Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| REVENUES | ||||||||
| Gain (loss) on sale and other income from loans held for sale, net | $ (4,054) | $ (4,763) | $ (16,480) | $ 5,448 | ||||
| Net fair value gains (losses) on loans and related obligations | (93,133) | 2,165 | 83,261 | 5,135 | ||||
| Fee income | 13,824 | 6,840 | 20,176 | 62,013 | ||||
| Net interest expense: | ||||||||
| Interest income | 3,200 | 1,609 | 5,291 | 2,793 | ||||
| Interest expense | (31,734) | (27,025) | (63,290) | (50,505) | ||||
| Net interest expense | (28,534) | (25,416) | (57,999) | (47,712) | ||||
| TOTAL REVENUES | (111,897) | (21,174) | 28,958 | 24,884 | ||||
| EXPENSES | ||||||||
| Salaries, benefits, and related expenses | 51,098 | 58,804 | 91,912 | 117,903 | ||||
| Occupancy, equipment rentals, and other office related expenses | 2,554 | 1,700 | 4,463 | 3,889 | ||||
| General and administrative expenses | 56,353 | 52,315 | 97,407 | 102,237 | ||||
| TOTAL EXPENSES | 110,005 | 112,819 | 193,782 | 224,029 | ||||
| OTHER, NET | (1,937) | 14,154 | (1,001) | 17,138 | ||||
| NET LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (223,839) | (119,839) | (165,825) | (182,007) | ||||
| Benefit for income taxes from continuing operations | (3,215) | (2,201) | (683) | (9,923) | ||||
| NET LOSS FROM CONTINUING OPERATIONS | (220,624) | (117,638) | (165,142) | (172,084) | ||||
| NET LOSS FROM DISCONTINUED OPERATIONS | (1,857) | (50,185) | (42,747) | (59,734) | ||||
| NET LOSS | (222,481) | (167,823) | (207,889) | [1] | (231,818) | [1] | ||
| Net loss attributable to noncontrolling interest from continuing operations | (141,005) | (96,421) | (104,250) | (137,624) | ||||
| Net loss attributable to noncontrolling interest from discontinued operations | (2,336) | (30,722) | (27,553) | (45,021) | ||||
| NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST | (79,619) | (21,217) | (60,892) | (34,460) | ||||
| NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST | 479 | (19,463) | (15,194) | (14,713) | ||||
| NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST | $ (79,140) | $ (40,680) | $ (76,086) | $ (49,173) | ||||
| EARNINGS PER SHARE (Note 23) | ||||||||
| Basic weighted average shares outstanding (in shares) | 87,409,861 | 62,379,041 | 75,777,975 | 61,580,900 | ||||
| Basic net loss per share from continuing operations (in usd per share) | $ (0.91) | $ (0.34) | $ (0.80) | $ (0.56) | ||||
| Basic net loss per share (in usd per share) | $ (0.91) | $ (0.65) | $ (1.00) | $ (0.80) | ||||
| Diluted weighted average shares outstanding (in shares) | 87,409,861 | 187,818,225 | 75,777,975 | 188,629,076 | ||||
| Diluted net loss per share from continuing operations (in usd per share) | $ (0.91) | $ (0.49) | $ (0.80) | $ (0.73) | ||||
| Diluted net loss per share (in USD per share) | $ (0.91) | $ (0.70) | $ (1.00) | $ (1.00) | ||||
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| X | ||||||||||
- Definition Gain (Loss) on Sales And Other Income From Loans Held-for-sale, Net No definition available.
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| X | ||||||||||
- 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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| X | ||||||||||
- 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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| X | ||||||||||
- 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/disclosureRef
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- Definition Amount of fee income including, but not limited to, managerial assistance, servicing of investment, and origination and commitment fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- 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://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations attributable to the noncontrolling interest. 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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| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations 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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| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during 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/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- 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 Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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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| X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- 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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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- 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/otherTransitionRef
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| X | ||||||||||
- 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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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- 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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| X | ||||||||||
- 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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| X | ||||||||||
- 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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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- 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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| X | ||||||||||
- 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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