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v3.23.3

Other Assets and Other Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2023
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of September 30, 2023 and December 31, 2022, respectively (dollar amounts in thousands):
|  | September 30, 2023 |  | December 31, 2022
Restricted cash (1) |  | $ | 127,097 |  |  | $ | 136,220 |
Accrued interest receivable |  | 34,108 |  |  | 34,067 |
Other assets in consolidated multi-family properties |  | 16,965 |  |  | 13,681 |
Recoverable advances on residential loans |  | 16,666 |  |  | 13,979 |
Other receivables |  | 11,638 |  |  | 11,357 |
Real estate owned |  | 11,502 |  |  | 18,588 |
Collections receivable from residential loan servicers |  | 9,882 |  |  | 15,374 |
Operating lease right-of-use assets |  | 6,900 |  |  | 7,831 |
Deferred tax assets |  | 3,350 |  |  | 2,671 |
Derivative assets (2) |  | 2,031 |  |  | 2,473 |
Other |  | 5,031 |  |  | 3,115 |
Total |  | $ | 245,170 |  |  | $ | 259,356 |
(1)Restricted cash represents cash held by third parties, initial margin for interest rate swap contracts, cash held by the Company's securitization trusts and restricted cash held by 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 September 30, 2023 and December 31, 2022, respectively (dollar amounts in thousands):
|  | September 30, 2023 |  | December 31, 2022
Dividends and dividend equivalents payable |  | $ | 40,568 |  |  | $ | 49,996 |
Accrued interest payable |  | 19,434 |  |  | 10,629 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 12,373 |  |  | 10,511 |
Accrued expenses |  | 10,654 |  |  | 15,576 |
Operating lease liabilities |  | 7,430 |  |  | 8,383 |
Deferred revenue |  | 5,342 |  |  | 7,131 |
Securities purchased but not settled |  | 4,916 |  |  | — |
Unfunded commitments for residential loans |  | 4,249 |  |  | 2,950 |
Advanced remittances from residential loan servicers |  | 4,077 |  |  | 9,098 |
Swap margin payable |  | 2,980 |  |  | — |
Deferred tax liabilities |  | 761 |  |  | 394 |
Other |  | 3,842 |  |  | 1,323 |
Total |  | $ | 116,626 |  |  | $ | 115,991 |

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