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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 1,108,466 $ 722,293
Restricted cash 28,366 66,806
Mortgage loans held for sale, at fair value 6,542,232 7,343,475
Mortgage servicing rights (“MSRs”), at fair value 6,439,787 6,946,940
Notes receivable and due from affiliates 19,530 10,796
Property and equipment, net 250,856 274,192
Deferred tax asset, net 550,149 537,963
Lease right of use assets 347,696 366,189
Loans subject to repurchase right from Ginnie Mae 1,533,387 1,642,392
Goodwill and intangible assets, net 1,236,765 1,258,928
Other assets 1,015,022 799,159
Total assets 19,231,740 20,082,212 Close
Liabilities:    
Funding facilities 3,367,383 3,548,699
Other financing facilities and debt:    
Senior Notes, net 4,033,448 4,027,970
Early buy out facility 203,208 672,882
Accounts payable 171,350 116,331
Lease liabilities 393,882 422,769
Forward commitments, at fair value 142,988 25,117
Investor reserves 92,389 110,147
Tax receivable agreement liability 584,695 613,693
Loans subject to repurchase right from Ginnie Mae 1,533,387 1,642,392
Total liabilities 10,930,030 11,606,663 Close
Equity:    
Additional paid-in capital 340,532 276,221
Retained earnings 284,296 300,394
Accumulated other comprehensive income 52 69
Non-controlling interest 7,676,810 7,898,845
Total equity 8,301,710 8,475,549 Close
Total liabilities and equity 19,231,740 20,082,212
Related Party    
Other financing facilities and debt:    
Other liabilities 31,006 33,463
Nonrelated Party    
Other financing facilities and debt:    
Other liabilities 376,294 393,200
Class A common stock    
Equity:    
Common stock 1 1
Class B common stock    
Equity:    
Common stock 0 0
Class C common stock    
Equity:    
Common stock 0 0
Class D common stock    
Equity:    
Common stock 19 19
IRLCs    
Assets    
Derivatives, at fair value 132,870 90,635
Forward commitments    
Assets    
Derivatives, at fair value $ 26,614 $ 22,444