Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition

v3.22.2
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 219,033 $ 141,238
Restricted cash 354,803 322,403
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value 10,882,441 10,556,054
Loans held for investment, subject to nonrecourse debt, at fair value 6,600,762 6,218,194
Loans held for investment, at fair value 1,058,410 1,031,328
Loans held for sale, at fair value 1,229,594 2,052,378
Mortgage servicing rights ("MSRs"), at fair value, $143,382 and $142,435, subject to nonrecourse MSRs financing liability, respectively 359,006 427,942
Derivative assets 55,186 48,870
Fixed assets and leasehold improvements, net 29,805 29,256
Intangible assets, net 575,284 602,900
Other assets, net 371,902 358,383
TOTAL ASSETS 21,736,226 21,788,946
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 10,745,879 10,422,358
Nonrecourse debt, at fair value 6,752,084 6,111,242
Other financing lines of credit 2,593,290 3,347,442
Payables and other liabilities 428,768 471,511
Notes payable, net 353,005 353,383
TOTAL LIABILITIES 20,873,026 20,705,936
Commitments and Contingencies (Note 16)
EQUITY (Note 22)    
Additional paid-in capital 860,232 831,620
Accumulated deficit (492,786) (443,613)
Accumulated other comprehensive loss (262) (110)
Noncontrolling interest 496,010 695,107
TOTAL EQUITY 863,200 1,083,010
TOTAL LIABILITIES AND EQUITY 21,736,226 21,788,946
Class A Common Stock    
EQUITY (Note 22)    
Common Stock Value 6 6
Class B Common Stock    
EQUITY (Note 22)    
Common Stock Value $ 0 $ 0