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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 605,639 $ 497,468
Mortgage loans at fair value 7,338,135 5,449,884
Derivative assets 34,050 33,019
Investment securities at fair value, pledged 108,323 110,352
Accounts receivable, net 554,443 512,070
Mortgage servicing rights 3,191,803 4,026,136
Premises and equipment, net 145,265 146,417
Operating lease right-of-use asset, net (includes $96,358 and $97,596 with related parties) 97,801 99,125
Finance lease right-of-use asset (includes $24,286 and $24,802 with related parties) 26,890 29,111
Loans eligible for repurchase from Ginnie Mae 577,487 856,856
Other assets 117,498 111,416
Total assets 12,797,334 11,871,854
Liabilities and equity    
Warehouse lines of credit 6,681,917 4,902,090
Derivative liabilities 26,918 40,781
Secured lines of credit 200,000 750,000
Borrowings against investment securities 94,064 93,814
Accounts payable, accrued expenses and other 477,765 469,101
Accrued distributions and dividends payable 159,702 159,572
Senior notes 1,989,250 1,988,267
Operating lease liability (includes $103,194 and $104,495 with related parties) 104,637 106,024
Finance lease liability (includes $25,851 and $26,260 with related parties) 28,536 30,678
Loans eligible for repurchase from Ginnie Mae 577,487 856,856
Total liabilities 10,340,276 9,397,183
Equity    
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of March 31, 2024 or December 31, 2023 0 0
Additional paid-in capital 2,085 1,702
Retained earnings 111,980 110,690
Non-controlling interest 2,342,834 2,362,119
Total equity 2,457,058 2,474,671
Total liabilities and equity 12,797,334 11,871,854
Common Class A    
Equity    
Common stock, $0.0001 par value 9 10
Common Class B    
Equity    
Common stock, $0.0001 par value 0 0
Common Class C    
Equity    
Common stock, $0.0001 par value 0 0
Common Class D    
Equity    
Common stock, $0.0001 par value $ 150 $ 150