SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Components of Provision (Benefit) for Credit Losses

	For the three months ended				For the nine months ended
	September 30,				September 30,
Components of Provision (Benefit) for Credit Losses (in thousands)	2022		2021		2022		2021
Provision (benefit) for loan losses	$	35	$	(12)	$	(142)	$	(674)
Provision (benefit) for risk-sharing obligations		1,183		1,278		(12,978)		(13,706)
Provision (benefit) for credit losses	$	1,218	$	1,266	$	(13,120)	$	(14,380)

Schedule of Net Warehouse Interest Income

	For the three months ended				For the nine months ended
	September 30,				September 30,
Components of Net Warehouse Interest Income (in thousands)	2022		2021		2022		2021
Warehouse interest income - loans held for sale	$	14,517	$	11,334	$	35,555	$	28,315
Warehouse interest expense - loans held for sale		(12,339)		(7,611)		(26,140)		(19,249)
Net warehouse interest income - loans held for sale	$	2,178	$	3,723	$	9,415	$	9,066
Warehouse interest income - loans held for investment	$	3,896	$	3,108	$	9,261	$	9,298
Warehouse interest expense - loans held for investment		(2,094)		(1,248)		(4,655)		(3,596)
Net warehouse interest income - loans held for investment	$	1,802	$	1,860	$	4,606	$	5,702
Total net warehouse interest income	$	3,980	$	5,583	$	14,021	$	14,768

Schedule of Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents

	September 30,				December 31,
(in thousands)	2022		2021		2021		2020
Cash and cash equivalents	$	152,188	$	318,188	$	305,635	$	321,097
Restricted cash		40,246		34,875		42,812		19,432
Pledged cash and cash equivalents (NOTE 9)		12,624		51,550		44,733		17,473
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	205,058	$	404,613	$	393,180	$	358,002

Schedule of Contracts with Customers

	For the three months ended				For the nine months ended
	September 30,				September 30,
Description (in thousands)	2022		2021		2022		2021		Statement of income line item
Certain loan origination fees	$	40,076	$	46,527	$	130,722	$	113,650	Loan origination and debt brokerage fees, net
Property sales broker fees		30,308		33,677		100,092		65,173	Property sales broker fees
Investment management fees		16,301		2,564		47,345		9,115	Investment management fees
Application fees, subscription revenues, other revenues from LIHTC operations, and other revenues		12,643		8,372		55,384		15,999	Other revenues
Total revenues derived from contracts with customers	$	99,328	$	91,140	$	333,543	$	203,937