Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 95,148 $ 120,260
Restricted cash 6,654 7,121
Mortgage loans held for sale, at fair value 1,126,159 901,227
Reverse mortgage loans held for investment, at fair value 348,076 315,912
Ginnie Mae loans subject to repurchase right 653,978 699,622
Mortgage servicing rights, at fair value 1,216,483 1,161,357
Advances, net 56,226 64,748
Property and equipment, net 14,495 13,913
Right-of-use assets 75,979 65,273
Goodwill and intangible assets, net 232,881 211,306
Other assets 129,973 115,981
Total assets 3,956,052 3,676,720
Liabilities and stockholders’ equity    
Warehouse lines of credit, net 1,057,957 833,781
Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related borrowings 326,804 302,183
Ginnie Mae loans subject to repurchase right 658,018 700,120
Notes payable 185,000 148,766
Accounts payable and accrued expenses 74,817 63,432
Operating lease liabilities 86,311 75,832
Deferred tax liabilities 234,146 225,021
Other liabilities 118,849 144,092
Total liabilities 2,741,902 2,493,227
Commitments and contingencies (Note 15)
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 49,024 47,158
Retained earnings 1,163,905 1,135,387
Non-controlling interests 610 337
Total stockholders’ equity 1,214,150 1,183,493
Total liabilities and stockholders’ equity 3,956,052 3,676,720
Class A Common Stock    
Stockholders’ equity    
Common stock 208 208
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403