Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Mar. 31, 2021 |
Sep. 30, 2021 |
Sep. 30, 2022 |
|
| REVENUES | |||||
| Gain on sale and other income from loans held for sale, net | $ 36,179 | $ 210,095 | $ 291,334 | $ 397,672 | $ 226,336 |
| Net fair value gains (losses) on loans and related obligations | (6,376) | 122,509 | 76,663 | 253,660 | 5,672 |
| Fee income | 70,512 | 145,725 | 161,371 | 236,589 | 316,798 |
| Net interest expense: | |||||
| Interest income | 12,022 | 15,862 | 12,661 | 29,013 | 41,748 |
| Interest expense | (41,236) | (37,691) | (34,366) | (71,317) | (110,900) |
| Net interest expense | (29,214) | (21,829) | (21,705) | (42,304) | (69,152) |
| TOTAL REVENUES | 71,101 | 456,500 | 507,663 | 845,617 | 479,654 |
| EXPENSES | |||||
| Salaries, benefits, and related expenses | 146,385 | 262,000 | 238,530 | 536,731 | 549,755 |
| Occupancy, equipment rentals, and other office related expenses | 7,003 | 8,283 | 7,597 | 15,003 | 22,103 |
| General and administrative expenses | 105,533 | 141,595 | 127,187 | 260,896 | 361,613 |
| TOTAL EXPENSES | 258,921 | 411,878 | 373,314 | 812,630 | 933,471 |
| IMPAIRMENT OF INTANGIBLES AND OTHER ASSETS | (138,184) | 0 | 0 | 0 | (138,184) |
| OTHER, NET | 21,330 | 9,928 | (8,892) | 7,825 | 41,234 |
| NET INCOME (LOSS) BEFORE INCOME TAXES | (304,674) | 54,550 | 125,457 | 40,812 | (550,767) |
| Provision (benefit) for income taxes | (2,974) | 4,440 | 1,137 | 5,526 | (17,249) |
| NET INCOME (LOSS) | (301,700) | 50,110 | 124,320 | 35,286 | (533,518) |
| Contingently Redeemable Noncontrolling Interest ("CRNCI") | 0 | 0 | 4,260 | 0 | 0 |
| Noncontrolling interest | (217,214) | 28,726 | 201 | 11,637 | (399,859) |
| NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST | $ (84,486) | $ 21,384 | $ 119,859 | $ 23,649 | $ (133,659) |
| EARNINGS PER SHARE (Note 25) | |||||
| Basic weighted average shares outstanding (in shares) | 62,804,809 | 59,861,171 | 59,871,386 | 61,993,353 | |
| Basic net earnings (loss) per share (in USD per share) | $ (1.35) | $ 0.36 | $ 0.39 | $ (2.16) | |
| Diluted weighted average shares outstanding (in shares) | 62,804,809 | 191,161,431 | 191,180,610 | 188,375,945 | |
| Diluted net earnings (loss) per share (in USD per share) | $ (1.35) | $ 0.22 | $ 0.17 | $ (2.34) | |
| X | ||||||||||
- Definition Fee income. No definition available.
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- Definition Impairment Of Intangible Assets And Other Assets No definition available.
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- Definition Net fair value gains on mortgage loans and related obligations. No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest and fee income from mortgage loans considered to be held-for-sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Portion of net income (loss) attributable to nonredeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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