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Other Assets and Other Liabilities | 6 Months Ended
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Jun. 30, 2025
Offsetting [Abstract] |
Other Assets and Other Liabilities | 12. Other Assets and Other Liabilities Other Assets The following table presents the components of the Company's other assets as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):
|  | June 30, 2025 |  | December 31, 2024
Restricted cash (1) |  | $ | 106,671 |  |  | $ | 161,602 |
Accrued interest receivable |  | 64,474 |  |  | 62,075 |
Collections receivable from residential loan servicers |  | 49,157 |  |  | 50,294 |
Real estate owned |  | 45,363 |  |  | 47,651 |
Other receivables |  | 23,343 |  |  | 27,776 |
Mortgage servicing rights |  | 19,449 |  |  | 21,003 |
Recoverable advances on residential loans |  | 17,966 |  |  | 17,391 |
Other assets in consolidated multi-family properties |  | 14,552 |  |  | 16,640 |
Receivables from derivative counterparties |  | 11,119 |  |  | 11,059 |
Operating lease right-of-use assets |  | 4,872 |  |  | 5,460 |
Deferred tax assets |  | 3,846 |  |  | 10,864 |
Derivative assets (2) |  | 374 |  |  | 56 |
Other |  | 6,471 |  |  | 6,003 |
Total |  | $ | 367,657 |  |  | $ | 437,874 |
(1)Restricted cash represents cash held by third parties including initial margin for derivative contracts and cash held by the Company's securitization trusts. (2)Includes derivative assets held in Consolidated Real Estate VIEs. Other Liabilities The following table presents the components of the Company's other liabilities as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):
|  | June 30, 2025 |  | December 31, 2024
Accrued interest payable |  | $ | 43,747 |  |  | $ | 41,015 |
Dividends and dividend equivalents payable |  | 32,452 |  |  | 30,280 |
Margin payable to derivative counterparties |  | 14,459 |  |  | 8,137 |
Unfunded commitments for residential and multi-family investments |  | 11,950 |  |  | 14,001 |
Accrued expenses |  | 11,515 |  |  | 11,141 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 8,877 |  |  | 10,621 |
Deferred revenue |  | 6,717 |  |  | 5,817 |
Advanced remittances from residential loan servicers |  | 5,898 |  |  | 7,029 |
Operating lease liabilities |  | 5,299 |  |  | 5,935 |
Deferred tax liabilities |  | 2,265 |  |  | 9,282 |
Other |  | 2,827 |  |  | 4,354 |
Total |  | $ | 146,006 |  |  | $ | 147,612 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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