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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 61,173 $ 29,555
Restricted cash 5,196 5,657
Mortgage loans held-for-sale 37,035 308,477
Mortgage servicing rights 850 749
Securitized mortgage trust assets   1,642,730
Other assets 29,404 35,603
Total assets 133,658 2,022,771
LIABILITIES    
Warehouse borrowings 37,795 285,539
Convertible notes 15,000 20,000
Long-term debt 35,889 46,536
Securitized mortgage trust liabilities   1,614,862
Other liabilities 41,522 45,898
Total liabilities 130,206 2,012,835
Commitments and contingencies (See Note 11)
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; 200,000,000 shares authorized; 21,500,935 and 21,332,684 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 215 213
Additional paid-in capital 1,238,383 1,237,986
Accumulated other comprehensive earnings, net of tax 29,812 22,044
Total accumulated deficit:    
Cumulative dividends declared (822,520) (822,520)
Accumulated deficit (442,459) (427,808)
Total accumulated deficit (1,264,979) (1,250,328)
Total stockholders' equity 3,452 9,936
Total liabilities and stockholders' equity 133,658 2,022,771
Series A-1 junior participating preferred stock    
STOCKHOLDERS' EQUITY    
Preferred stock
Series B 9.375% redeemable preferred stock    
STOCKHOLDERS' EQUITY    
Preferred stock 7 7
Series C 9.125% redeemable preferred stock    
STOCKHOLDERS' EQUITY    
Preferred stock $ 14 $ 14