Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Financial Condition

v3.25.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 47,383 $ 46,482
Restricted cash 254,585 178,319
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value 18,669,962 17,548,763
Loans held for investment, subject to nonrecourse debt, at fair value 9,288,403 8,272,393
Loans held for investment, at fair value 520,103 575,228
Intangible assets, net 216,342 253,531
Other assets, net 157,261 226,153
Assets of discontinued operations 2,451 6,721
TOTAL ASSETS 29,156,490 27,107,590
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 18,444,370 17,353,720
Nonrecourse debt, at fair value 8,954,068 7,904,200
Other financing lines of credit 918,247 928,479
Notes payable 374,511 410,911
Payables and other liabilities 137,953 219,569
Liabilities of discontinued operations 11,677 18,304
TOTAL LIABILITIES 28,840,826 26,835,183
Commitments and Contingencies (Note 19)
EQUITY (Note 30)    
Additional paid-in capital 954,469 946,938
Accumulated deficit (698,895) (714,383)
Accumulated other comprehensive loss (276) (249)
Noncontrolling interest 60,365 40,100
TOTAL EQUITY 315,664 272,407
TOTAL LIABILITIES AND EQUITY 29,156,490 27,107,590
Class A Common Stock    
EQUITY (Note 30)    
Common stock, value 1 1
Class B Common Stock    
EQUITY (Note 30)    
Common stock, value $ 0 $ 0