Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.21.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 322,005 $ 334,623
Restricted cash 4,511 5,010
Mortgage loans held for sale 2,153,990 2,368,777
Ginnie Mae loans subject to repurchase right 1,037,266 1,275,842
Accounts and interest receivable 41,256 43,390
Derivative asset 47,893 130,338
Mortgage servicing rights, net 578,690 446,998
Goodwill 62,834 62,834
Other assets 144,931 150,275
Total assets 4,393,376 4,818,087
Liabilities and stockholders’ equity    
Warehouse lines of credit 1,883,665 2,143,443
Notes payable 165,000 145,750
Ginnie Mae loans subject to repurchase right 1,037,640 1,277,026
Accounts payable and accrued expenses 45,329 41,074
Accrued compensation and benefits 68,691 106,313
Investor reserves 16,827 14,535
Income taxes payable 8,717 19,454
Contingent liabilities due to acquisitions 20,416 18,094
Derivative liability 4,430 38,270
Operating lease liabilities 88,816 94,891
Note due to related party 3,634 4,639
Deferred compensation plan 98,528 89,236
Deferred tax liability 103,060 89,370
Total liabilities 3,544,753 4,082,095
Commitments and contingencies (Note 13)
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 22,571 18,035
Retained earnings 825,452 717,357
Total stockholders’ equity 848,623 735,992
Total liabilities and stockholders’ equity 4,393,376 4,818,087
Class A Common Stock    
Stockholders’ equity    
Common stock 197 197
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403