v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 704,898 $ 731,088
Mortgage loans at fair value 7,134,960 16,909,901
Derivative assets 82,869 67,356
Investment securities at fair value, pledged 113,290 152,263
Accounts receivable, net 383,147 415,691
Mortgage servicing rights 4,453,261 3,314,952
Premises and equipment, net 152,477 151,687
Operating lease right-of-use asset, net (includes $102,322 and $104,595 with related parties) 104,181 104,828
Finance lease right-of-use asset (includes $26,867 and $28,619 with related parties) 42,218 57,024
Loans eligible for repurchase from Ginnie Mae 345,490 563,423
Other assets 83,834 60,145
Total assets 13,600,625 22,528,358
Liabilities and equity    
Warehouse lines of credit 6,443,992 15,954,938
Derivative liabilities 49,748 36,741
Secured line of credit 750,000 0
Borrowings against investment securities 101,345 118,786
Accounts payable, accrued expenses and other 439,719 523,988
Accrued distributions and dividends payable 159,465 9,171
Senior notes 1,984,336 1,980,112
Operating lease liability (includes $109,473 and $111,999 with related parties) 111,332 112,231
Finance lease liability (includes $27,857 and $29,087 with related parties) 43,505 57,967
Loans eligible for repurchase from Ginnie Mae 345,490 563,423
Total liabilities 10,428,932 19,357,357
Equity    
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of December 31, 2022 or 2021 0 0
Additional paid-in capital 903 437
Retained earnings 142,500 141,805
Non-controlling interest 3,028,131 3,028,600
Total equity 3,171,693 3,171,001
Total liabilities and equity 13,600,625 22,528,358
Common Class A    
Equity    
Common stock, $0.0001 par value 9 9
Common Class B    
Equity    
Common stock, $0.0001 par value 0 0
Common Class C    
Equity    
Common stock, $0.0001 par value 0 0
Common Class D    
Equity    
Common stock, $0.0001 par value $ 150 $ 150