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
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 106,151 $ 120,260
Restricted cash 5,620 7,121
Mortgage loans held for sale, at fair value 1,763,121 901,227
Reverse mortgage loans held for investment, at fair value 409,144 315,912
Ginnie Mae loans subject to repurchase right 666,488 699,622
Mortgage servicing rights, at fair value 1,197,432 1,161,357
Advances, net 50,092 64,748
Property and equipment, net 18,072 13,913
Right-of-use assets 68,287 65,273
Goodwill and intangible assets, net 228,223 211,306
Other assets 131,811 115,981
Total assets 4,644,441 3,676,720
Liabilities and stockholders’ equity    
Warehouse lines of credit, net 1,649,010 833,781
Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related borrowings 391,524 302,183
Ginnie Mae loans subject to repurchase right 676,644 700,120
Notes payable 240,000 148,766
Accounts payable and accrued expenses 89,658 63,432
Operating lease liabilities 78,266 75,832
Deferred tax liabilities 221,362 225,021
Other liabilities 140,081 144,092
Total liabilities 3,486,545 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 53,780 47,158
Retained earnings 1,102,962 1,135,387
Non-controlling interests 540 337
Total stockholders’ equity 1,157,896 1,183,493
Total liabilities and stockholders’ equity 4,644,441 3,676,720
Class A Common Stock    
Stockholders’ equity    
Common stock 211 208
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403