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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 208.0 $ 192.8
Restricted cash ($9,759 and $16,791 related to variable interest entities (VIEs)) 66.2 70.7
Mortgage servicing rights, at fair value 2,665.2 2,250.1
Advances, net (amounts related to VIEs of $608.4 and $587.1) 718.9 772.4
Loans held for sale ($617.8 and $917.5 carried at fair value) ($0.0 and $462.1 related to VIEs) 622.7 928.5
Loans held for sale ($617.8 and $917.5 carried at fair value) ($0.0 and $462.1 related to VIEs) 7,510.8 7,207.6
Receivables, net 180.8 180.7
Investment in equity method investee 42.2 23.3
Premises and equipment, net 20.2 13.7
Other assets ($8.0 and $21.9 carried at fair value) ($3.2 and $1.5 related to VIEs) 364.2 507.3
Total assets 12,399.2 12,147.1
Liabilities    
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,326.8 6,885.0
Other financing liabilities, at fair value ($329.8 and $238.1 due to related party) ($6.7 and $7.9 related to VIEs) 1,137.4 805.0
Advance match funded liabilities ($512.5 and $512.3 related to VIEs) 513.7 512.3
Mortgage loan warehouse facilities 702.7 1,085.1
MSR financing facilities, net 953.8 900.8
Senior Notes 599.6 614.8
Other liabilities ($3,080 and $4,638 carried at fair value) 708.5 867.5
Total liabilities 11,942.5 11,670.4
Commitments and Contingencies (Notes 24 and 25)
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 0.1 0.1
Additional paid-in capital 547.0 592.6
Accumulated deficit (87.9) (113.6)
Accumulated other comprehensive loss, net of income taxes (2.5) (2.4)
Total stockholders’ equity 456.7 476.7
Total liabilities and stockholders’ equity $ 12,399.2 $ 12,147.1