XML 94 R83.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Information - Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Assets:        
Cash and cash equivalents $ 908,049 $ 928,974 $ 774,544 $ 534,357
Restricted cash 546,643 608,233 $ 704,844 $ 713,808
Loans and investments, net 12,001,544 12,377,806    
Loans held-for-sale, net 322,875 551,707    
Capitalized mortgage servicing rights, net 385,520 391,254    
Securities held-to-maturity, net 155,413 155,279    
Investments in equity affiliates 90,244 79,303    
Goodwill and other intangible assets 90,205 91,378    
Other assets and due from related party 604,363 554,702    
Total assets [1] 15,104,856 15,738,636    
Liabilities:        
Debt obligations 11,368,326 11,933,819    
Allowance for loss-sharing obligations 72,790 71,634    
Other liabilities and due to related parties 429,432 478,578    
Total liabilities [1] 11,870,548 12,484,031    
Structured Business | Operating segments        
Assets:        
Cash and cash equivalents 453,316 619,487    
Restricted cash 530,099 595,342    
Loans and investments, net 12,001,544 12,377,806    
Loans held-for-sale, net 0 0    
Capitalized mortgage servicing rights, net 0 0    
Securities held-to-maturity, net 0 0    
Investments in equity affiliates 90,244 79,303    
Goodwill and other intangible assets 12,500 12,500    
Other assets and due from related party 532,385 453,073    
Total assets 13,620,088 14,137,511    
Liabilities:        
Debt obligations 11,056,363 11,520,492    
Allowance for loss-sharing obligations 0 0    
Other liabilities and due to related parties 343,557 369,588    
Total liabilities 11,399,920 11,890,080    
Agency Business | Operating segments        
Assets:        
Cash and cash equivalents 454,733 309,487    
Restricted cash 16,544 12,891    
Loans and investments, net 0 0    
Loans held-for-sale, net 322,875 551,707    
Capitalized mortgage servicing rights, net 385,520 391,254    
Securities held-to-maturity, net 155,413 155,279    
Investments in equity affiliates 0 0    
Goodwill and other intangible assets 77,705 78,878    
Other assets and due from related party 71,978 101,629    
Total assets 1,484,768 1,601,125    
Liabilities:        
Debt obligations 311,963 413,327    
Allowance for loss-sharing obligations 72,790 71,634    
Other liabilities and due to related parties 85,875 108,990    
Total liabilities $ 470,628 $ 593,951    
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At March 31, 2024 and December 31, 2023, assets of our consolidated VIEs totaled $8,289,662 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $6,715,750 and $6,967,877, respectively. See Note 14 for discussion of our VIEs