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EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER
Other revenues consists of the following:
Three Months Ended March 31,
20252024
Property and maintenance$25,736 $32,380 
Rental19,402 18,949 
Other5,635 7,019 
Total Other Revenues$50,773 $58,348 

General and Administrative expenses consists of the following:
Three Months Ended March 31,
20252024
Legal and professional$24,638 $21,489 
Loan origination14,677 15,435 
Occupancy14,490 15,946 
Subservicing16,756 19,428 
Loan servicing41,400 5,591 
Property and maintenance27,583 32,264 
Depreciation and amortization24,568 31,952 
Information technology29,691 29,388 
Other
43,743 33,559 
Total General and Administrative Expenses$237,546 $205,052 
Other Income (Loss)

The following table summarizes the components of other income (loss):
Three Months Ended March 31,
20252024
Real estate and other securities
$114,526 $(102,963)
Residential mortgage loans and REO
2,544 3,526 
Derivative and hedging instruments
92,650 41,932 
Notes and bonds payable4,848 226 
Consolidated CFEs(A)
16,442 16,412 
Other(B)
(23,615)(3,979)
Realized and unrealized gains (losses), net207,395 (44,846)
Other income (loss), net9,073 15,784 
Total Other Income (Loss), Net$216,468 $(29,062)
(A)Includes change in the fair value of the consolidated CFEs’ financial assets and liabilities and related interest and other income.
(B)Includes Excess MSRs, servicer advance investments, consumer loans, residential transition loans and other.