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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Pledged assets included in cash and cash equivalents |  | $ 1,060,005 | $ 1,424,160 |
Mortgage servicing rights |  | $ 2,018,896 | $ 1,748,209 | [1]
Preferred stock, par value (USD per share) |  | $ 0.01 | $ 0.01 |
Preferred stock authorized (shares) |  | 63,500,000 | 63,500,000 |
Preferred stock issued (shares) |  | 63,500,000 | 63,500,000 |
Preferred stock outstanding (shares) |  | 63,500,000 | 63,500,000 |
Common stock, par value (USD per share) |  | $ 0.01 | $ 0.01 |
Common stock authorized (shares) |  | 1,468,250,000 | 2,936,500,000 |
Common stock issued (shares) |  | 493,893,288 | 468,309,810 |
Common stock outstanding (shares) |  | 493,893,288 | 468,309,810 |
Mortgage-backed securities | [2] | $ 71,202,461 | $ 65,789,907 | [1]
Asset Pledged as Collateral without Right |  |  |  |
Pledged assets included in loans, net |  | 1,101,419 | 1,653,464 |
Consolidated VIEs |  |  |  |
Cash and cash equivalents |  | 3,500 | 2,200 |
Agency Mortgage-Backed Securities |  |  |  |
Pledged assets |  | 63,021,106 | 60,660,121 |
Non-Agency Mortgage-Backed Securities |  |  |  |
Mortgage servicing rights |  | 1,128,460 | 684,703 |
Non-Agency Mortgage-Backed Securities | Consolidated VIEs |  |  |  |
Mortgage-backed securities |  | 1,300,000 | 1,000,000 |
Residential Mortgage Loans |  |  |  |
Loans held-for-sale |  | $ 1,100 | $ 1,300 |
[1] | (1)Derived from the audited consolidated financial statements at December 31, 2022.
[2] | (3)Excludes $1.3 billion and $1.0 billion at June 30, 2023 and December 31, 2022, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.

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