Current report filing

Consolidated Statements of Financial Condition

v3.23.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 61,149 $ 103,778
Restricted cash 179,764 322,091
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value 11,114,100 10,556,054
Loans held for investment, subject to nonrecourse debt, at fair value 7,454,638 6,218,194
Loans held for investment, at fair value 907,998 1,031,328
Loans held for sale, at fair value 173,984 158,156
Mortgage servicing rights ("MSR"), at fair value, $60,562 and $142,435 subject to nonrecourse MSR financing liability, respectively 95,096 427,942
Derivative assets 1,678 24,453
Fixed assets and leasehold improvements, net 9,131 12,785
Intangible assets, net 297,119 342,173
Other assets, net 264,638 272,421
Assets of discontinued operations 313,360 2,319,571
TOTAL ASSETS 20,872,655 21,788,946
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 10,996,755 10,422,358
Nonrecourse debt, at fair value (includes amounts due to related parties of $0 and $142,435, respectively) 7,343,177 6,111,242
Other financing lines of credit 1,327,634 1,530,637
Payables and other liabilities 173,732 260,458
Notes payable, net (includes amounts due to related parties of $46,790 and $0, respectively) 399,402 353,383
Liabilities of discontinued operations 227,114 2,027,858
TOTAL LIABILITIES 20,467,814 20,705,936
Commitments and Contingencies (Note 24)
EQUITY (Note 37)    
Additional paid-in capital 888,488 831,620
Accumulated deficit (634,295) (443,613)
Accumulated other comprehensive loss (273) (110)
Noncontrolling interest 150,915 695,107
TOTAL EQUITY 404,841 1,083,010
TOTAL LIABILITIES AND EQUITY 20,872,655 21,788,946
Class A Common Stock    
EQUITY (Note 37)    
Common stock, value 6 6
Class B Common Stock    
EQUITY (Note 37)    
Common stock, value $ 0 $ 0