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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 954,930 $ 419,571
Restricted cash 194,645 201,025
Accounts receivable, net 91,766 56,183
Loans held for sale, at fair value (includes $1,800,968 and $2,557,490 pledged to creditors in securitization trusts at June 30, 2022 and December 31, 2021, respectively) 4,656,338 8,136,817
Derivative assets, at fair value 153,607 194,665
Servicing rights, at fair value (includes $484,393 and $400,678 pledged to creditors in securitization trusts at June 30, 2022 and December 31, 2021, respectively) 2,213,700 2,006,712
Trading securities, at fair value 105,308 72,874
Property and equipment, net 111,443 104,262
Operating lease right-of-use assets 48,443 55,646
Prepaid expenses and other assets 140,145 140,315
Loans eligible for repurchase 506,454 363,373
Investments in joint ventures 18,408 18,553
Goodwill and intangible assets, net 0 42,317
Total assets 9,195,187 11,812,313
Liabilities:    
Warehouse and other lines of credit 4,265,343 7,457,199
Accounts payable, accrued expenses and other liabilities 643,144 624,444
Derivative liabilities, at fair value 72,758 37,797
Liability for loans eligible for repurchase 506,454 363,373
Operating lease liability 66,485 71,932
Debt obligations, net 2,427,140 1,628,208
Total liabilities 7,981,324 10,182,953
Commitments and contingencies (Note 15)
Equity:    
Preferred stock, $0.001 par value, 50,000,000 authorized, none issued at June 30, 2022 and December 31, 2021, respectively 0 0
Treasury stock at cost, 1,664,301 and 1,593,366 shares at June 30, 2022 and December 31, 2021, respectively (13,087) (12,852)
Additional paid-in capital 762,635 565,073
Retained deficit (205,235) (28,976)
Noncontrolling interest 669,236 1,105,803
Total equity 1,213,863 1,629,360
Total liabilities and equity 9,195,187 11,812,313
Class A    
Equity:    
Common stock, $0.001 par value 65 38
Class B    
Equity:    
Common stock, $0.001 par value 0 0
Class C    
Equity:    
Common stock, $0.001 par value 152 173
Class D    
Equity:    
Common stock, $0.001 par value $ 97 $ 101