Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.22.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 248,987 $ 243,108
Restricted cash 5,592 5,012
Mortgage loans held for sale 1,249,809 2,204,216
Ginnie Mae loans subject to repurchase right 616,335 728,978
Accounts and interest receivable 23,517 68,359
Derivative assets 23,080 27,961
Mortgage servicing rights, net 1,030,310 675,340
Intangible assets, net 37,050 41,025
Goodwill 173,434 175,144
Other assets 192,845 214,061
Total assets 3,600,959 4,383,204
Liabilities and stockholders’ equity    
Warehouse lines of credit 1,148,551 1,927,478
Notes payable 118,750 250,227
Ginnie Mae loans subject to repurchase right 616,638 729,260
Accounts payable and accrued expenses 44,488 56,836
Accrued compensation and benefits 46,711 75,079
Investor reserves 16,919 18,437
Contingent liabilities due to acquisitions 1,557 59,500
Derivative liabilities 4,121 2,079
Operating lease liabilities 91,272 97,836
Note due to related party 1,580 2,614
Deferred compensation plan 95,040 101,600
Deferred tax liabilities 227,502 142,245
Total liabilities 2,413,129 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 43,666 42,175
Retained earnings 1,143,489 877,194
Non-controlling interest 66 34
Total stockholders’ equity 1,187,830 920,013
Total liabilities and stockholders’ equity 3,600,959 4,383,204
Class A Common Stock    
Stockholders’ equity    
Common stock 206 207
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403