v3.22.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 226,846 $ 141,238
Restricted cash 315,980 322,403
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value 10,672,152 10,556,054
Loans held for investment, subject to nonrecourse debt, at fair value 6,235,990 6,218,194
Loans held for investment, at fair value 1,218,990 1,031,328
Loans held for sale, at fair value 1,709,357 2,052,378
Mortgage servicing rights ("MSRs"), at fair value, $163,981 and $142,435, subject to nonrecourse MSRs financing liability, respectively 426,102 427,942
Derivative assets 281,205 48,870
Fixed assets and leasehold improvements, net 29,933 29,256
Intangible assets, net 589,092 602,900
Other assets, net 372,260 358,383
TOTAL ASSETS 22,077,907 21,788,946
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 10,548,131 10,422,358
Nonrecourse debt, at fair value 6,323,777 6,111,242
Other financing lines of credit 3,189,756 3,347,442
Payables and other liabilities 630,952 471,511
Notes payable, net 353,196 353,383
TOTAL LIABILITIES 21,045,812 20,705,936
Commitments and Contingencies (Note 20)
EQUITY (Note 27)    
Additional paid-in capital 845,002 831,620
Accumulated deficit (452,106) (443,613)
Accumulated other comprehensive loss (99) (110)
Noncontrolling interest 639,292 695,107
TOTAL EQUITY 1,032,095 1,083,010
TOTAL LIABILITIES AND EQUITY 22,077,907 21,788,946
Class A Common Stock    
EQUITY (Note 27)    
Common Stock Value 6 6
Class B Common Stock    
EQUITY (Note 27)    
Common Stock Value $ 0 $ 0

Source