CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 46,250	$ 35,965
Restricted cash	9,217	11,639
Loans held for sale, net	0	87,908
Loans held for investment, net	3,118,799	2,527,564
Loans held for investment, at fair value	1,351	1,359
Total loans, net	3,120,150	2,616,831
Accrued interest receivables	15,820	13,159
Receivables due from servicers	75,688	74,330
Other receivables	1,320	1,812
Real estate owned, net	19,218	17,557
Property and equipment, net	3,632	3,830
Deferred tax asset	15,195	16,604
Mortgage servicing rights, at fair value	8,438	7,152
Goodwill	6,775	6,775
Other assets	11,036	6,824
Total assets	3,332,739	2,812,478
LIABILITIES
Accounts payable and accrued expenses	78,384	92,195
Secured financing, net	209,227	162,845
Securitizations, net	2,477,226	1,911,879
Warehouse and repurchase facilities, net	208,390	301,069
Total liabilities	2,973,227	2,467,988
Commitments and contingencies
EQUITY
Common stock ($0.01 par value, 100,000,000 shares authorized at June 30, 2022 and December 31, 2021; 32,415,860 and 32,293,042 shares issued and outstanding, respectively)	325	323
Treasury stock, at cost (33,647 common shares at June 30, 2022 and none at December 31, 2021)	(458)
Additional paid-in capital	297,840	296,364
Retained earnings	58,188	44,422
Total Velocity Financial Inc. stockholders' equity	355,895	341,109
Noncontrolling interest in subsidiary	3,617	3,381
Total equity	359,512	344,490
Total liabilities and equity	$ 3,332,739	$ 2,812,478