Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 147,783 $ 137,891
Restricted cash 6,237 8,863
Mortgage loans held for sale 858,314 845,775
Ginnie Mae loans subject to repurchase right 591,993 650,179
Accounts, notes and interest receivable 62,166 58,304
Derivative assets 12,206 3,120
Mortgage servicing rights, net 1,112,161 1,139,539
Intangible assets, net 31,088 33,075
Goodwill 182,150 176,769
Other assets 177,422 186,076
Total assets 3,181,520 3,239,591
Liabilities and stockholders’ equity    
Warehouse lines of credit 762,062 713,151
Ginnie Mae loans subject to repurchase right 592,234 650,179
Accounts payable and accrued expenses 36,579 34,095
Accrued compensation and benefits 25,913 29,597
Investor reserves 16,671 16,094
Contingent liabilities due to acquisitions 2,218 526
Derivative liabilities 8,206 5,173
Operating lease liabilities 81,897 85,977
Deferred compensation plan 92,697 95,769
Deferred tax liabilities 219,764 232,963
Total liabilities 1,968,241 1,990,304
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 43,915 42,727
Retained earnings 1,168,695 1,205,885
Non-controlling interest 61 66
Total stockholders’ equity 1,213,279 1,249,287
Total liabilities and stockholders’ equity 3,181,520 3,239,591
Nonrelated Party    
Liabilities and stockholders’ equity    
Notes payable 130,000 126,250
Related Party    
Liabilities and stockholders’ equity    
Notes payable 0 530
Class A Common Stock    
Stockholders’ equity    
Common stock 205 206
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403