v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Gain on sale and other income from loans held for sale, net $ 118,352 $ 291,334
Net fair value gains on loans and related obligations 10,435 76,663
Fee income 157,604 161,371
Net interest expense:    
Interest income 13,873 12,661
Interest expense (32,830) (34,366)
Net interest expense (18,957) (21,705)
TOTAL REVENUES 267,434 507,663
EXPENSES    
Salaries, benefits and related expenses 209,076 238,530
Occupancy, equipment rentals and other office related expenses 7,837 7,597
General and administrative expenses 132,623 127,187
TOTAL EXPENSES 349,536 373,314
OTHER, NET 4,772 (8,892)
NET INCOME (LOSS) BEFORE INCOME TAXES (77,330) 125,457
Provision (benefit) for income taxes (13,335) 1,137
NET INCOME (LOSS) (63,995) 124,320
Contingently Redeemable Noncontrolling Interest ("CRNCI") 0 4,260
Noncontrolling interest (55,502) 201
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST $ (8,493) $ 119,859
EARNINGS PER SHARE (Note 26)    
Basic weighted average shares outstanding 60,773,891 0
Basic net loss per share $ (0.14) $ 0
Diluted weighted average shares outstanding 189,448,936 0
Diluted net loss per share $ (0.30) $ 0

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