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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
 [2]
Assets    
Cash and cash equivalents (includes pledged assets of $866,501 and $1,424,160, respectively) [1] $ 1,241,122 $ 1,576,714
Securities (includes pledged assets of $65,884,416 and $60,660,121, respectively) [3] 69,860,730 65,789,907
Loans, net (includes pledged assets of $1,649,034 and $1,653,464, respectively) [4] 1,793,140 1,809,832
Mortgage servicing rights (includes pledged assets of $1,135,798 and $684,703, respectively) 2,234,813 1,748,209
Assets transferred or pledged to securitization vehicles 11,450,346 9,121,912
Derivative assets 549,833 342,064
Receivable for unsettled trades 1,047,566 575,091
Principal and interest receivable 1,158,648 637,301
Intangible assets, net 12,778 16,679
Other assets 299,447 233,003
Total assets 89,648,423 81,850,712
Liabilities    
Repurchase agreements 64,693,821 59,512,597
Other secured financing 500,000 250,000
Debt issued by securitization vehicles 9,983,847 7,744,160
Participations issued 788,442 800,849
Derivative liabilities 97,616 204,172
Payable for unsettled trades 2,214,319 1,157,846
Interest payable 198,084 325,280
Dividends payable 321,629 412,113
Other liabilities 173,608 74,269
Total liabilities 78,971,366 70,481,286
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 63,500,000 authorized, issued and outstanding 1,536,569 1,536,569
Common stock, par value $0.01 per share, 1,468,250,000 authorized, 494,814,038 and 468,309,810 issued and outstanding, respectively 4,948 4,683
Additional paid-in capital 23,572,996 22,981,320
Accumulated other comprehensive income (loss) (2,694,776) (3,708,896)
Accumulated deficit (11,855,267) (9,543,233)
Total stockholders’ equity 10,564,470 11,270,443
Noncontrolling interests 112,587 98,983
Total equity 10,677,057 11,369,426
Total liabilities and equity $ 89,648,423 $ 81,850,712
[1] (2)Includes cash of consolidated Variable Interest Entities (“VIEs”) of $3.6 million and $2.2 million at September 30, 2023 and December 31, 2022, respectively.
[2] (1)Derived from the audited consolidated financial statements at December 31, 2022.
[3] (3)Excludes $1.3 billion and $1.0 billion at September 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. 
[4] (4)Includes $1.1 million and $1.3 million of residential mortgage loans held for sale at September 30, 2023 and December 31, 2022, respectively.