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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Restricted cash (2) $ 80.8 $ 53.5
Advances, net ($481.8 and $573.0 related to VIEs) 577.2 678.8
Loans Held-for-sale, Fair Value Disclosure 1,290.2 674.2
Loans held for sale 1,290.2 677.3
Loans held for investment - unsecuritized 11,125.3 7,975.5
Receivables, net ($31.9 and $19.9 related to VIEs) 176.4 154.8
Other assets, fair value 15.7 22.0
Other assets ($15.7 and $22.0 carried at fair value) ($42.0 and $18.6 related to VIEs) 111.3 106.2
Other financing liabilities 846.9 900.0
Advance match funded liabilities ($416.5 and $498.9 related to VIEs) 417.1 499.7
Mortgage loan financing facilities ($481.9 and $143.4 related to VIEs) 1,528.2 710.6
Senior Notes 487.4 595.8
Other liabilities, fair value $ 28.0 $ 7.2
Series B Preferred Stock, par value (in dollars per share) $ 0.01  
Series B Preferred Stock, liquidation preference $ 25.00  
Series B Preferred Stock, authorized (in shares) 2,400,000  
Series B Preferred Stock, issued (in shares) 2,111,787  
Series B Preferred Stock, outstanding (in shares) 2,111,787  
Common stock, par value per share $ 0.01 $ 0.01
Common stock, shares authorized 13,333,333 13,333,333
Common stock, shares, issued 7,873,053 7,684,401
Common stock, shares, outstanding 7,873,053 7,684,401
Affiliated Entity    
Other financing liabilities $ 322.7 $ 409.2
Related Party    
Senior Notes 239.7 48.7
Variable Interest Entity, Primary Beneficiary    
Restricted cash (2) 29.1 24.2
Advances, net ($481.8 and $573.0 related to VIEs) 481.8 573.0
Loans held for sale 575.4 269.6
Loans held for investment - unsecuritized 0.0 5.6
Receivables, net ($31.9 and $19.9 related to VIEs) 31.9 19.9
Other assets ($15.7 and $22.0 carried at fair value) ($42.0 and $18.6 related to VIEs) 42.0 18.6
Other financing liabilities 0.0 5.6
Advance match funded liabilities ($416.5 and $498.9 related to VIEs) 498.9 416.5
Mortgage loan financing facilities ($481.9 and $143.4 related to VIEs) $ 481.9 $ 143.4