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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
 [2]
Assets    
Cash and cash equivalents (includes pledged assets of $1,207,566 and $1,137,809, respectively) [1] $ 1,380,456 $ 1,243,703
Securities (includes pledged assets of $62,625,413 and $67,471,074, respectively) [3] 69,032,335 75,652,396
Loans, net (includes pledged assets of $1,669,699 and $2,231,035, respectively) [4] 3,563,008 3,083,821
Mortgage servicing rights (includes pledged assets of $0 and $5,541, respectively) 202,616 100,895
Interests in MSR 49,035 0
Assets transferred or pledged to securitization vehicles 4,073,156 6,910,020
Real estate, net 0 656,314
Assets of disposal group held for sale (includes pledged assets of $2,185,727 and $0, respectively) 3,302,001 [5] 0
Derivative assets 181,889 171,134
Receivable for unsettled trades 14,336 15,912
Principal and interest receivable 250,210 268,073
Goodwill and intangible assets, net 26,502 127,341
Other assets 300,761 225,494
Total assets 82,376,305 88,455,103
Liabilities    
Repurchase agreements 60,221,067 64,825,239
Other secured financing 909,655 917,876
Debt issued by securitization vehicles 3,315,087 5,652,982
Participations issued 315,810 39,198
Mortgages payable 0 426,256
Liabilities of disposal group held for sale 2,362,690 0
Derivative liabilities 900,259 1,033,345
Payable for unsettled trades 154,405 884,069
Interest payable 173,721 191,116
Dividends payable 317,714 307,613
Other liabilities 66,721 155,613
Total liabilities 68,737,129 74,433,307
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 63,500,000 and 85,150,000 authorized, respectively, 63,500,000 issued and outstanding 1,536,569 1,536,569
Common stock, par value $0.01 per share, 2,936,500,000 and 2,914,850,000 authorized, respectively, 1,444,156,029 and 1,398,240,618 issued and outstanding, respectively 14,442 13,982
Additional paid-in capital 20,178,692 19,750,818
Accumulated other comprehensive income (loss) 1,780,275 3,374,335
Accumulated deficit (9,892,863) (10,667,388)
Total stockholders’ equity 13,617,115 14,008,316
Noncontrolling interests 22,061 13,480
Total equity 13,639,176 14,021,796
Total liabilities and equity $ 82,376,305 $ 88,455,103
[1] Includes cash of consolidated Variable Interest Entities (“VIEs”) of $17.2 million and $22.2 million at June 30, 2021 and December 31, 2020, respectively.
[2] Derived from the audited consolidated financial statements at December 31, 2020.
[3] Excludes $48.4 million and $81.5 million at June 30, 2021 and December 31, 2020, respectively, of Agency mortgage-backed securities, $191.8 million and $576.6 million at June 30, 2021 and December 31, 2020, respectively, of non-Agency mortgage-backed securities and $0 and $391.0 million at June 30, 2021 and December 31, 2020, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[4] Includes $3.7 million and $47.0 million of residential mortgage loans held for sale at June 30, 2021 and December 31, 2020, respectively, and $466.4 million and $0 of corporate loans held for sale at June 30, 2021 and December 31, 2020, respectively.
[5] Excludes $251.0 million at June 30, 2021 of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.