Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

v3.24.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 46,482 $ 61,149
Restricted cash 178,319 179,764
Loans, at fair value 26,400,630 19,650,720
Intangible assets, net 253,531 297,119
Other assets, net 221,907 370,543
Assets of discontinued operations 6,721 313,360
TOTAL ASSETS 27,107,590 20,872,655
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 17,353,720 10,996,755
Nonrecourse debt, at fair value 7,904,200 7,343,177
Other financing lines of credit 928,479 1,327,634
Notes payable, carrying value 410,911 399,402
Payables and other liabilities 219,569 173,732
Liabilities of discontinued operations 18,304 227,114
TOTAL LIABILITIES 26,835,183 20,467,814
Commitments and Contingencies (Note 21)
EQUITY (Note 33)    
Additional paid-in capital 946,929 888,488
Accumulated deficit (714,383) (634,295)
Accumulated other comprehensive loss (249) (273)
Noncontrolling interest 40,100 150,915
TOTAL EQUITY 272,407 404,841
TOTAL LIABILITIES AND EQUITY 27,107,590 20,872,655
Loans held for investment, subject to HMBS related obligations    
ASSETS    
Loans, at fair value 17,548,763 11,114,100
Loans held for investment, subject to nonrecourse debt    
ASSETS    
Loans, at fair value 8,272,393 7,454,638
Loans Held-For-Investment    
ASSETS    
Loans, at fair value 575,228 907,998
Loans Held-For-Sale    
ASSETS    
Loans, at fair value 4,246 173,984
Common Class A    
EQUITY (Note 33)    
Common stock, value 10 6
Common Class B    
EQUITY (Note 33)    
Common stock, value $ 0 $ 0