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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 2,310,661 $ 2,131,174
Restricted cash 77,027 80,423
Mortgage loans held for sale, at fair value 10,685,144 19,323,568
Mortgage servicing rights (“MSRs”), at fair value 6,410,288 5,385,613
Notes receivable and due from affiliates 10,796 9,753
Property and equipment, net of accumulated depreciation and amortization of $581,618 and $567,406, respectively 260,042 254,376
Deferred tax asset, net 555,663 572,049
Lease right of use assets 414,201 427,895
Loans subject to repurchase right from Ginnie Mae 1,490,804 1,918,032
Other assets 2,152,276 2,115,814
Total assets 25,248,020 32,774,895
Liabilities    
Funding facilities 6,469,607 12,751,592
Lines of credit 0 75,000
Senior Notes, net 4,023,861 4,022,491
Early buy out facility 1,698,167 1,896,784
Accounts payable 288,860 271,544
Lease liabilities 468,693 482,184
Forward commitments, at fair value 34,126 19,911
Investor reserves 80,759 78,888
Notes payable and due to affiliates 29,656 33,650
Tax receivable agreement liability 647,852 688,573
Loans subject to repurchase right from Ginnie Mae 1,490,804 1,918,032
Other liabilities 1,314,339 776,714
Total liabilities 16,546,724 23,015,363
Equity    
Additional paid-in capital 241,458 287,558
Retained earnings 305,794 378,005
Accumulated other comprehensive income 22 81
Non-controlling interest 8,154,002 9,093,868
Total equity 8,701,296 9,759,532
Total liabilities and equity 25,248,020 32,774,895
Class A common stock    
Equity    
Common stock 1 1
Class B common stock    
Equity    
Common stock 0 0
Class C common stock    
Equity    
Common stock 0 0
Class D common stock    
Equity    
Common stock 19 19
IRLCs    
Assets    
Derivatives, at fair value 213,210 538,861
Forward commitments    
Assets    
Derivatives, at fair value $ 667,908 $ 17,337