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Other Assets and Other Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2024
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of June 30, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
|  | June 30, 2024 |  | December 31, 2023
Restricted cash (1) |  | $ | 132,636 |  |  | $ | 143,535 |
Accrued interest receivable |  | 45,753 |  |  | 37,312 |
Real estate owned |  | 44,556 |  |  | 34,353 |
Other assets in consolidated multi-family properties |  | 22,388 |  |  | 28,923 |
Other receivables |  | 21,664 |  |  | 11,445 |
Recoverable advances on residential loans |  | 17,459 |  |  | 18,328 |
Collections receivable from residential loan servicers |  | 16,271 |  |  | 14,956 |
Receivables from derivative counterparties |  | 8,127 |  |  | 1,148 |
Operating lease right-of-use assets |  | 6,029 |  |  | 6,581 |
Deferred tax assets |  | 5,232 |  |  | 4,510 |
Derivative assets (2) |  | 3,828 |  |  | 6,510 |
Lease intangibles, net in consolidated multi-family properties |  | — |  |  | 2,378 |
Other |  | 4,775 |  |  | 5,378 |
Total |  | $ | 328,718 |  |  | $ | 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 Real Estate VIEs.
Schedule of Other Liabilities | The following table presents the components of the Company's other liabilities as of June 30, 2024 and December 31, 2023, respectively (dollar amounts in thousands):
|  | June 30, 2024 |  | December 31, 2023
Dividends and dividend equivalents payable |  | $ | 30,361 |  |  | $ | 32,151 |
Accrued interest payable |  | 27,717 |  |  | 23,653 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 15,730 |  |  | 21,797 |
Unfunded commitments for residential and multi-family investments |  | 11,523 |  |  | 6,587 |
Accrued expenses |  | 9,523 |  |  | 11,515 |
Advanced remittances from residential loan servicers |  | 6,921 |  |  | 4,332 |
Operating lease liabilities |  | 6,540 |  |  | 7,102 |
Payables to derivative counterparties |  | 6,226 |  |  | — |
Deferred revenue |  | 5,463 |  |  | 5,469 |
Deferred tax liabilities |  | 2,803 |  |  | 2,012 |
Other |  | 2,987 |  |  | 3,398 |
Total |  | $ | 125,794 |  |  | $ | 118,016 |

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