XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 226,570 $ 192,792
Restricted cash ($11,859 and $9,759 related to variable interest entities (VIEs)) 45,269 70,654
Mortgage servicing rights (MSRs), at fair value 2,714,225 2,250,147
Advances, net ($540,142 and $587,059 related to VIEs) 642,461 772,433
Loans held for sale ($725,218 and $917,534 carried at fair value) ($0 and $462,144 related to VIEs) 729,638 928,527
Loans held for investment, at fair value ($6,802 and $7,879 related to VIEs) 7,402,285 7,207,641
Receivables, net 170,838 180,707
Investment in equity method investee 38,711 23,297
Premises and equipment, net 18,782 13,674
Other assets 371,290 507,250
Total assets 12,360,069 12,147,123
Liabilities    
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,208,385 6,885,022
Other financing liabilities, at fair value ($341,965 and $238,144 due to related party) ($6,802 and $7,879 related to VIEs ) 989,722 804,963
Advance match funded liabilities ($456,233 and $512,297 related to VIEs) 457,452 512,297
Mortgage loan warehouse facilities 819,557 1,085,076
MSR financing facilities, net 1,020,606 900,760
Senior notes, net ($228,122 and $222,242 due to related party) 597,129 614,797
Other liabilities ($23,747 and $3,080 carried at fair value) 721,112 867,514
Total liabilities 11,813,963 11,670,429
Commitments and Contingencies (Notes 21 and 22)
Stockholders’ Equity    
Common stock, $.01 par value; 13,333,333 shares authorized; 7,934,594 and 9,208,312 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 79 92
Additional paid-in capital 556,290 592,572
Accumulated deficit (8,229) (113,604)
Accumulated other comprehensive loss, net of income taxes (2,034) (2,366)
Total stockholders’ equity 546,106 476,694
Total liabilities and stockholders’ equity $ 12,360,069 $ 12,147,123