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Other Assets and Other Liabilities

9 Months Ended

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

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