XML 46 R37.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Other Assets and Other Liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of September 30, 2022 and December 31, 2021, respectively (dollar amounts in thousands):
|  | September 30, 2022 |  | December 31, 2021
Restricted cash (1) |  | $ | 124,641 |  |  | $ | 48,259 |
Accrued interest receivable |  | 37,426 |  |  | 26,688 |
Other receivables |  | 12,982 |  |  | 14,507 |
Collections receivable from residential loan servicers |  | 14,152 |  |  | 28,634 |
Recoverable advances on residential loans |  | 12,600 |  |  | 14,143 |
Other assets in consolidated multi-family properties |  | 13,549 |  |  | 21,668 |
Operating lease right-of-use assets |  | 8,132 |  |  | 9,011 |
Real estate owned |  | 3,049 |  |  | 2,055 |
Deferred tax assets |  | 2,595 |  |  | 6,282 |
Lease intangibles, net in consolidated multi-family properties (2) |  | — |  |  | 39,769 |
Other |  | 4,414 |  |  | 4,003 |
Total |  | $ | 233,540 |  |  | $ | 215,019 |
(1)Restricted cash represents cash held by third parties, including cash held by the Company's securitization trusts and consolidated multi-family properties. (2)In September 2022, the Company announced a repositioning of its business through the opportunistic disposition over time of the Company's joint venture equity investments in multi-family properties and reallocation of its capital away from such assets to its targeted assets. Accordingly, as of September 30, 2022, the Company determined that certain joint venture equity investments met the criteria to be classified as held for sale and transferred the other assets, including lease intangibles, of the respective Consolidated VIEs to assets and liabilities of disposal group held for sale in the accompanying condensed consolidated balance sheets. See Note 9 for additional information.
Schedule of Other Liabilities | The following table presents the components of the Company's other liabilities as of September 30, 2022 and December 31, 2021, respectively (dollar amounts in thousands):
|  | September 30, 2022 |  | December 31, 2021
Advanced remittances from residential loan servicers |  | $ | 84,480 |  |  | $ | 16,603 |
Dividends and dividend equivalents payable |  | 48,558 |  |  | 48,328 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 12,335 |  |  | 22,583 |
Accrued expenses |  | 13,413 |  |  | 13,408 |
Accrued interest payable |  | 11,908 |  |  | 9,051 |
Deferred revenue |  | 9,662 |  |  | 13,019 |
Operating lease liabilities |  | 8,691 |  |  | 9,584 |
Unfunded commitments for residential loans |  | 4,711 |  |  | 21,364 |
Deferred tax liabilities |  | 412 |  |  | 6,681 |
Other |  | 3,019 |  |  | 460 |
Total |  | $ | 197,189 |  |  | $ | 161,081 |

X
- References No definition available. + Details
Name: | us-gaap_OffsettingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other liabilities. + References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration