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
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 105,963 $ 137,891
Restricted cash 5,868 8,863
Mortgage loans held for sale 1,125,992 845,775
Reverse mortgage loans held for investment 36,709 0
Ginnie Mae loans subject to repurchase right 598,634 650,179
Accounts, notes and interest receivable 65,035 58,304
Derivative assets 13,702 3,120
Mortgage servicing rights, net 1,184,503 1,139,539
Intangible assets, net 29,100 33,075
Goodwill 184,894 176,769
Other assets 182,239 186,076
Total assets 3,532,639 3,239,591
Liabilities and stockholders’ equity    
Warehouse lines of credit 1,053,060 713,151
Ginnie Mae loans subject to repurchase right 598,879 650,179
Accounts payable and accrued expenses 33,629 34,095
Accrued compensation and benefits 34,251 29,597
Investor reserves 18,364 16,094
Contingent liabilities due to acquisitions 7,793 526
Derivative liabilities 0 5,173
Operating lease liabilities 83,759 85,977
Deferred compensation plan 94,873 95,769
Deferred tax liabilities 232,816 232,963
Total liabilities 2,281,174 1,990,304
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 45,141 42,727
Retained earnings 1,205,654 1,205,885
Non-controlling interest 61 66
Total stockholders’ equity 1,251,465 1,249,287
Total liabilities and stockholders’ equity 3,532,639 3,239,591
Nonrelated Party    
Liabilities and stockholders’ equity    
Notes payable 123,750 126,250
Related Party    
Liabilities and stockholders’ equity    
Notes payable 0 530
Class A Common Stock    
Stockholders’ equity    
Common stock 206 206
Class B Common Stock    
Stockholders’ equity    
Common stock $ 403 $ 403