6,152,713	5,709,946
Nonrecourse Commercial Loan [Member] \| Unpaid Principal Balance
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	127,639	111,738
Unpaid Principal Balance	123,900	107,744
Nonrecourse Mortgage Service Rights [Member] \| Unpaid Principal Balance
Fair Value Summary Of The Fair Value And Unpaid Principal Balance Upb [Line Items]
Estimated Fair Value	163,981	142,435
Unpaid Principal Balance	$ 163,981	$ 142,435

Fair Value - Summary of the com

Fair Value - Summary of the components of net fair value gains on mortgage loans and related obligations (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Summary of the components of net fair value gains on mortgage loans and related obligations [Line Items]
Interest income on mortgage loans	$ 163,694	$ 160,568
Change in fair value of mortgage loans	(507,327)	(51,346)
Net fair value gains (losses) on loans	(343,633)	109,222
Interest expense on related obligations	(106,643)	(119,201)
Change in fair value of derivatives	165,579	43,972
Change in fair value of related obligations	295,132	42,670
Net fair value gains (losses) on related obligations	354,068	(32,559)
Net fair value gains (losses) on loans and related obligations	$ 10,435	$ 76,663

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - $ / shares	3 Months Ended
Fair Value - Additional Information (Detail) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Retained Bonds [Member] \| Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Additional Information [Line Items]
Percentage of beneficial interest in securitized trust	5.00%
Portfolio Lending Classified Under Mortgage Loans Held For Sale [Member] \| Five Years [Member]
Additional Information [Line Items]
Debt instrument, Balloon structure period	5.00%
Portfolio Lending Classified Under Mortgage Loans Held For Sale [Member] \| Ten Years [Member]
Additional Information [Line Items]
Debt instrument, Balloon structure period	10.00%
Portfolio Lending Classified Under Mortgage Loans Held For Sale [Member] \| Thirty Years [Member]
Additional Information [Line Items]
Debt instrument, Balloon structure period	30.00%
Maximum [Member]
Additional Information [Line Items]
Discount rates utilized to value deferred purchase price liability	35.00%	35.00%
Maximum [Member] \| Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Subject To Nonrecourse Debt [Member]
Additional Information [Line Items]
Debt instrument term	24 months
Maximum [Member] \| Agricultural Loans [Member]
Additional Information [Line Items]
Debt instrument term	17 months
Maximum [Member] \| Fix And Flip Loans Classified Under Mortgage Loans Held For Investment [Member]
Additional Information [Line Items]
Debt instrument term	24 months
Maximum [Member] \| Single Rental Loan Classified Under Mortgage Loans Held For Sale [Member]
Additional Information [Line Items]
Debt instrument, Stated interest rate	8.00%
Maximum [Member] \| Portfolio Lending Classified Under Mortgage Loans Held For Sale [Member]
Additional Information [Line Items]
Debt instrument, Fixed coupon rate	6.20%
Minimum [Member] \| Fix And Flip Loans Classified Under Mortgage Loans Held For Investment Subject To Nonrecourse Debt [Member]
Additional Information [Line Items]
Debt instrument term	9 months
Minimum [Member] \| Agricultural Loans [Member]
Additional Information [Line Items]
Debt instrument term	7 months
Minimum [Member] \| Fix And Flip Loans Classified Under Mortgage Loans Held For Investment [Member]
Additional Information [Line Items]
Debt instrument term	9 months
Minimum [Member] \| Single Rental Loan Classified Under Mortgage Loans Held For Sale [Member]
Additional Information [Line Items]
Debt instrument, Stated interest rate	5.00%
Minimum [Member] \| Portfolio Lending Classified Under Mortgage Loans Held For Sale [Member]
Additional Information [Line Items]
Debt instrument, Fixed coupon rate	5.00%
Mortgage Servicing Rights Financing Liability [Member]
Additional Information [Line Items]
Cumulative Percentage Change In Fair Value Of Servicing Rights Liabilities	10.00%
TRA Obligation [Member] \| Measurement Input, Discount Rate [Member]
Additional Information [Line Items]
TRA obligation measurement input	13.5	13.5
Warrant [Member]
Additional Information [Line Items]
Exercise price of warrant (in dollars per share)	$ 11.50

Reverse Mortgage Portfolio Co_3

Reverse Mortgage Portfolio Composition - Summary of the Composition and the Remaining UPBs of the Reverse Mortgage Loan Portfolio (Detail) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Schedule of serviced reverse mortgage portfolio [Line Items]
Reverse mortgage loans held for investment, subject to HMBS related obligations		$ 10,109,820	$ 9,849,835
Total reverse mortgage loans held for investment		988,321	815,426
Total reverse mortgage loans held for sale		5,481,952	5,165,479
Total serviced reverse mortgage loan portfolio		16,650,424	15,897,205
owned reverse mortgage portfolio
Schedule of serviced reverse mortgage portfolio [Line Items]
Total serviced reverse mortgage loan portfolio		16,580,093	15,830,740
Loans reclassified as government guaranteed receivable
Schedule of serviced reverse mortgage portfolio [Line Items]
Total serviced reverse mortgage loan portfolio		56,372	48,625
Loans serviced for others
Schedule of serviced reverse mortgage portfolio [Line Items]
Total serviced reverse mortgage loan portfolio		13,959	17,840
Non Performing HECM Buyouts
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for investment, subject to nonrecourse debt		656,608	590,729
Non-agency reverse mortgages
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for sale		4,520,841	4,285,661
Performing HECM buyouts
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for sale		304,503	289,089
Non-agency reverse mortgages
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for investment		601,067	432,144
Loans not securitized
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for investment	[1]	313,569	266,723
Unpoolable loans
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for investment	[2]	65,303	104,551
Unpoolable tails
Schedule of serviced reverse mortgage portfolio [Line Items]
Total reverse mortgage loans held for investment		$ 8,382	$ 12,008

[1]	Loans not securitized represent primarily newly originated loans.
[2]	Unpoolable loans represent primarily loans that have reached 98% of their MCA.

Reverse Mortgage Portfolio Co_4

Reverse Mortgage Portfolio Composition - Summary of the Composition and the Remaining UPBs of the Reverse Mortgage Loan Portfolio (Parenthetical) (Detail)	Mar. 31, 2022
Maximum
Schedule of serviced reverse mortgage portfolio [Line Items]
Percentage of unpoolable loan	98.00%

Reverse Mortgage Portfolio Co_5

Reverse Mortgage Portfolio Composition - Summarizes the Owned Reverse Mortgage Portfolio by Product Type (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule Of Owned Reverse Mortgage Portfolio [Line Items]
Total owned reverse mortgage portfolio	$ 16,580,093	$ 15,830,740
Fixed rate loans
Schedule Of Owned Reverse Mortgage Portfolio [Line Items]
Total owned reverse mortgage portfolio	6,566,169	5,384,865
Adjustable rate loans
Schedule Of Owned Reverse Mortgage Portfolio [Line Items]
Total owned reverse mortgage portfolio	$ 10,013,924	$ 10,445,875

Reverse Mortgage Portfolio Co_6

Reverse Mortgage Portfolio Composition - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Reverse Mortgages Portfolio Composition [Abstract]
Mortgage Loans in Process of Foreclosure, Amount	$ 595.7	$ 599.1

Loans Held for Investment, Su_5

Loans Held for Investment, Subject to HMBS Related Obligations, at Fair Value - Schedule of Reverse Mortgage Loans Held for Investment Subject to HMBS Related Obligations, Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans Held For Investment Subject To HMBS Related Obligations Fair Value [Line Items]
Loans held for investment, subject to HMBS related obligations—UPB	$ 10,109,820	$ 9,849,835
Fair value adjustments	562,332	706,219
Total loans held for investment, subject to HMBS related obligations, at fair value	$ 10,672,152	$ 10,556,054

Loans Held for Investment, Su_6

Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans held for investment, subject to nonrecourse debt—UPB:
Fair value adjustments	$ 349,064	$ 663,927
Total loans held for investment, at fair value	6,235,990	6,218,194
Reverse mortgage loans
Loans held for investment, subject to nonrecourse debt—UPB:
Mortgage loans held for investment, subject to nonrecourse debt	5,481,952	5,165,479
Commercial mortgage loans
Loans held for investment, subject to nonrecourse debt—UPB:
Mortgage loans held for investment, subject to nonrecourse debt	$ 404,974	$ 388,788

Loans Held for Inual Status (De

Loans Held for Inual Status (Detailvestment, Subject to Nonrecourse Debt, at Fair Value - Schedule of Mortgage Loans Held For Investment, Subject to Nonrecourse Debt that Were Greater Than 90 Days Past Due and on Non-Accr) - Loans 90 Days Or More Past Due And On Non Accrual Status [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans 90 days or more past due and on non-accrual status
Mortgage loans held for investment, Total Fair value	$ 23,399	$ 26,081
Mortgage loans held for investment, Total Aggregate Unpaid Principal Balance	23,697	26,472
Mortgage loans held for investment, Total Difference	(298)	(391)
Commercial Mortgage Loans [Member]
Loans 90 days or more past due and on non-accrual status
Mortgage loans held for investment, Total Fair value	23,399	26,081
Mortgage loans held for investment, Total Aggregate Unpaid Principal Balance	$ 23,697	$ 26,472

Loans Held for Investment, at_3

Loans Held for Investment, at Fair Value - Schedule of Mortgage Loans Held For Investment At Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans held for investment—UPB:
Fair value adjustments	$ 115,578	$ 126,635
Total loans held for investment, at fair value	1,218,990	1,031,328
Reverse Mortgage Loans [Member]
Loans held for investment—UPB:
Mortgage loans held for investment	988,321	815,426
Commercial Mortgage Loans [Member]
Loans held for investment—UPB:
Mortgage loans held for investment	$ 115,091	$ 89,267

Loans Held for Sale, at Fair _3

Loans Held for Sale, at Fair Value - Schedule of Mortgage Loans Held For Sale, At Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Mortgage Loans Held for Sale At Fair Value [Line Items]
Fair value adjustments	$ (1,684)	$ 47,127
Total mortgage loans held for sale, at fair value	1,709,357	2,052,378
Residential Mortgage Loans [Member]
Mortgage Loans Held for Sale At Fair Value [Line Items]
Mortgage loans held for sale	1,499,525	1,859,788
Commercial Mortgage Loans [Member]
Mortgage Loans Held for Sale At Fair Value [Line Items]
Mortgage loans held for sale	$ 211,516	$ 145,463

Loans Held for Sale, at Fair _4

Loans Held for Sale, at Fair Value - Schedule of Mortgage Loans Held For Sale that were Greater Than 90 Days Past Due And On Non-Accrual Status (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Mortgage Loans Held For Sale That Were Greater Than 90 Days Past Due And OnNonAccrualStatus [Line Items]
Mortgage loans held for sale, Aggregate Unpaid Principal Balance	$ 6,669	$ 7,076
Mortgage loans held for sale, Total Difference	(625)	(718)
Residential Mortgage Loans [Member]
Mortgage Loans Held For Sale That Were Greater Than 90 Days Past Due And OnNonAccrualStatus [Line Items]
Mortgage loans held for sale, Aggregate Unpaid Principal Balance	3,495	3,195
Commercial Mortgage Loans [Member]
Mortgage Loans Held For Sale That Were Greater Than 90 Days Past Due And OnNonAccrualStatus [Line Items]
Mortgage loans held for sale, Aggregate Unpaid Principal Balance	2,676	3,323
Loans 90 Days Or More Past Due And On Non Accrual Status [Member]
Mortgage Loans Held For Sale That Were Greater Than 90 Days Past Due And OnNonAccrualStatus [Line Items]
Mortgage loans held for sale, Fair Value	6,044	6,358
Loans 90 Days Or More Past Due And On Non Accrual Status [Member] \| Residential Mortgage Loans [Member]
Mortgage Loans Held For Sale That Were Greater Than 90 Days Past Due And OnNonAccrualStatus [Line Items]
Mortgage loans held for sale, Fair Value	3,993	3,753
Loans 90 Days Or More Past Due And On Non Accrual Status [Member] \| Commercial Mortgage Loans [Member]
Mortgage Loans Held For Sale That Were Greater Than 90 Days Past Due And OnNonAccrualStatus [Line Items]
Mortgage loans held for sale, Fair Value	$ 2,549	$ 3,163

Loans Held for Sale, at Fair _5

Loans Held for Sale, at Fair Value - Summary Of Reconciliation Of Changes In Loans Held For Sale (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Mortgage Loans Held for Sale At Fair Value [Abstract]
Beginning balance	$ 2,052,378	$ 2,222,811
Originations/purchases/repurchases	5,488,887	8,569,575
Proceeds from sales	(5,872,779)	(8,878,131)
Loans acquired through business combinations	0	35,226
Net transfers from loans held for investment	2,905	0
Gain on loans held for sale, net	44,872	188,564
Net fair value gains on loans held for sale	(6,906)	2,316
Ending balance	$ 1,709,357	$ 2,140,361

Loans Held for Sale, at Fair _6

Loans Held for Sale, at Fair Value - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Mortgage Loans Held for Sale At Fair Value [Abstract]
Loans pledged as collateral	$ 1.7	$ 2

Loans Held for Investment, at_4

Loans Held for Investment, at Fair Value - Schedule of Mortgage Loans Held For Investment At Fair Value (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Mortgage Loans Held for Investment At Fair Value [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	$ 1,709,357	$ 2,052,378
Commercial Mortgage Loans [Member]
Mortgage Loans Held for Investment At Fair Value [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	969,300	810,600
Commercial Mortgage Loans [Member] \| Loans 90 Days Or More Past Due And On Non Accrual Status [Member]
Mortgage Loans Held for Investment At Fair Value [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure	$ 1,400	$ 2,300

Mortgage Servicing Rights, at_3

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

Mortgage Servicing Rights, at_4

Mortgage Servicing Rights, at Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Contractually specified servicing fees, late fees, and other ancillary servicing revenue	$ 14,300	$ 13,000
Servicing Asset at Fair Value, Amount		$ 26,675,358
Asset Pledged as Collateral with Right [Member]
Servicing Assets at Fair Value [Line Items]
Servicing Asset at Fair Value, Amount	$ 164,000		$ 142,400

Mortgage Servicing Rights, at_5

Mortgage Servicing Rights, at Fair Value - Summary of Information Regarding Loan Servicing Portfolio Delinquencies Percentages and Unpaid Balances (Detail)	Mar. 31, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Number of Loans	0.60%	0.60%
Unpaid Balance	0.60%	0.40%
Foreclosure/real estate owned [member]
Servicing Assets at Fair Value [Line Items]
Number of Loans	0.00%	0.00%
Unpaid Balance	0.00%	0.00%
Portfolio delinquency 30 days [member]
Servicing Assets at Fair Value [Line Items]
Number of Loans	0.40%	0.40%
Unpaid Balance	0.40%	0.30%
60 days [member]
Servicing Assets at Fair Value [Line Items]
Number of Loans	0.10%	0.10%
Unpaid Balance	0.10%	0.00%
90 or more days [member]
Servicing Assets at Fair Value [Line Items]
Number of Loans	0.10%	0.10%
Unpaid Balance	0.10%	0.10%

Derivative and Risk Managemen_3

Derivative and Risk Management Activities - Summary of Derivative Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivative assets
Derivative assets, Fair value	$ 281,205	$ 48,870
Derivative assets, Notional amount	11,908,054	15,020,538
Derivative assets, Unrealized gains (losses)	232,335	(43,196)
Derivative liabilities
Derivative liabilities, Fair value	91,364	26,678
Derivative liabilities, Notional amount	5,337,700	13,708,100
Derivative liabilities, Unrealized gains (losses)	(64,686)	(5,956)
Interest rate lock commitments [Member]
Derivative assets
Derivative assets, Fair value	2,736	23,222
Derivative assets, Notional amount	2,182,604	2,047,938
Derivative assets, Unrealized gains (losses)	(20,486)	(64,354)
Derivative liabilities
Derivative liabilities, Fair value	0	0
Derivative liabilities, Notional amount	0	0
Derivative liabilities, Unrealized gains (losses)	0	0
Forward commitments, TBAs securities, and treasury futures [Member]
Derivative assets
Derivative assets, Fair value	2,172	1,763
Derivative assets, Notional amount	81,737	6,171,300
Derivative assets, Unrealized gains (losses)	408	(43)
Derivative liabilities
Derivative liabilities, Fair value	57	186
Derivative liabilities, Notional amount	362,000	6,113,000
Derivative liabilities, Unrealized gains (losses)	129	1,146
Interest rate swaps and futures contracts [Member]
Derivative assets
Derivative assets, Fair value	241,430	22,650
Derivative assets, Notional amount	7,317,500	6,143,300
Derivative assets, Unrealized gains (losses)	218,781	19,966
Derivative liabilities
Derivative liabilities, Fair value	90,124	24,848
Derivative liabilities, Notional amount	4,732,700	6,094,100
Derivative liabilities, Unrealized gains (losses)	(65,276)	(24,093)
Forward MBS [Member]
Derivative assets
Derivative assets, Fair value	34,867	1,235
Derivative assets, Notional amount	2,326,213	658,000
Derivative assets, Unrealized gains (losses)	33,632	1,235
Derivative liabilities
Derivative liabilities, Fair value	1,183	1,644
Derivative liabilities, Notional amount	243,000	1,501,000
Derivative liabilities, Unrealized gains (losses)	$ 461	$ 16,991

Derivative and Risk Managemen_4

Derivative and Risk Management Activities - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Pledged deposits	$ 163.4	$ 23.2

Goodwill - Summary of Goodwill

Goodwill - Summary of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 0	$ 121,233
Additions from acquisitions	0	7,517
Ending balance	$ 0	$ 128,750

Goodwill - Summary of Goodwil_2

Goodwill - Summary of Goodwill Allocated to Each Reporting Unit Consisted (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 0	$ 0	$ 128,750	$ 121,233
Mortgage Originations [Member]
Goodwill [Line Items]
Goodwill	0		51,946
Commercial Originations [Member]
Goodwill [Line Items]
Goodwill	0		43,113
Lender Services [Member]
Goodwill [Line Items]
Goodwill	0		25,247
Portfolio Management
Goodwill [Line Items]
Goodwill	$ 0		$ 8,444

Goodwill - Additional informati

Goodwill - Additional information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impairment Loss, Net of Tax	$ 0	$ 0

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Amortizing intangibles, Cost	$ 552,037	$ 552,037
Accumulated Amortization	(54,545)	(40,737)
Amortizing intangibles, Net	497,492	511,300
Total intangibles, Cost	643,637	730,037
Total intangibles, Net	589,092	602,900
Imapairment of intangible assets excluding goodwill		(86,400)
Non Amortization Of Intangible Assets [Member]
Indefinite-lived Intangible Assets [Line Items]
Total non-amortizing intangibles	91,600	178,000
Total intangibles, Net	91,600	91,600
Impairment		(86,400)
Broker/customer relationships [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizing intangibles, Cost	541,100	541,100
Accumulated Amortization	(52,948)	(39,711)
Amortizing intangibles, Net	$ 488,152	$ 501,389
Broker/customer relationships [Member] \| Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization Period (Years)	15 years	15 years
Broker/customer relationships [Member] \| Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization Period (Years)	8 years	8 years
Trade names [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizing intangibles, Cost	$ 10,937
Accumulated Amortization	(1,597)
Amortizing intangibles, Net		$ 9,911
Trade names [Member] \| Non Amortization Of Intangible Assets [Member]
Indefinite-lived Intangible Assets [Line Items]
Total non-amortizing intangibles	91,600	178,000
Total intangibles, Net	91,600	91,600
Impairment		(86,400)
Trade names and other [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortizing intangibles, Cost		10,937
Accumulated Amortization		$ (1,026)
Amortizing intangibles, Net	$ 9,340
Trade names and other [Member] \| Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization Period (Years)	10 years	10 years
Trade names and other [Member] \| Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization Period (Years)	5 years	5 years

Intangible Assets, Net - Summ_2

Intangible Assets, Net - Summary of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2022	$ 41,645
2023	55,233
2024	55,233
2025	55,233
2026	55,126
Thereafter	235,022
Total future amortization expense	$ 497,492	$ 511,300

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Amortization expense	$ 13.8	$ 0.6

HMBS Related Obligations, at _3

HMBS Related Obligations, at Fair Value - Summary of HMBS Related Obligations, At Fair Value (Detail) - Home Equity Conversion Mortgage Backed Security - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Home Equity Conversion Mortgage Backed Security Related Obligations At Fair Value [Line Items]
Ginnie Mae loan pools - UPB	$ 10,109,820		$ 9,849,835
Fair value adjustments	438,311		572,523
Total HMBS related obligations, at fair value	$ 10,548,131		$ 10,422,358
Weighted average remaining life (years)	4 years 4 months 24 days	4 years 7 months 6 days
Weighted average interest rate	2.60%		2.50%

HMBS Related Obligations, at _4

HMBS Related Obligations, at Fair Value - Additional information (Detail) - LoanPools	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Home Equity Conversion Mortgage Backed Security Related Obligations At Fair Value [Abstract]
Ginnie Mae loan pools	1,896	1,849

Nonrecourse Debt, at Fair Val_3

Nonrecourse Debt, at Fair Value - Summary of Nonrecourse Debt at Fair Value (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total nonrecourse debt	$ 6,152,713	$ 5,821,684
Nonrecourse MSR financing liability, at fair value	163,981	142,435
Fair value adjustments	(116,817)	39,379
Total nonrecourse debt, at fair value	6,323,777	6,111,242
Nonrecourse Commercial loan financing liability	$ 123,900	107,744
Securitization of performing / nonperforming HECM loans
Debt Instrument [Line Items]
Issue Date	July 2020 - February 2022
Final Maturity Date	July 2030 - February 2032
Original Issue Amount	$ 1,805,528
Total nonrecourse debt	$ 1,026,869	922,970
Securitization of performing / nonperforming HECM loans \| Minimum [Member]
Debt Instrument [Line Items]
Interest Rate	0.88%
Securitization of performing / nonperforming HECM loans \| Maximum [Member]
Debt Instrument [Line Items]
Interest Rate	9.32%
Securitization of non-agency reverse loans
Debt Instrument [Line Items]
Issue Date	May 2018 - February 2022
Final Maturity Date	May 2023 - November 2069
Original Issue Amount	$ 6,345,967
Total nonrecourse debt	$ 4,857,333	4,630,203
Securitization of non-agency reverse loans \| Minimum [Member]
Debt Instrument [Line Items]
Interest Rate	1.25%
Securitization of non-agency reverse loans \| Maximum [Member]
Debt Instrument [Line Items]
Interest Rate	4.50%
Securitization of fix & flip loans
Debt Instrument [Line Items]
Issue Date	April 2021
Final Maturity Date	November 2024 - May 2025
Original Issue Amount	$ 268,511
Total nonrecourse debt	$ 268,511	$ 268,511
Securitization of fix & flip loans \| Minimum [Member]
Debt Instrument [Line Items]
Interest Rate	2.10%
Securitization of fix & flip loans \| Maximum [Member]
Debt Instrument [Line Items]
Interest Rate	5.40%

Nonrecourse Debt, at Fair Val_4

Nonrecourse Debt, at Fair Value - Summary Of Estimated Maturities For Nonrecourse Debt Fair Value (Detail) - Nonrecourse [Member] $ in Thousands	Mar. 31, 2022USD ($)
Summary Of Estimated Maturities For Non recourse Debt Fair Value [Line Items]
2022	$ 1,242,161
2023	2,644,434
2024	2,088,782
2025	301,236
Thereafter	0
Total payments on nonrecourse debt	$ 6,276,613

Other Financing Lines of Cred_3

Other Financing Lines of Credit - Additional Information (Details) - Line of Credit [Member]	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Financing line of credit outstanding, Weighted average interest rate	2.74%	2.75%
Financing line of credit Instrument, Covenant Description	The Company’s borrowing arrangements and credit facilities contain various financial covenants which primarily relate to required tangible net worth amounts, liquidity reserves, leverage requirements, and profitability requirements.
Financing line of credit, Covenant Compliance	The terms of the Company’s financing arrangements and credit facilities contain covenants, and the terms of the Company’s GSE/seller servicer contracts contain requirements that may restrict the Company and its subsidiaries from paying distributions to its members. These restrictions include restrictions on paying distributions whenever the payment of such distributions would cause FoA or its subsidiaries to no longer be in compliance with any of its financial covenants or GSE requirements. Further, the Company is generally prohibited under Delaware law from making a distribution to a member to the extent that, at the time of the distribution, after giving effect to the distribution, liabilities of the Company (with certain exceptions) exceed the fair value of its assets. Subsidiaries of the Company are generally subject to similar legal limitations on their ability to make distributions to FoA.

Other Financing Lines of Cred_4

Other Financing Lines of Credit - Summary Of Maximum Allowable Distributions Available To The Company Based On The Most Restrictive Of Such Financial Covenant Ratios (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Finance of America Mortgage LLC [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth	$ 243,900	$ 180,032
Liquidity	$ 68,451	$ 43,734
Leverage Ratio	10.2:1	13.9:1
Material Decline In Lender Adjusted Net Worth [Abstract]
Lender Adjusted Tangible Net Worth (Quarterly requirement)	$ 301,073	$ 214,979
Lender Adjusted Tangible Net Worth (Two-Consecutive Quarterly requirement)	301,073	214,979
Finance of America Mortgage LLC [Member] \| Requirement [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth	225,000	150,000
Liquidity	$ 55,000	$ 40,000
Leverage Ratio	15:1	15:1
Material Decline In Lender Adjusted Net Worth [Abstract]
Lender Adjusted Tangible Net Worth (Quarterly requirement)	$ 161,235	$ 150,539
Lender Adjusted Tangible Net Worth (Two-Consecutive Quarterly requirement)	120,432	114,830
Finance of America Mortgage LLC [Member] \| Maximum Allowable Distribution [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth	18,900	30,032
Liquidity	$ 13,451	$ 3,734
Leverage Ratio	78,327	12,154
Material Decline In Lender Adjusted Net Worth [Abstract]
Lender Adjusted Tangible Net Worth (Quarterly requirement)	$ 139,838	$ 64,440
Lender Adjusted Tangible Net Worth (Two-Consecutive Quarterly requirement)	180,641	100,149
Finance of America Commercial LLC [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth		87,350
Liquidity		$ 32,728
Leverage Ratio		2.8:1
Finance of America Commercial LLC [Member] \| Requirement [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth		$ 85,000
Liquidity		$ 20,000
Leverage Ratio		6:1
Finance of America Commercial LLC [Member] \| Maximum Allowable Distribution [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth		$ 2,350
Liquidity		$ 12,728
Leverage Ratio		46,895
Finance of America Reverse LLC [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth	452,613	$ 527,443
Liquidity	$ 113,656	$ 23,845
Leverage Ratio	4.3:1	2.9:1
Finance of America Reverse LLC [Member] \| Requirement [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth	$ 417,826	$ 417,826
Liquidity	$ 20,000	$ 20,000
Leverage Ratio	6:1	6:1
Finance of America Reverse LLC [Member] \| Maximum Allowable Distribution [Member]
Debt Instrument Covenant Description [Line Items]
Adjusted Tangible Net Worth	$ 34,787	$ 109,617
Liquidity	$ 93,656	$ 3,845
Leverage Ratio	126,542	264,134

Other Financing Lines of Cred_5

Other Financing Lines of Credit - Summary Of Components of Other Financing Lines of Credit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Total Capacity	$ 5,870,329
Outstanding borrowings	3,189,756	$ 3,347,442
Mortgage Line Of Credit [Member]
Line of Credit Facility [Line Items]
Total Capacity	3,470,329
Outstanding borrowings	1,593,908	1,996,538
Reverse Line Of Credit [Member]
Line of Credit Facility [Line Items]
Total Capacity	1,812,500
Outstanding borrowings	1,302,891	1,129,402
Commercial Lines Of Credit [Member]
Line of Credit Facility [Line Items]
Total Capacity	587,500
Outstanding borrowings	$ 292,957	221,502
April 2022 - June 2023 \| Mortgage Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	April 2022 - June 2023
Interest rate	LIBOR/SOFR + applicable margin
Collateral pledge	First Lien Mortgages
Total Capacity	$ 3,225,000
Outstanding borrowings	$ 1,431,784	1,802,348
May 2022 - November 2022 \| Mortgage Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	May 2022 - November 2022
Interest rate	LIBOR/ AMERIBOR + applicable margin
Collateral pledge	MSRs
Total Capacity	$ 95,329
Outstanding borrowings	$ 110,885	138,524
Mortgage Related Assets \| Commercial Lines Of Credit [Member]
Line of Credit Facility [Line Items]
Interest rate	LIBOR + applicable margin
Collateral pledge	Mortgage Related Assets
Outstanding borrowings		5,041
March 2026 \| Mortgage Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	March 2026
Interest rate	LIBOR + applicable margin
Collateral pledge	Mortgage Related Assets
Total Capacity	$ 150,000
Outstanding borrowings	$ 51,269	55,666
April 2022 - April 2023 \| Reverse Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	April 2022 - April 2023
Interest rate	LIBOR + applicable margin
Collateral pledge	First Lien Mortgages
Total Capacity	$ 1,275,000
Outstanding borrowings	$ 887,435	714,013
April 2022 - September 2023 \| Reverse Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	April 2022 - September 2023
Interest rate	Bond accrual rate + applicable margin
Collateral pledge	Mortgage Related Assets
Total Capacity	$ 397,500
Outstanding borrowings	$ 300,834	297,893
February 2024 \| Reverse Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	February 2024
Interest rate	LIBOR + applicable margin
Collateral pledge	MSRs
Total Capacity	$ 90,000
Outstanding borrowings	$ 70,365	78,952
May 2022 \| Reverse Line Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	May 2022
Interest rate	Prime + .50%; 6% floor
Collateral pledge	Unsecuritized Tails
Total Capacity	$ 50,000
Outstanding borrowings	$ 44,257	38,544
June 2022 - August 2022 \| Commercial Lines Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	June 2022 - August 2022
Interest rate	LIBOR/SOFR + applicable margin
Collateral pledge	Encumbered Agricultural Loans
Total Capacity	$ 125,000
Outstanding borrowings	$ 25,036	25,127
April 2022 - January 2024 \| Commercial Lines Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	April 2022 - January 2024
Interest rate	LIBOR + applicable margin
Collateral pledge	First Lien Mortgages
Total Capacity	$ 432,500
Outstanding borrowings	$ 237,921	167,159
August 2022 \| Commercial Lines Of Credit [Member]
Line of Credit Facility [Line Items]
Maturity date	August 2022
Interest rate	10%
Collateral pledge	Second Lien Mortgages
Total Capacity	$ 30,000
Outstanding borrowings	$ 30,000	$ 24,175

Payables and Other Liabilitie_2

Payables and Other Liabilities - Schedule of payables and other liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accrued liabilities	$ 259,133	$ 114,931
Derivative liabilities	91,364	26,678
Accrued compensation expense	82,052	129,919
Lease liabilities	62,933	65,518
Deferred purchase price liabilities	42,541	47,479
GNMA reverse mortgage buyout payable	33,601	31,274
Deferred tax liability, net	19,658	18,581
Estimate of claim losses	15,821	14,993
Liability for loans eligible for repurchase from Ginnie Mae	10,345	7,956
Repurchase reserves	7,856	8,685
Warrant liability	5,648	5,497
Total payables and other liabilities	$ 630,952	$ 471,511

Payables and Other Liabilitie_3

Payables and Other Liabilities - Additional information (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Public Warrants [Member]
Class of warrants or rights outstanding	14,375,000
FOA Public Warrants [Member]
Warrants and rights outstanding	$ 5.6	$ 5.5

Notes Payable, Net - Additional

Notes Payable, Net - Additional information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest Expense	$ 32,830	$ 34,366
Senior Unsecured Notes [Member]
Interest Expense	$ 6,700	$ 7,700

Notes Payable, Net - Schedule o

Notes Payable, Net - Schedule of the outstanding notes payable (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Fair value adjustment, net of amortization	$ 3,196	$ 3,383
Total notes payable, net	$ 353,196	353,383
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Maturity Date	November 2025
Interest Rate	7.90%
Debt Instrument, Face Amount	$ 350,000	$ 350,000

Litigation - Additional Informa

Litigation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Litigation [Abstract]
Litigation Settlement, Expense	$ 0.9	$ 4.2

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Commitments to Purchase Loans [Member]
Commitments and Contingencies [Line Items]
Long-term Purchase Commitment, Amount	$ 33.7	$ 47.3
Commitments to Sell Loans [Member]
Commitments and Contingencies [Line Items]
Long-term Purchase Commitment, Amount	$ 140.6	0
Equal To Or Greater Than [Member]
Commitments and Contingencies [Line Items]
Percentage of outstanding principal balance is equal to or greater than MCA.	98.00%
Percentage of outstanding principal balance of HECM is equal to or greater than MCA.	98.00%
HECM Loans [Member]
Commitments and Contingencies [Line Items]
Unfunded loan commitments	$ 2,800	2,600
Fix And Flip Loans [Member]
Commitments and Contingencies [Line Items]
Unfunded loan commitments	$ 10.3	$ 9.9

Equity Based Compensation - Sum

Equity Based Compensation - Summary of Activity of Grant (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Replacement RS Us [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Number of Units, Outstanding	10,412,866
Total Number of Units, Settled	(20,640)
Total Number of Units, Outstanding	10,392,226
Grant Date Fair Value, Outstanding \| $ / shares	$ 9.48
Grant Date Fair Value, Settled \| $ / shares	9.48
Grant Date Fair Value, Outstanding \| $ / shares	$ 9.48
Total Fair Value, Outstanding \| $	$ 98,714
Total Fair Value, Settled \| $	(196)
Total Fair Value, Outstanding \| $	$ 98,518
Replacement RS Us [Member] \| Unvested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units, Outstanding	10,392,226
Number of Units, Vested	(722,398)
Number of Units, Outstanding	9,669,828
Replacement RS Us [Member] \| Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units, Outstanding	20,640
Number of Units, Vested	722,398
Number of Units, Settled	(20,640)
Number of Units, Outstanding	722,398
Earnout Rights RS Us [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Number of Units, Outstanding	1,531,440
Total Number of Units, Outstanding	1,531,440
Grant Date Fair Value, Outstanding \| $ / shares	$ 8.91
Grant Date Fair Value, Outstanding \| $ / shares	$ 8.91
Total Fair Value, Outstanding \| $	$ 13,638
Total Fair Value, Outstanding \| $	$ 13,638
Earnout Rights RS Us [Member] \| Unvested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units, Outstanding	1,531,440
Number of Units, Outstanding	1,531,440
Earnout Rights RS Us [Member] \| Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units, Outstanding	0
Number of Units, Outstanding	0
Non L T I P R S Us [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Number of Units, Outstanding	168,221
Total Number of Units, Granted	409,835
Total Number of Units, Outstanding	578,056
Grant Date Fair Value, Outstanding \| $ / shares	$ 5.35
Grant Date Fair Value, Granted \| $ / shares	3.35
Grant Date Fair Value, Outstanding \| $ / shares	$ 3.93
Total Fair Value, Outstanding \| $	$ 900
Total Fair Value, Granted \| $	1,373
Total Fair Value, Outstanding \| $	$ 2,273
Non L T I P R S Us [Member] \| Unvested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units, Outstanding	168,221
Number of Units, Granted	409,835
Number of Units, Outstanding	578,056
Non L T I P R S Us [Member] \| Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units, Outstanding	0

Equity Based Compensation - Add

Equity Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 15, 2022	Jan. 01, 2022	Apr. 01, 2021	Oct. 28, 2020	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2022
Share-based compensation arrangement by share-based payment award,Vesting period
Employee stock purchase plan percentage of participants base earnings		15.00%
Employee stock purchase plan threshold employee contribution per calendar year		$ 50,000
Employee stock purchase plan percentage of restricted stock units granted		20.00%
Employee stock purchase plan expenses incurred					$ 100
Replacement RS Us [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation expense					15,300	$ 0
Unrecognized share-based compensation expense					51,900
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period	722,398						3,704,860
Replacement RS Us [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Award vesting rights, Percentage				25.00%
Replacement RS Us [Member] \| Amended And Restated Long Term Incentive Plan [Member] \| Maximum [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Award vesting rights, Percentage				75.00%
Earnout Rights RS Us [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation expense					2,200	0
Unrecognized share-based compensation expense					$ 4,000
Restricted stock units outstanding							0
Earnout Rights RS Us [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Fair value assumptions, Expected volatility rate					60.00%
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate					1.14%
Phantom Share Units (PSUs) [Member] \| Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Shares outstanding in period					(1,077)
Share-based compensation arrangement by share-based payment award, Cash used to settle award			$ 24,000
Non LTIP RSUs [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation expense					$ 400	$ 0
Unrecognized share-based compensation expense					$ 1,800
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period							219,987
Share-based Payment Arrangement, Tranche One [Member] \| Common Class A [Member] \| Share Price Greater Than Or Equal To Twelve Point Five Zero USD [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share price					$ 12.50
Number of trading days determining common stock share price					20 days
Number of consecutive trading days for determining common stock share price					30 days
Share-based Payment Arrangement, Tranche One [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Award vesting rights, Percentage				25.00%
Share-based Payment Arrangement, Tranche One [Member] \| Earnout Rights RS Us [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					1 year 21 days
Share-based compensation arrangement by share-based payment award,Vesting period					6 years
Share-based Payment Arrangement, Tranche Two [Member] \| Common Class A [Member] \| Share Price Greater Than Or Equal To Fifteen USD [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share price					$ 15
Number of trading days determining common stock share price					20 days
Number of consecutive trading days for determining common stock share price					30 days
Share-based Payment Arrangement, Tranche Two [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Award vesting rights, Percentage				25.00%
Share-based Payment Arrangement, Tranche Two [Member] \| Earnout Rights RS Us [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term					1 year 6 months 7 days
Share-based compensation arrangement by share-based payment award,Vesting period					6 years
Share-based Payment Arrangement, Tranche Three [Member] \| Amended And Restated Long Term Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award,Vesting period
Share-based compensation arrangement by share-based payment award, Award vesting rights, Percentage				25.00%

Business Segment Reporting - Su

Business Segment Reporting - Summary of Financial Information By Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
REVENUES
Gain on sale and other income from loans held for sale, net	$ 118,352	$ 291,334
Net fair value gains on loans and related obligations	10,435	76,663
Fee income	157,604	161,371
Net interest income (expense)	(18,957)	(21,705)
TOTAL REVENUES	267,434	507,663
Total expenses	349,536	373,314
Other, net	4,772	(8,892)
NET INCOME (LOSS) BEFORE INCOME TAXES	(77,330)	125,457
Depreciation and amortization	16,644	3,484
Total assets	22,077,907	20,100,419	$ 21,788,946
Interest Income, Operating	13,873	12,661
Interest expense	(32,830)	(34,366)
Operating Segments
REVENUES
Gain on sale and other income from loans held for sale, net	123,059	291,546
Net fair value gains on loans and related obligations	6,445	76,630
Fee income	169,800	154,759
Net interest income (expense)	(12,348)	(13,961)
TOTAL REVENUES	286,956	508,974
Total expenses	328,516	348,706
Other, net	5,029	1,080
NET INCOME (LOSS) BEFORE INCOME TAXES	(36,531)	161,348
Depreciation and amortization	16,135	3,113
Total assets	22,057,588	20,047,170
Interest Income, Operating	13,779	12,649
Interest expense	(26,127)	(26,610)
Corporate and Other
REVENUES
Fee income	0	0
Net interest income (expense)	(6,609)	(7,744)
TOTAL REVENUES	(6,609)	(7,744)
Total expenses	34,038	18,683
Other, net	(152)	(9,464)
NET INCOME (LOSS) BEFORE INCOME TAXES	(40,799)	(35,891)
Depreciation and amortization	509	371
Total assets	1,755,154	379,562
Interest Income, Operating	94	12
Interest expense	(6,703)	(7,756)
Elim
REVENUES
Gain on sale and other income from loans held for sale, net	(4,707)	(212)
Net fair value gains on loans and related obligations	3,990	33
Fee income	(12,196)	6,612
TOTAL REVENUES	(12,913)	6,433
Total expenses	(13,018)	5,925
Other, net	(105)	(508)
Depreciation and amortization	0	0
Total assets	(1,734,835)	(326,313)
Mortgage Originations \| Operating Segments
REVENUES
Gain on sale and other income from loans held for sale, net	111,921	286,481
Net fair value gains on loans and related obligations	0	0
Fee income	20,149	32,731
Net interest income (expense)	3,201	891
TOTAL REVENUES	135,271	320,103
Total expenses	156,783	224,246
NET INCOME (LOSS) BEFORE INCOME TAXES	(21,512)	95,857
Depreciation and amortization	2,820	1,423
Total assets	1,761,388	2,425,529
Interest Income, Operating	12,572	12,483
Interest expense	(9,371)	(11,592)
Reverse Originations \| Operating Segments
REVENUES
Net fair value gains on loans and related obligations	105,755	68,449
Fee income	1,816	524
TOTAL REVENUES	107,571	68,973
Total expenses	43,179	23,693
Other, net	3,214	34
NET INCOME (LOSS) BEFORE INCOME TAXES	67,606	45,314
Depreciation and amortization	9,598	151
Total assets	416,127	35,861
Commercial Originations \| Operating Segments
REVENUES
Net fair value gains on loans and related obligations	3,475	5,431
Fee income	17,158	8,930
TOTAL REVENUES	20,633	14,361
Total expenses	23,087	13,391
Other, net	124	149
NET INCOME (LOSS) BEFORE INCOME TAXES	(2,330)	1,119
Depreciation and amortization	514	125
Total assets	26,752	82,375
Lender Services \| Operating Segments
REVENUES
Gain on sale and other income from loans held for sale, net	210	0
Net fair value gains on loans and related obligations	0	0
Fee income	76,152	76,383
Net interest income (expense)	127	(36)
TOTAL REVENUES	76,489	76,347
Total expenses	70,756	62,970
Other, net	1,664	2
NET INCOME (LOSS) BEFORE INCOME TAXES	7,397	13,379
Depreciation and amortization	3,112	1,268
Total assets	224,673	125,317
Interest Income, Operating	160	28
Interest expense	(33)	(64)
Portfolio Management
REVENUES
Gain on sale and other income from loans held for sale, net	10,928	5,065
Net fair value gains on loans and related obligations		2,750
Portfolio Management \| Operating Segments
REVENUES
Net fair value gains on loans and related obligations	(102,785)
Fee income	54,525	36,191
Net interest income (expense)	(15,676)	(14,816)
TOTAL REVENUES	(53,008)	29,190
Total expenses	34,711	24,406
Other, net	27	895
NET INCOME (LOSS) BEFORE INCOME TAXES	(87,692)	5,679
Depreciation and amortization	91	146
Total assets	19,628,648	17,378,088
Interest Income, Operating	1,047	138
Interest expense	$ (16,723)	$ (14,954)

Liquidity and Capital Require_2

Liquidity and Capital Requirements - Additional information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Liquidity And Capital Requirements [Line Items]
Minimum net capital requirement	$ 300
Policyholders' Surplus	8,000
Total requirement	4,000
State of Missouri
Liquidity And Capital Requirements [Line Items]
Minimum capital and surplus	1,600
State of Alabama
Liquidity And Capital Requirements [Line Items]
Minimum capital and surplus	200
Finance of America Mortgage LLC
Liquidity And Capital Requirements [Line Items]
Minimum adjusted net worth balance of capital requirements	183,100
Adjusted balance of capital requirements	$ 243,900	$ 180,032
Description of factors that may affect minimum net worth requirements	The net worth required is $5.0 million plus 1% of FAR’s commitment authority from Ginnie Mae. The liquidity requirement is for 20% of FAR’s required net worth to be in the form of cash or cash equivalent assets. FAR is required to maintain a ratio of 6% of net worth to total assets.
Minimum tangible net worth required	$ 106,600
Tangible capital, actual	439,000
Net worth	$ 5,000
Percentage FAR commitment with addition to net worth	1.00%
Percentage of liquidity	20.00%
Percentage of net worth to total assets	6.00%
Finance of America Mortgage LLC \| State of Missouri
Liquidity And Capital Requirements [Line Items]
Adjusted balance of capital requirements	$ 301,100

Related Party Transactions - Ad

Related Party Transactions - Additional information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2021	Jul. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Nov. 30, 2020
Related Party Transaction [Line Items]
Warrant exercised for purchase of units		0.0001
Series A 2 Convertible Preferred Units [Member]
Related Party Transaction [Line Items]
Percentage of fully diluted equity ownership after contractual exercise		$ 6,426,015
Contractual cash exercise price			$ 36.4
Two Thousand And Nineteen Promissory Notes
Related Party Transaction [Line Items]
Interest Expense, Related Party			$ 0
Maturity period			January 2023
Notes payable related parties current			$ 0
BTO Urban Holdings And Libman Family Holdings, LLC \| Two Thousand And Nineteen Promissory Notes
Related Party Transaction [Line Items]
Interest rate	6.50%
FarmOp Capital Holdings, LLC \| Originated Agricultural Loans
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			73,300	$ 83,000
FarmOp Capital Holdings, LLC \| Originated Agricultural Loans Funded Draw Amounts
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction			88,700	82,100
FarmOp Capital Holdings, LLC \| Promissory Notes
Related Party Transaction [Line Items]
Outstanding promissory notes	$ 4,100		4,200
Cloudvirga, Inc
Related Party Transaction [Line Items]
Impairment of the equity investment				9,300
Capitalized Computer Software, Additions				1,700
Cloudvirga, Inc \| Professional Fees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction				600
Various Investors Of UFG \| Non Recourse MSR Financing
Related Party Transaction [Line Items]
Related party outstanding advance	115,400		160,100
MSR fair value	$ 155,100		176,100
Related Parties Of FOA \| Promissory Notes
Related Party Transaction [Line Items]
Debt Instrument, Face Amount					$ 135,000
Investment Management Agreement [Member] \| Investment Advice [Member]
Related Party Transaction [Line Items]
Investment management and advisory fees earned			$ 100	$ 100

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Net income before income taxes	$ (77,330)	$ 125,457
Provision for income taxes	$ (13,335)	$ 1,137
Effective tax provision rate	17.24%	0.91%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Income Tax Disclosure [Abstract]
Uncertain tax positions interest or penalties recognized	$ 0

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share Basic by Common Class (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Numerator
Net loss		$ (63,995)	$ 124,320
Less: loss attributable to noncontrolling interests	[1]	(55,502)
Net loss attributable to holders of Class A Common Stock - basic		$ (8,493)
Denominator
Weighted average shares of Class A Common Stock outstanding - basic		60,773,891	0
Basic net loss per share		$ (0.14)	$ 0

[1]	The Class A LLC Units of FoA Equity, held by the Continuing Unitholders, which comprise the noncontrolling interest in the Company, represents a participating security. Therefore, the numerator was adjusted to reduce net income by the amount of net income attributable to noncontrolling interests.

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Earnings Per Share Diluted by Common Class (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Numerator
Net loss attributable to holders of Class A Common Stock		$ (8,493)
Denominator
Weighted average shares of Class A Common Stock outstanding - basic		60,773,891	0
Effect of dilutive securities:
Weighted average shares of Class A Common Stock outstanding - diluted		189,448,936	0
Diluted net loss per share		$ (0.30)	$ 0
Common Class A [Member]
Numerator
Net loss attributable to holders of Class A Common Stock		$ (8,493)
Reallocation of net loss assuming exchange of Class A LLC Units	[1]	(48,753)
Net loss attributable to holders of Class A Common Stock - diluted		$ (57,246)
Denominator
Weighted average shares of Class A Common Stock outstanding - basic		60,773,891
Effect of dilutive securities:
Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock	[2]	128,675,045
Weighted average shares of Class A Common Stock outstanding - diluted		189,448,936
Diluted net loss per share		$ (0.30)

[1]	This adjustment assumes the after-tax elimination of noncontrolling interest due to the assumed exchange of all Class A LLC Units outstanding for shares of Class A Common Stock in FoA as of the beginning of the period following the if-converted method for calculating diluted net income (loss) per share. Following the terms of the A&R LLC Agreement, the Class A LLC unitholders will initially bear approximately 85% of the cost of any vesting associated with the Replacement RSUs and Earnout Right RSUs prior to any distribution by the Company to such Class A LLC unitholders. The remaining compensation cost associated with the Replacement RSUs and Earnout Right RSUs will be born by FoA for the share attributable to Blackstone Tactical Opportunities Fund (Urban Feeder) - NQ L.P., a Delaware limited partnership (“Blocker”). As a result of the application of the if-converted method, in arriving at diluted net loss per share, the entirety of the compensation cost associated with vesting of the Replacement RSUs and Earnout Right RSUs is assumed to be included in the net loss attributable to holders of the Company’s Class A Common Stock.
[2]	The diluted weighted average shares outstanding of Class A Common Stock includes the effects of the if-converted method to reflect the provisions of the Exchange Agreement and assumes the Class A LLC Units held by Continuing Unitholders, representing the noncontrolling interest, exchange their units on a one-for-one basis for shares of Class A Common Stock in FoA.

Equity (Detail)

Equity (Detail) - $ / shares	Mar. 31, 2022	Mar. 04, 2022	Apr. 01, 2021	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common units outstanding	128,633,367			128,633,367
Capital Unit, Class A [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	65,074,069			65,074,069
Common units outstanding	189,448,936			189,448,936
Conversion of Stock, Shares Converted		49,696
Capital Unit, Class A [Member] \| Noncontrolling Interest [Member]
Class of Stock [Line Items]
Common units outstanding	60,815,569			60,815,569
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	60,815,569			60,815,569	60,815,569
Common stock, shares issued	60,815,569			60,815,569	60,815,569
Common stock, par value (in dollars per share)	$ 0.0001			$ 0.0001	$ 0.0001
Common stock shares outstanding unvested portion	4,258,500			4,258,500
Conversion of Stock, Shares Converted		49,696
Common Class B [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	15			15	15
Common stock, shares issued	15			15	15
Stock issued during period, shares			15
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001