Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Details)

v3.23.1
Business Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Fee income $ 6,352 $ 55,173  
Interest income 2,091 1,184  
Interest expense (31,556) (23,480)  
TOTAL REVENUES 140,855 46,058  
TOTAL EXPENSES 83,777 107,403  
OTHER, NET 936 2,984  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 58,014 (58,361)  
TOTAL ASSETS 26,825,989   $ 20,872,655
Continuing Operations      
Segment Reporting Information [Line Items]      
Gain (loss) on sale and other income from loans held for sale, net (12,426) 6,221  
Net fair value gains on loans and related obligations 176,394 6,960  
Fee income 6,352 55,173  
Interest income 2,091 1,184  
Interest expense (31,556) (23,480)  
Net interest expense (29,465) (22,296)  
TOTAL REVENUES 140,855 46,058  
TOTAL EXPENSES 83,777 107,403  
OTHER, NET 936 2,984  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 58,014 (58,361)  
Depreciation and amortization 10,105 10,198  
TOTAL ASSETS 26,674,539 20,080,663  
Operating segments | Continuing Operations      
Segment Reporting Information [Line Items]      
Gain (loss) on sale and other income from loans held for sale, net (12,370) 10,928  
Net fair value gains on loans and related obligations 176,394 2,970  
Fee income 8,643 58,330  
Interest income 1,470 1,090  
Interest expense (23,996) (16,777)  
Net interest expense (22,526) (15,687)  
TOTAL REVENUES 150,141 56,541  
TOTAL EXPENSES 60,203 82,138  
OTHER, NET 31 3,241  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 89,969 (22,356)  
Depreciation and amortization 9,657 9,689  
TOTAL ASSETS 26,623,676 20,046,439  
Operating segments | Retirement Solutions | Continuing Operations      
Segment Reporting Information [Line Items]      
Gain (loss) on sale and other income from loans held for sale, net (1,312) 0  
Net fair value gains on loans and related obligations 24,475 105,755  
Fee income 3,180 3,805  
Interest income 0 43  
Interest expense 0 (54)  
Net interest expense 0 (11)  
TOTAL REVENUES 26,343 109,549  
TOTAL EXPENSES 35,524 47,427  
OTHER, NET 31 3,214  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (9,150) 65,336  
Depreciation and amortization 9,643 9,598  
TOTAL ASSETS 296,417 417,791  
Operating segments | Portfolio Management | Continuing Operations      
Segment Reporting Information [Line Items]      
Gain (loss) on sale and other income from loans held for sale, net (11,058) 10,928  
Net fair value gains on loans and related obligations 151,919 (102,785)  
Fee income 5,463 54,525  
Interest income 1,470 1,047  
Interest expense (23,996) (16,723)  
Net interest expense (22,526) (15,676)  
TOTAL REVENUES 123,798 (53,008)  
TOTAL EXPENSES 24,679 34,711  
OTHER, NET 0 27  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 99,119 (87,692)  
Depreciation and amortization 14 91  
TOTAL ASSETS 26,327,259 19,628,648  
Corporate and Other | Continuing Operations      
Segment Reporting Information [Line Items]      
Gain (loss) on sale and other income from loans held for sale, net 0 0  
Net fair value gains on loans and related obligations 0 0  
Fee income 2,953 9,039  
Interest income 621 94  
Interest expense (7,560) (6,703)  
Net interest expense (6,939) (6,609)  
TOTAL REVENUES (3,986) 2,430  
TOTAL EXPENSES 28,874 38,283  
OTHER, NET 905 (152)  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (31,955) (36,005)  
Depreciation and amortization 448 509  
TOTAL ASSETS 1,912,801 1,769,059  
Eliminations | Continuing Operations      
Segment Reporting Information [Line Items]      
Gain (loss) on sale and other income from loans held for sale, net (56) (4,707)  
Net fair value gains on loans and related obligations 0 3,990  
Fee income (5,244) (12,196)  
Interest income 0 0  
Interest expense 0 0  
Net interest expense 0 0  
TOTAL REVENUES (5,300) (12,913)  
TOTAL EXPENSES (5,300) (13,018)  
OTHER, NET 0 (105)  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 0 0  
Depreciation and amortization 0 0  
TOTAL ASSETS $ (1,861,938) $ (1,734,835)