Other Assets

9 Months Ended

Sep. 30, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets Disclosure

Other Assets

The following table provides additional details of the Company's assets included in Other assets on the Condensed Consolidated Balance Sheet at September 30, 2025 and December 31, 2024.

Other Assets	September 30, 2025		December 31, 2024
	(In thousands)
Prepaid expenses, advances, and deferred offering costs	$	12,360	$	12,396
Leases—right of use assets(1)	4,118		5,161
Prepaid scheduled draws on reverse mortgage loans and amounts due from sub-servicer	3,807		3,375
Accounts receivable	3,151		4,985
Intangible assets	1,795		2,171
Certificates of deposit, security deposits, and escrow cash	1,215		1,604
Property and equipment(2)	960		1,360
Receivables and claims related to reverse mortgage loans repurchased from HMBS(3)	701		1,239
Other	169		513
	$	28,276	$	32,804

(1)See Note 24 for additional details on the Company's leases and ROU assets.

(2)Net of accumulated depreciation.

(3)Represents receivables from third-parties and claims to HUD related to loans repurchased from HMBS. See Note 13, Issuance of HMBS for discussion on the maximum claim amount related to reverse mortgage loans in HMBS.

The Company has identified and recognized various intangible assets. The following table details the Company's intangible assets as of September 30, 2025 and December 31, 2024.

	September 30, 2025							December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Life	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Life
	(In thousands)						(In months)	(In thousands)						(In months)
Intangible Asset:
Internally developed software	$	1,400	$	(1,400)	$	—	36	$	1,400	$	(1,050)	$	350	36
Trademarks/trade names	1,200		—		1,200		Indefinite	1,200		—		1,200		Indefinite
Customer relationships	700		(105)		595		240	700		(79)		621		240
Total identified intangible assets	$	3,300	$	(1,505)	$	1,795		$	3,300	$	(1,129)	$	2,171

The following table summarizes changes in the net carrying value of the Company's intangible assets for the three- and nine-month periods ended September 30, 2025 and 2024.

	Three-Month Period Ended September 30, 2025								Three-Month Period Ended September 30, 2024
(In thousands)	Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total		Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total
Net carrying value of intangible assets—Beginning Balance	$	116	$	1,200	$	604	$	1,920	$	583	$	1,200	$	639	$	2,422
Accumulated Amortization	(116)		—		(9)		(125)		(116)		—		(9)		(125)
Net carrying value of intangible assets—Ending Balance	$	—	$	1,200	$	595	$	1,795	$	467	$	1,200	$	630	$	2,297

	Nine-Month Period Ended September 30, 2025								Nine-Month Period Ended September 30, 2024
(In thousands)	Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total		Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total
Net carrying value of intangible assets—Beginning Balance	$	350	$	1,200	$	621	$	2,171	$	817	$	1,200	$	656	$	2,673
Accumulated Amortization	(350)		—		(26)		(376)		(350)		—		(26)		(376)
Net carrying value of intangible assets—Ending Balance	$	—	$	1,200	$	595	$	1,795	$	467	$	1,200	$	630	$	2,297

The following table summarizes the Company's estimated future amortization expense on its intangible assets.

(In thousands)	September 30, 2025
2025	$	9
2026	35
2027	35
2028	35
2029	35
Thereafter	446
Total	$	595