Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 243,108 $ 334,623
Restricted cash 5,012 5,010
Mortgage loans held for sale 2,204,216 2,368,777
Ginnie Mae loans subject to repurchase right 728,978 1,275,842
Accounts and interest receivable 68,359 43,390
Derivative assets 27,961 130,338
Mortgage servicing rights, net 675,340 446,998
Intangible assets, net 41,025 0
Goodwill 175,144 62,834
Other assets 214,061 150,275
Total assets 4,383,204 4,818,087
Liabilities and stockholders’ equity    
Warehouse lines of credit 1,927,478 2,143,443
Notes payable 250,227 145,750
Ginnie Mae loans subject to repurchase right 729,260 1,277,026
Accounts payable and accrued expenses 56,836 41,074
Accrued compensation and benefits 75,079 106,313
Investor reserves 18,437 14,535
Income taxes payable 0 19,454
Contingent liabilities due to acquisitions 59,500 18,094
Derivative liabilities 2,079 38,270
Operating lease liabilities 97,836 94,891
Note due to related party 2,614 4,639
Deferred compensation plan 101,600 89,236
Deferred tax liabilities 142,245 89,370
Total liabilities 3,463,191 4,082,095
Commitments and contingencies (Note 17) 0 0
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 42,175 18,035
Retained earnings 877,194 717,357
Non-controlling interest 34 0
Total stockholders’ equity 920,013 735,992
Total liabilities and stockholders’ equity 4,383,204 4,818,087
Class A Common Stock    
Stockholders’ equity    
Common stock 207 197
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403