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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 192,792 $ 284,802
Restricted cash ($9,759 and $16,791 related to variable interest entities (VIEs)) 70,654 72,463
Mortgage servicing rights, at fair value 2,250,147 1,294,817
Advances, net (amounts related to VIEs of $587,059 and $651,576) 772,433 828,239
Loans held for sale ($917,534 and $366,364 carried at fair value) ($462,144 and $0 related to VIEs) 928,527 387,836
Loans held for investment, at fair value ($7,879 and $9,770 related to VIEs) 7,207,641 7,006,897
Receivables, net 180,707 187,665
Investment in equity method investee 23,297 0
Premises and equipment, net 13,674 16,925
Other assets ($21,886 and $25,476 carried at fair value) ($1,530 and $4,544 related to VIEs) 507,250 571,483
Total assets 12,147,123 10,651,127
Liabilities    
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 6,885,022 6,772,711
Other financing liabilities, at fair value ($238,144 and $0 due to related party) ($7,879 and $9,770 related to VIEs) 804,963 576,722
Advance match funded liabilities (related to VIEs) 512,297 581,288
Mortgage loan warehouse facilities 1,085,076 451,713
MSR financing facilities, net 900,760 437,672
Senior secured term loan, net 0 179,776
Senior notes, net ($222,242 due to related parties) 614,797 311,898
Other liabilities ($3,080 and $4,638 carried at fair value) 867,514 923,975
Total liabilities 11,670,429 10,235,755
Commitments and Contingencies (Notes 25 and 26)
Stockholders’ Equity    
Common stock, $.01 par value; 13,333,333 shares authorized; 9,208,312 and 8,687,750 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 92 87
Additional paid-in capital 592,572 556,062
Accumulated deficit (113,604) (131,682)
Accumulated other comprehensive loss, net of income taxes (2,366) (9,095)
Total stockholders’ equity 476,694 415,372
Total liabilities and stockholders’ equity $ 12,147,123 $ 10,651,127