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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Pledged assets included in cash and cash equivalents |  | $ 1,367,057 | $ 1,136,298 |
Pledged assets in securities | [1] | 66,500,689 | 69,613,565 | [2]
Pledged assets in loans, net | [3] | 2,717,823 | 2,353,084 | [2]
Pledged assets included in mortgage servicing rights |  | $ 2,651,279 | $ 2,122,196 | [2]
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 | 1,468,250,000 |
Common stock issued (shares) |  | 500,440,023 | 500,080,287 |
Common stock outstanding (shares) |  | 500,440,023 | 500,080,287 |
Residential Mortgage Loans |  |  |  |
Loans held-for-sale |  | $ 3,600 | $ 1,200 |
Consolidated VIEs |  |  |  |
Cash and Cash Equivalents, at Carrying Value |  | 2,300 | 2,000 |
Consolidated VIEs | Non-Agency Mortgage-Backed Securities |  |  |  |
Mortgage-backed securities |  | 1,800,000 | 1,500,000 |
Asset Pledged as Collateral |  |  |  |
Pledged assets in securities |  | 61,602,873 | 65,400,248 |
Pledged assets in loans, net |  | 2,022,487 | 2,082,419 |
Pledged assets included in mortgage servicing rights |  | $ 1,857,834 | $ 1,781,279 |
[1] | (3)Excludes $1.8 billion and $1.5 billion at March 31, 2024 and December 31, 2023, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[2] | (1)Derived from the audited consolidated financial statements at December 31, 2023.
[3] | (4)Includes $3.6 million and $1.2 million of residential mortgage loans held for sale at March 31, 2024 and December 31, 2023, respectively.

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