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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, 2023December 31, 2022
Restricted cash (1)
$143,535 $136,220 
Accrued interest receivable37,312 34,067 
Real estate owned34,353 18,588 
Other assets in consolidated multi-family properties28,923 13,681 
Recoverable advances on residential loans18,328 13,979 
Collections receivable from residential loan servicers14,956 15,374 
Other receivables12,593 11,357 
Operating lease right-of-use assets6,581 7,831 
Derivative assets (2)
6,510 2,473 
Deferred tax assets4,510 2,671 
Lease intangibles, net in consolidated multi-family properties2,378 — 
Other5,378 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, 2023December 31, 2022
Dividends and dividend equivalents payable$32,151 $49,996 
Accrued interest payable23,653 10,629 
Accrued expenses and other liabilities in consolidated multi-family properties21,797 10,511 
Accrued expenses11,515 15,576 
Operating lease liabilities7,102 8,383 
Unfunded commitments for residential and multi-family investments6,587 2,950 
Deferred revenue5,469 7,131 
Advanced remittances from residential loan servicers4,332 9,098 
Deferred tax liabilities2,012 394 
Other3,398 1,323 
  Total$118,016 $115,991