XML 13 R3.htm IDEA: XBRL DOCUMENT v3.23.1
UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Restricted cash $ 39,300 $ 66,200
Advances, net 656,900 718,900
Loans held for sale, at fair value 845,200 617,800
Loans held for sale 849,400 622,700
Loans held for investment, at fair value 7,669,000 7,510,800
Other assets, at fair value 32,900 8,000
Other assets 359,300 364,200
Other financing liabilities, due to related parties 318,700 329,800
Other financing liabilities, at fair value 1,152,500 1,137,400
Advance match funded liabilities 469,900 513,700
Senior notes, due to related parties 232,500 230,200
Other liabilities, fair value $ 12,400 $ 15,800
Common stock, par value per share (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 13,333,333 13,333,333
Common stock, shares, issued (in shares) 7,638,611 7,526,117
Common stock, shares, outstanding (in shares) 7,638,611 7,526,117
Commitments and Contingencies (Notes 19 and 20)
Receivables, net 200,200 180,800
Mortgage servicing rights (MSRs), at fair value 2,580,600 2,665,200
Cash and cash equivalents 216,600 208,000
Other liabilities ($12.4 and $15.8 carried at fair value) 652,500 708,500
Liabilities 12,210,700 11,942,500
Investment in equity method investee 36,800 42,200
Total Assets 12,627,000 12,399,200
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,470,600 7,326,800
Mortgage loan warehouse facilities 948,300 702,700
MSR financing facilities, net 914,600 953,800
Senior notes, net ($232.5 and $230.2 due to related party) 602,300 599,600
Additional paid-in capital 546,700 547,000
Accumulated deficit (128,100) (87,900)
Accumulated other comprehensive loss, net of income taxes (2,400) (2,500)
Premises and equipment, net 18,900 20,200
Common stock, $.01 par value; 13,333,333 shares authorized; 7,638,611 and 7,526,117 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 100 100
Cumulative effect of new accounting pronouncement 416,300 456,700
Liabilities and Equity 12,627,000 12,399,200
Variable Interest Entity, Primary Beneficiary    
Restricted cash 17,800 17,600
Advances, net 548,800 608,400
Loans held for investment, at fair value 6,200 6,700
Other assets 2,000 3,200
Other financing liabilities, at fair value 6,200 6,700
Advance match funded liabilities $ 468,900 $ 512,500