Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Details)

v3.24.1.1.u2
Business Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Fee income $ 6,236 $ 6,352  
Interest income 4,266 2,091  
Interest expense (28,541) (31,556)  
Total revenues 74,682 140,855  
Total expenses 91,315 83,777  
Impairment of other assets (600) 0  
Other, net 1,453 936  
Net income (loss) before taxes (15,780) 58,014  
Depreciation and amortization 9,678 10,105  
Total assets 27,683,568   $ 27,107,590
Continuing Operations      
Segment Reporting Information [Line Items]      
Net fair value gains on loans and related obligations 92,635 176,394  
Fee income 6,236 6,352  
Gain (loss) on sale and other income from loans held for sale, net 86 (12,426)  
Interest income 4,266 2,091  
Interest expense (28,541) (31,556)  
Net interest expense (24,275) (29,465)  
Total revenues 74,682 140,855  
Total expenses 91,315 83,777  
Impairment of other assets (600)    
Other, net 1,453 936  
Net income (loss) before taxes (15,780) 58,014  
Depreciation and amortization 9,678 10,105  
Total assets 27,676,278 26,674,539  
Operating segments | Retirement Solutions And Portfolio Management | Continuing Operations      
Segment Reporting Information [Line Items]      
Net fair value gains on loans and related obligations 92,635 176,394  
Fee income 6,359 8,643  
Gain (loss) on sale and other income from loans held for sale, net 86 (12,370)  
Interest income 3,945 1,470  
Interest expense (20,068) (23,996)  
Net interest expense (16,123) (22,526)  
Total revenues 82,957 150,141  
Total expenses 72,163 60,203  
Impairment of other assets 0    
Other, net (174) 31  
Net income (loss) before taxes 10,620 89,969  
Depreciation and amortization 9,496 9,657  
Total assets 27,625,946 26,623,676  
Operating segments | Retirement Solutions | Continuing Operations      
Segment Reporting Information [Line Items]      
Net fair value gains on loans and related obligations 39,657 24,475  
Fee income 6,127 3,180  
Gain (loss) on sale and other income from loans held for sale, net (76) (1,312)  
Interest income 0 0  
Interest expense 0 0  
Net interest expense 0 0  
Total revenues 45,708 26,343  
Total expenses 49,410 35,524  
Impairment of other assets 0    
Other, net (174) 31  
Net income (loss) before taxes (3,876) (9,150)  
Depreciation and amortization 9,488 9,643  
Total assets 268,786 296,417  
Operating segments | Portfolio Management | Continuing Operations      
Segment Reporting Information [Line Items]      
Net fair value gains on loans and related obligations 52,978 151,919  
Fee income 232 5,463  
Gain (loss) on sale and other income from loans held for sale, net 162 (11,058)  
Interest income 3,945 1,470  
Interest expense (20,068) (23,996)  
Net interest expense (16,123) (22,526)  
Total revenues 37,249 123,798  
Total expenses 22,753 24,679  
Impairment of other assets 0    
Other, net 0 0  
Net income (loss) before taxes 14,496 99,119  
Depreciation and amortization 8 14  
Total assets 27,357,160 26,327,259  
Operating segments | Corporate and Other | Continuing Operations      
Segment Reporting Information [Line Items]      
Net fair value gains on loans and related obligations 0 0  
Fee income 0 2,953  
Gain (loss) on sale and other income from loans held for sale, net 0 0  
Interest income 321 621  
Interest expense (8,473) (7,560)  
Net interest expense (8,152) (6,939)  
Total revenues (8,152) (3,986)  
Total expenses 19,275 28,874  
Impairment of other assets (600)    
Other, net 1,627 905  
Net income (loss) before taxes (26,400) (31,955)  
Depreciation and amortization 182 448  
Total assets 1,455,417 1,912,801  
Eliminations | Continuing Operations      
Segment Reporting Information [Line Items]      
Net fair value gains on loans and related obligations 0 0  
Fee income (123) (5,244)  
Gain (loss) on sale and other income from loans held for sale, net 0 (56)  
Interest income 0 0  
Interest expense 0 0  
Net interest expense 0 0  
Total revenues (123) (5,300)  
Total expenses (123) (5,300)  
Impairment of other assets 0    
Other, net 0 0  
Net income (loss) before taxes 0 0  
Depreciation and amortization 0 0  
Total assets $ (1,405,085) $ (1,861,938)