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Other Assets and Other Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Offsetting [Abstract] |
Schedule of Other Assets | The following table presents the components of the Company's other assets as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):
|  | December 31, 2024 |  | December 31, 2023
Restricted cash (1) |  | $ | 161,602 |  |  | $ | 143,535 |
Accrued interest receivable |  | 62,075 |  |  | 37,312 |
Collections receivable from residential loan servicers |  | 50,294 |  |  | 14,956 |
Real estate owned |  | 47,651 |  |  | 34,353 |
Other receivables |  | 27,776 |  |  | 11,445 |
Mortgage servicing rights |  | 21,003 |  |  | — |
Recoverable advances on residential loans |  | 17,391 |  |  | 18,328 |
Other assets in consolidated multi-family properties |  | 16,640 |  |  | 28,923 |
Receivables from derivative counterparties |  | 11,059 |  |  | 1,148 |
Deferred tax assets |  | 10,864 |  |  | 4,510 |
Operating lease right-of-use assets |  | 5,460 |  |  | 6,581 |
Derivative assets (2) |  | 56 |  |  | 6,510 |
Lease intangibles, net in consolidated multi-family properties |  | — |  |  | 2,378 |
Other |  | 6,003 |  |  | 5,378 |
Total |  | $ | 437,874 |  |  | $ | 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 December 31, 2024 and 2023, respectively (dollar amounts in thousands):
|  | December 31, 2024 |  | December 31, 2023
Accrued interest payable |  | $ | 41,015 |  |  | $ | 23,653 |
Dividends and dividend equivalents payable |  | 30,280 |  |  | 32,151 |
Unfunded commitments for residential and multi-family investments |  | 14,001 |  |  | 6,587 |
Accrued expenses |  | 11,141 |  |  | 11,515 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 10,621 |  |  | 21,797 |
Deferred tax liabilities |  | 9,282 |  |  | 2,012 |
Swap margin payable |  | 8,137 |  |  | — |
Advanced remittances from residential loan servicers |  | 7,029 |  |  | 4,332 |
Operating lease liabilities |  | 5,935 |  |  | 7,102 |
Deferred revenue |  | 5,817 |  |  | 5,469 |
Other |  | 4,354 |  |  | 3,398 |
Total |  | $ | 147,612 |  |  | $ | 118,016 |

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