v3.23.3
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 66,341 $ 61,149
Restricted cash 216,273 179,764
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value 17,185,552 11,114,100
Loans held for investment, subject to nonrecourse debt, at fair value 7,912,759 7,454,638
Loans held for investment, at fair value 467,319 907,998
Loans held for sale, at fair value 23,956 173,984
Mortgage servicing rights ("MSR"), at fair value, $0 and $60,562 subject to nonrecourse MSR financing liability, respectively 7,944 95,096
Fixed assets and leasehold improvements, net 8,055 9,131
Intangible assets, net 269,228 297,119
Other assets, net 231,679 266,316
Assets of discontinued operations 8,356 313,360
TOTAL ASSETS 26,397,462 20,872,655
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 16,978,168 10,996,755
Nonrecourse debt, at fair value 7,812,570 7,343,177
Other financing lines of credit 852,813 1,327,634
Payables and other liabilities 220,818 173,732
Notes payable, carrying value 411,124 399,402
Liabilities of discontinued operations 18,360 227,114
TOTAL LIABILITIES 26,293,853 20,467,814
Commitments and Contingencies (Note 18)
EQUITY (Note 24)    
Additional paid-in capital 940,717 888,488
Accumulated deficit (775,744) (634,295)
Accumulated other comprehensive loss (221) (273)
Noncontrolling interest (61,152) 150,915
TOTAL EQUITY 103,609 404,841
TOTAL LIABILITIES AND EQUITY 26,397,462 20,872,655
Common Class A    
EQUITY (Note 24)    
Common stock, value 9 6
Common Class B    
EQUITY (Note 24)    
Common stock, value $ 0 $ 0

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