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
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 102,185 $ 120,260
Restricted cash 5,620 7,121
Mortgage loans held for sale, at fair value 1,729,007 901,227
Reverse mortgage loans held for investment, at fair value 376,182 315,912
Ginnie Mae loans subject to repurchase right 568,176 699,622
Mortgage servicing rights, at fair value 1,292,662 1,161,357
Advances, net 53,640 64,748
Property and equipment, net 16,262 13,913
Right-of-use assets 72,562 65,273
Goodwill and intangible assets, net 230,452 211,306
Other assets 133,096 115,981
Total assets 4,579,844 3,676,720
Liabilities and stockholders’ equity    
Warehouse lines of credit, net 1,616,569 833,781
Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related borrowings 358,101 302,183
Ginnie Mae loans subject to repurchase right 574,707 700,120
Notes payable 271,000 148,766
Accounts payable and accrued expenses 80,253 63,432
Operating lease liabilities 82,780 75,832
Deferred tax liabilities 244,722 225,021
Other liabilities 129,276 144,092
Total liabilities 3,357,408 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 51,352 47,158
Retained earnings 1,169,852 1,135,387
Non-controlling interests 618 337
Total stockholders’ equity 1,222,436 1,183,493
Total liabilities and stockholders’ equity 4,579,844 3,676,720
Class A Common Stock    
Stockholders’ equity    
Common stock 211 208
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403