Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 243,999 $ 243,108
Restricted cash 6,312 5,012
Mortgage loans held for sale 1,281,799 2,204,216
Ginnie Mae loans subject to repurchase right 628,157 728,978
Accounts and interest receivable 34,513 68,359
Derivative assets 78,002 27,961
Mortgage servicing rights, net 937,556 675,340
Net Intangibles 39,038 41,025
Goodwill 173,434 175,144
Other assets 210,708 214,061
Total assets 3,633,518 4,383,204
Liabilities and stockholders’ equity    
Warehouse lines of credit 1,156,829 1,927,478
Notes payable 160,167 250,227
Ginnie Mae loans subject to repurchase right 628,815 729,260
Accounts payable and accrued expenses 51,294 56,836
Accrued compensation and benefits 49,788 75,079
Investor reserves 17,380 18,437
Contingent liabilities due to acquisitions 20,438 59,500
Derivative liabilities 12,087 2,079
Operating lease liabilities 93,949 97,836
Note due to related party 2,099 2,614
Deferred compensation plan 100,493 101,600
Deferred tax liabilities 210,921 142,245
Total liabilities 2,504,260 3,463,191
Commitments and contingencies (Note 14)
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 43,407 42,175
Retained earnings 1,085,192 877,194
Non-controlling interest 49 34
Total stockholders’ equity 1,129,258 920,013
Total liabilities and stockholders’ equity 3,633,518 4,383,204
Class A Common Stock    
Stockholders’ equity    
Common stock 207 207
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403