XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Other Assets and Other Liabilities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of March 31, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
|  | March 31, 2024 |  | December 31, 2023
Restricted cash (1) |  | $ | 163,792 |  |  | $ | 143,535 |
Real estate owned |  | 41,397 |  |  | 34,353 |
Accrued interest receivable |  | 39,936 |  |  | 37,312 |
Other assets in consolidated multi-family properties |  | 24,321 |  |  | 28,923 |
Recoverable advances on residential loans |  | 18,093 |  |  | 18,328 |
Other receivables |  | 16,781 |  |  | 12,593 |
Collections receivable from residential loan servicers |  | 16,732 |  |  | 14,956 |
Derivative assets (2) |  | 7,143 |  |  | 6,510 |
Operating lease right-of-use assets |  | 6,308 |  |  | 6,581 |
Deferred tax assets |  | 4,162 |  |  | 4,510 |
Lease intangibles, net in consolidated multi-family properties |  | 951 |  |  | 2,378 |
Other |  | 5,383 |  |  | 5,378 |
Total |  | $ | 344,999 |  |  | $ | 315,357 |
(1)Restricted cash represents cash held by third parties, initial margin for derivative contracts and cash held by the Company's securitization trusts. (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 March 31, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
|  | March 31, 2024 |  | December 31, 2023
Dividends and dividend equivalents payable |  | $ | 30,101 |  |  | $ | 32,151 |
Accrued interest payable |  | 27,836 |  |  | 23,653 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 15,163 |  |  | 21,797 |
Operating lease liabilities |  | 6,823 |  |  | 7,102 |
Accrued expenses |  | 6,303 |  |  | 11,515 |
Swap margin payable |  | 6,193 |  |  | — |
Deferred revenue |  | 5,220 |  |  | 5,469 |
Advanced remittances from residential loan servicers |  | 4,999 |  |  | 4,332 |
Unfunded commitments for residential and multi-family investments |  | 3,701 |  |  | 6,587 |
Deferred tax liabilities |  | 1,391 |  |  | 2,012 |
Other |  | 3,021 |  |  | 3,398 |
Total |  | $ | 110,751 |  |  | $ | 118,016 |

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