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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

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