XML 59 R44.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Assets and Other Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of December 31, 2023 and 2022, respectively (dollar amounts in thousands):
|  | December 31, 2023 |  | December 31, 2022
Restricted cash (1) |  | $ | 143,535 |  |  | $ | 136,220 |
Accrued interest receivable |  | 37,312 |  |  | 34,067 |
Real estate owned |  | 34,353 |  |  | 18,588 |
Other assets in consolidated multi-family properties |  | 28,923 |  |  | 13,681 |
Recoverable advances on residential loans |  | 18,328 |  |  | 13,979 |
Collections receivable from residential loan servicers |  | 14,956 |  |  | 15,374 |
Other receivables |  | 12,593 |  |  | 11,357 |
Operating lease right-of-use assets |  | 6,581 |  |  | 7,831 |
Derivative assets (2) |  | 6,510 |  |  | 2,473 |
Deferred tax assets |  | 4,510 |  |  | 2,671 |
Lease intangibles, net in consolidated multi-family properties |  | 2,378 |  |  | — |
Other |  | 5,378 |  |  | 3,115 |
Total |  | $ | 315,357 |  |  | $ | 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 assets held in consolidated multi-family properties.
Schedule of Other Liabilities | The following table presents the components of the Company's other liabilities as of December 31, 2023 and 2022, respectively (dollar amounts in thousands):
|  | December 31, 2023 |  | December 31, 2022
Dividends and dividend equivalents payable |  | $ | 32,151 |  |  | $ | 49,996 |
Accrued interest payable |  | 23,653 |  |  | 10,629 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 21,797 |  |  | 10,511 |
Accrued expenses |  | 11,515 |  |  | 15,576 |
Operating lease liabilities |  | 7,102 |  |  | 8,383 |
Unfunded commitments for residential and multi-family investments |  | 6,587 |  |  | 2,950 |
Deferred revenue |  | 5,469 |  |  | 7,131 |
Advanced remittances from residential loan servicers |  | 4,332 |  |  | 9,098 |
Deferred tax liabilities |  | 2,012 |  |  | 394 |
Other |  | 3,398 |  |  | 1,323 |
Total |  | $ | 118,016 |  |  | $ | 115,991 |

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