Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 137,891 $ 243,108
Restricted cash 8,863 5,012
Mortgage loans held for sale 845,775 2,204,216
Ginnie Mae loans subject to repurchase right 650,179 728,978
Accounts and interest receivable 58,304 68,359
Derivative assets 3,120 27,961
Mortgage servicing rights, net 1,139,539 675,340
Intangible assets, net 33,075 41,025
Goodwill 176,769 175,144
Other assets 186,076 214,061
Total assets 3,239,591 4,383,204
Liabilities and stockholders’ equity    
Warehouse lines of credit 713,151 1,927,478
Notes payable 126,250 250,227
Ginnie Mae loans subject to repurchase right 650,179 729,260
Accounts payable and accrued expenses 34,095 56,836
Accrued compensation and benefits 29,597 75,079
Investor reserves 16,094 18,437
Contingent liabilities due to acquisitions 526 59,500
Derivative liabilities 5,173 2,079
Operating lease liabilities 85,977 97,836
Note due to related party 530 2,614
Deferred compensation plan 95,769 101,600
Deferred tax liabilities 232,963 142,245
Total liabilities 1,990,304 3,463,191
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 42,727 42,175
Retained earnings 1,205,885 877,194
Non-controlling interest 66 34
Total stockholders’ equity 1,249,287 920,013
Total liabilities and stockholders’ equity 3,239,591 4,383,204
Class A Common Stock    
Stockholders’ equity    
Common stock 206 207
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403