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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 35,497 $ 13,273
Restricted cash 9,586 7,020
Loans held for sale, net   13,106
Loans held for investment, net 2,295,697 1,948,089
Loans held for investment, at fair value 1,360 1,539
Total loans, net 2,297,057 1,962,734
Accrued interest receivables 11,974 11,373
Receivables due from servicers 57,058 71,044
Other receivables 870 4,085
Real estate owned, net 17,905 15,767
Property and equipment, net 3,348 4,145
Net deferred tax asset 17,026 6,654
Other assets 6,843 6,779
Total assets 2,457,164 2,102,874
LIABILITIES    
Accounts payable and accrued expenses 79,360 63,361
Secured financing, net 163,449 74,982
Securitizations, net 1,623,674 1,579,019
Warehouse and repurchase facilities, net 258,491 75,923
Total liabilities 2,124,974 1,793,285
STOCKHOLDERS' EQUITY    
Preferred stock ($0.01 par value, 25,000,000 shares authorized; 45,000 issued and outstanding as reflected in Mezzanine Equity)
Common stock ($0.01 par value, 100,000,000 shares authorized at September 30, 2021 and December 31, 2020; 20,604,732 and 20,087,494 shares issued, respectively) 206 201
Additional paid-in capital 205,915 204,190
Retained earnings 36,069 15,198
Total stockholders' equity 242,190 219,589
Total liabilities, mezzanine equity and stockholders' equity 2,457,164 2,102,874
Series A Preferred Stock    
MEZZANINE EQUITY    
Series A Convertible preferred stock (45,000 shares designated, $0.01 par value; 45,000 shares issued and outstanding) $ 90,000 $ 90,000