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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
[2]
Assets    
Cash and cash equivalents (includes pledged assets of $1,235,942 and $1,136,298, respectively) [1] $ 1,560,159 $ 1,412,148
Securities (includes pledged assets of $65,983,918 and $65,400,248, respectively) [3] 71,700,177 69,613,565
Loans, net (includes pledged assets of $1,957,860 and $2,082,419, respectively) [4] 2,305,613 2,353,084
Mortgage servicing rights (includes pledged assets of $1,842,510 and $1,781,279, respectively) 2,693,057 2,122,196
Assets transferred or pledged to securitization vehicles 21,044,007 13,307,622
Derivative assets 59,071 162,557
Receivable for unsettled trades 766,341 2,710,224
Principal and interest receivable 1,060,991 1,222,705
Intangible assets, net 10,088 12,106
Other assets 316,491 311,029
Total assets 101,515,995 93,227,236
Liabilities    
Repurchase agreements 64,310,276 62,201,543
Other secured financing 600,000 500,000
Debt issued by securitization vehicles 18,709,118 11,600,338
Participations issued 467,006 1,103,835
U.S. Treasury securities sold, not yet purchased 2,043,519 2,132,751
Derivative liabilities 102,628 302,295
Payable for unsettled trades 1,885,286 3,249,389
Interest payable 276,397 287,937
Dividends payable 362,731 325,052
Other liabilities 219,085 179,005
Total liabilities 88,976,046 81,882,145
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 63,500,000 authorized, issued and outstanding 1,536,569 1,536,569
Common stock, par value $0.01 per share, 1,468,250,000 authorized, 558,047,743 and 500,080,287 issued and outstanding, respectively 5,580 5,001
Additional paid-in capital 24,851,604 23,672,391
Accumulated other comprehensive income (loss) (712,203) (1,335,400)
Accumulated deficit (13,238,288) (12,622,768)
Total stockholders’ equity 12,443,262 11,255,793
Noncontrolling interests 96,687 89,298
Total equity 12,539,949 11,345,091
Total liabilities and equity $ 101,515,995 $ 93,227,236
[1]
(2)Includes cash of consolidated Variable Interest Entities (“VIEs”) of $2.4 million and $2.0 million at September 30, 2024 and December 31, 2023, respectively.
[2]
(1)Derived from the audited consolidated financial statements at December 31, 2023.
[3]
(3)Excludes $2.0 billion and $1.5 billion at September 30, 2024 and December 31, 2023, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition. 
[4]
(4)Includes $0.8 million and $1.2 million of residential mortgage loans held for sale at September 30, 2024 and December 31, 2023, respectively.