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Other Assets and Other Liabilities | 9 Months Ended
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Sep. 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 September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):
|  | September 30, 2025 |  | December 31, 2024
Restricted cash (1) |  | $ | 112,430 |  |  | $ | 161,602 |
Accrued interest receivable |  | 72,887 |  |  | 62,075 |
Real estate owned |  | 42,669 |  |  | 47,651 |
Collections receivable from residential loan servicers |  | 34,082 |  |  | 50,294 |
Other receivables |  | 30,096 |  |  | 27,776 |
Mortgage servicing rights |  | 21,896 |  |  | 21,003 |
Intangible assets |  | 17,882 |  |  | 252 |
Other assets in consolidated multi-family properties |  | 16,101 |  |  | 16,640 |
Recoverable advances on residential loans |  | 14,589 |  |  | 17,391 |
Receivables from derivative counterparties |  | 11,500 |  |  | 11,059 |
Deferred tax assets |  | 9,373 |  |  | 10,864 |
Operating lease right-of-use assets |  | 4,571 |  |  | 5,460 |
Derivative assets (2) |  | 2,612 |  |  | 56 |
Other |  | 7,492 |  |  | 5,751 |
Total |  | $ | 398,180 |  |  | $ | 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 September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):
|  | September 30, 2025 |  | December 31, 2024
Accrued interest payable |  | $ | 56,128 |  |  | $ | 41,015 |
Dividends and dividend equivalents payable |  | 35,891 |  |  | 30,280 |
Accrued expenses |  | 19,319 |  |  | 11,141 |
Margin payable to derivative counterparties |  | 13,322 |  |  | 8,137 |
Accrued expenses and other liabilities in consolidated multi-family properties |  | 10,563 |  |  | 10,621 |
Unfunded commitments for residential and multi-family investments |  | 8,729 |  |  | 14,001 |
Deferred tax liabilities |  | 7,802 |  |  | 9,282 |
Deferred revenue |  | 6,976 |  |  | 5,817 |
Operating lease liabilities |  | 4,972 |  |  | 5,935 |
Advanced remittances from residential loan servicers |  | 2,926 |  |  | 7,029 |
Holdback for representations and warranties |  | 2,500 |  |  | — |
Derivative liabilities |  | 121 |  |  | — |
Other |  | 4,614 |  |  | 4,354 |
Total |  | $ | 173,863 |  |  | $ | 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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