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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 255,885 $ 192,792
Restricted cash ($9,032 and $9,759 related to variable interest entities (VIEs)) 66,690 70,654
Mortgage servicing rights (MSRs), at fair value 2,485,679 2,250,147
Advances, net ($550,978 and $587,059 related to VIEs) 647,167 772,433
Loans held for sale ($683,140 and $917,534 carried at fair value) ($127,138 and $462,144 related to VIEs) 687,465 928,527
Loans held for investment, at fair value ($7,289 and $7,879 related to VIEs) 7,383,817 7,207,641
Receivables, net 178,480 180,707
Investment in equity method investee 38,821 23,297
Premises and equipment, net 19,200 13,674
Other assets 344,486 507,250
Total assets 12,107,690 12,147,123
Liabilities    
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,155,251 6,885,022
Other financing liabilities, at fair value ($355,530 and $238,144 due to related party) ($7,289 and $7,879 related to VIEs ) 913,627 804,963
Advance match funded liabilities ($475,487 and $512,297 related to VIEs) 476,978 512,297
Mortgage loan warehouse facilities 779,270 1,085,076
MSR financing facilities, net 987,712 900,760
Senior notes, net ($226,165 and $222,242 due to related party) 594,889 614,797
Other liabilities ($9,646 and $3,080 carried at fair value) 656,048 867,514
Total liabilities 11,563,775 11,670,429
Commitments and Contingencies (Notes 21 and 22)
Stockholders’ Equity    
Common stock, $.01 par value; 13,333,333 shares authorized; 9,189,005 and 9,208,312 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 92 92
Additional paid-in capital 591,132 592,572
Accumulated deficit (45,168) (113,604)
Accumulated other comprehensive loss, net of income taxes (2,141) (2,366)
Total stockholders’ equity 543,915 476,694
Total liabilities and stockholders’ equity $ 12,107,690 $ 12,147,123