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
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 302,931 $ 334,623
Restricted cash 6,022 5,010
Mortgage loans held for sale 2,139,346 2,368,777
Ginnie Mae loans subject to repurchase right 913,438 1,275,842
Accounts and interest receivable 52,180 43,390
Derivative asset 55,792 130,338
Mortgage servicing rights, net 625,149 446,998
Intangible assets, net 43,013 0
Goodwill 175,144 62,834
Other assets 171,317 150,275
Total assets 4,484,332 4,818,087
Liabilities and stockholders’ equity    
Warehouse lines of credit 1,907,995 2,143,443
Notes payable 165,259 145,750
Ginnie Mae loans subject to repurchase right 913,438 1,277,026
Accounts payable and accrued expenses 66,047 41,074
Accrued compensation and benefits 81,003 106,313
Investor reserves 18,665 14,535
Income taxes payable 0 19,454
Contingent liabilities due to acquisitions 77,189 18,094
Derivative liability 0 38,270
Operating lease liabilities 98,485 94,891
Note due to related party 3,126 4,639
Deferred compensation plan 98,787 89,236
Deferred tax liability 116,823 89,370
Total liabilities 3,546,817 4,082,095
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 39,321 18,035
Retained earnings 897,584 717,357
Total stockholders’ equity 937,515 735,992
Total liabilities and stockholders’ equity 4,484,332 4,818,087
Class A Common Stock    
Stockholders’ equity    
Common stock 207 197
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403