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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Pledged assets included in cash and cash equivalents |  | $ 1,791,768 | $ 1,202,880 |
Pledged assets in securities | [1] | 73,500,626 | 69,756,447 | [2]
Pledged assets in loans, net | [3] | 3,722,272 | 3,546,902 | [2]
Pledged assets included in mortgage servicing rights |  | $ 3,281,190 | $ 2,909,134 | [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) |  | 642,076,127 | 578,357,118 |
Common stock outstanding (shares) |  | 642,076,127 | 578,357,118 |
Residential Mortgage Loans |  |  |  |
Loans held-for-sale |  | $ 200 | $ 10,000 |
Consolidated VIEs |  |  |  |
Cash and Cash Equivalent |  | 3,600 | 2,800 |
Consolidated VIEs | Non-Agency Mortgage-Backed Securities |  |  |  |
Mortgage-backed securities |  | 2,600,000 | 2,200,000 |
Asset Pledged as Collateral |  |  |  |
Pledged assets in securities |  | 68,247,105 | 67,692,062 |
Pledged assets in loans, net |  | 3,524,255 | 2,754,028 |
Pledged assets included in mortgage servicing rights |  | $ 3,245,125 | $ 2,460,252 |
[1] | (3)Excludes $2.6 billion and $2.2 billion at June 30, 2025 and December 31, 2024, 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, 2024.
[3] | (4)Includes $0.2 million and $10.0 million of residential mortgage loans held for sale at June 30, 2025 and December 31, 2024, respectively.

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