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v3.23.2

Other Assets and Other Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2023
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of June 30, 2023 and December 31, 2022, respectively (dollar amounts in thousands):
|  | June 30, 2023 |  | December 31, 2022
Restricted cash (1) |  | $ | 112,970 |  |  | $ | 136,220 |
Accrued interest receivable |  | 30,828 |  |  | 34,067 |
Collections receivable from residential loan servicers |  | 27,519 |  |  | 15,374 |
Recoverable advances on residential loans |  | 15,597 |  |  | 13,979 |
Other receivables |  | 14,157 |  |  | 11,357 |
Other assets in consolidated multi-family properties |  | 12,756 |  |  | 13,681 |
Operating lease right-of-use assets |  | 7,222 |  |  | 7,831 |
Real estate owned |  | 5,789 |  |  | 18,588 |
Deferred tax assets |  | 2,816 |  |  | 2,671 |
Derivative assets (2) |  | 2,610 |  |  | 2,473 |
Other |  | 5,360 |  |  | 3,115 |
Total |  | $ | 237,624 |  |  | $ | 259,356 |
(1)Restricted cash represents cash held by third parties, including initial margin for interest rate swap contracts and cash held by the Company's securitization trusts and consolidated multi-family properties. (2)Includes derivative asset held in a consolidated multi-family property.
Schedule of Other Liabilities | The following table presents the components of the Company's other liabilities as of June 30, 2023 and December 31, 2022, respectively (dollar amounts in thousands):
|  | June 30, 2023 |  | December 31, 2022
Dividends and dividend equivalents payable |  | $ | 40,391 |  |  | $ | 49,996 |
Accrued interest payable |  | 12,977 |  |  | 10,629 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 10,479 |  |  | 10,511 |
Accrued expenses |  | 9,632 |  |  | 15,576 |
Operating lease liabilities |  | 7,753 |  |  | 8,383 |
Deferred revenue |  | 5,648 |  |  | 7,131 |
Advanced remittances from residential loan servicers |  | 5,269 |  |  | 9,098 |
Unfunded commitments for residential loans |  | 2,432 |  |  | 2,950 |
Deferred tax liabilities |  | 279 |  |  | 394 |
Other |  | 2,934 |  |  | 1,323 |
Total |  | $ | 97,794 |  |  | $ | 115,991 |

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