March 2024 Investor Day Recap
v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jun. 30, 2024 |
Dec. 31, 2023 |
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| ASSETS | ||||
| Real estate securities, at fair value | [1] | $ 264,401 | $ 127,797 | |
| Home equity investments, at fair value | [1] | 574,119 | 550,436 | |
| Other investments | [1] | 349,906 | 343,930 | |
| Cash and cash equivalents | [1] | 275,581 | 293,104 | |
| Restricted cash | [1] | 63,799 | 75,684 | |
| Derivative assets | [1] | 48,517 | 14,212 | |
| Other assets | [1] | 403,181 | 402,944 | |
| Total Assets | [1] | 16,491,104 | 14,504,327 | |
| Liabilities | ||||
| Asset-backed securities issued (includes $10,975,688 and $9,151,263 at fair value), net | [1] | 11,555,550 | 9,811,880 | |
| Debt obligations, net | [1] | 3,414,626 | 3,239,123 | |
| Derivative liabilities | [1] | 5,954 | 33,828 | |
| Accrued expenses and other liabilities | [1] | 294,236 | 216,803 | |
| Total liabilities | [1] | 15,270,366 | 13,301,634 | |
| Commitments and Contingencies (see Note 18) | [1] | |||
| Equity | ||||
| Preferred stock, par value $0.01 per share, 2,990,000 shares authorized; 2,800,000 issued and outstanding | [1] | 66,948 | 66,948 | |
| Common stock, par value $0.01 per share, 392,010,000 shares authorized; 132,215,757 and 131,485,661 issued and outstanding | [1] | 1,322 | 1,315 | |
| Additional paid-in capital | [1] | 2,497,218 | 2,487,848 | |
| Accumulated other comprehensive loss | [1] | (47,332) | (57,957) | |
| Cumulative earnings | [1] | 1,186,701 | 1,144,412 | |
| Cumulative distributions to stockholders | [1] | (2,484,119) | (2,439,873) | |
| Total equity | [1] | 1,220,738 | 1,202,693 | |
| Total Liabilities and Equity | [1] | 16,491,104 | 14,504,327 | |
| Residential consumer loans, held-for-sale, at fair value | ||||
| ASSETS | ||||
| Fair value of loans | [1] | 962,548 | 911,192 | |
| Residential consumer loans, held-for-investment, at fair value | ||||
| ASSETS | ||||
| Fair value of loans | [1] | 8,247,608 | 6,139,445 | |
| Residential investor loans, held-for-sale, at fair value | ||||
| ASSETS | ||||
| Fair value of loans | [1] | 259,483 | 180,250 | |
| Residential investor loans, held-for-investment, at fair value | ||||
| ASSETS | ||||
| Fair value of loans | [1] | 4,620,167 | 5,040,048 | |
| Consolidated Agency multifamily loans, at fair value | ||||
| ASSETS | ||||
| Fair value of loans | [1] | $ 421,794 | $ 425,285 | |
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- Definition Home Equity Investments No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cumulative cash dividends distributed to shareholders. No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of investment in marketable security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amortized cost, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of investments classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of long-term debt classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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