Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 162,198 $ 243,108
Restricted cash 7,752 5,012
Mortgage loans held for sale 929,561 2,204,216
Ginnie Mae loans subject to repurchase right 607,614 728,978
Accounts and interest receivable 32,095 68,359
Derivative assets 71,826 27,961
Mortgage servicing rights, net 1,129,551 675,340
Intangible assets, net 35,063 41,025
Goodwill 173,434 175,144
Other assets 194,997 214,061
Total assets 3,344,091 4,383,204
Liabilities and stockholders’ equity    
Warehouse lines of credit 819,892 1,927,478
Notes payable 112,500 250,227
Ginnie Mae loans subject to repurchase right 608,046 729,260
Accounts payable and accrued expenses 40,902 56,836
Accrued compensation and benefits 35,457 75,079
Investor reserves 16,015 18,437
Contingent liabilities due to acquisitions 0 59,500
Derivative liabilities 23,577 2,079
Operating lease liabilities 87,363 97,836
Note due to related party 1,057 2,614
Deferred compensation plan 93,073 101,600
Deferred tax liabilities 240,618 142,245
Total liabilities 2,078,500 3,463,191
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 44,061 42,175
Retained earnings 1,220,863 877,194
Non-controlling interest 59 34
Total stockholders’ equity 1,265,591 920,013
Total liabilities and stockholders’ equity 3,344,091 4,383,204
Class A Common Stock    
Stockholders’ equity    
Common stock 205 207
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403