Investment securities available for sale, at fair value
6,983,403
6,960,313
6,904,781
6,838,715
Residential loans, at fair value
4,781,435
4,498,027
4,358,175
4,151,647
Residential loans held for sale, at fair value
59,002
121,607
80,707
105,036
Multi-family loans, at fair value
45,079
55,910
55,476
68,647
Equity investments, at fair value
22,767
23,468
24,711
28,825
Cash and cash equivalents
212,307
208,915
210,333
185,285
Real estate, net
451,790
465,846
553,496
601,748
Assets of disposal group held for sale
-
-
1,256
1,383
Goodwill
22,396
22,396
22,396
22,396
Restricted cash
96,908
156,479
132,045
112,430
Accrued interest receivable
81,894
77,235
76,152
72,887
Collections receivable from residential loan servicers
46,022
38,255
44,926
34,082
Real estate owned
30,416
42,766
40,207
42,669
Receivables from derivative counterparties
21,572
9,751
16,203
11,500
Other receivables
21,469
20,909
22,338
30,096
Mortgage servicing rights
19,093
19,965
20,893
21,896
Intangible assets
16,284
16,754
17,318
17,882
Deferred tax assets
13,638
13,138
14,441
9,373
Recoverable advances on residential loans
13,182
13,783
15,404
14,589
Other assets in consolidated multi-family properties
10,817
11,108
14,521
16,101
Operating lease right-of-use assets
4,323
4,753
5,175
4,571
Derivative assets
3,266
1,839
722
2,612
Other
6,835
7,124
7,171
7,492
Other assets
385,719
433,859
427,516
398,180
Total assets
12,963,898
12,790,341
12,638,847
12,401,862
Repurchase agreements and warehouse facilities
7,067,223
7,019,017
6,753,417
6,481,072
Collateralized debt obligations (3,240,220 at fair value and 341,636 at amortized cost, net as of june30, 2026 and 3,148,157 at fair value and 363,645 at amortized cost, net as of december31, 2025)
3,581,856
3,468,944
3,511,802
3,577,459
Senior unsecured notes (347,537 at fair value as of june30, 2026 and 260,852 at fair value and 99,585 at amortized cost, net as of december31, 2025)
347,537
339,648
360,437
356,865
Subordinated debentures
45,000
45,000
45,000
45,000
Mortgages payable on real estate, net
274,940
276,032
332,131
362,747
Liabilities of disposal group held for sale
-
-
122
78
Other liabilities
175,343
183,883
205,501
173,863
Total liabilities
11,491,899
11,332,524
11,208,410
10,997,084
Redeemable non-controlling interest in consolidated variable interest entities
2,529
4,078
3,016
13,713
Preferred stock, par value 0.01 per share, 200,000,000 shares authorized, 22,385,674 shares issued and outstanding (559,642 aggregate liquidation preference)
540,472
540,472
540,472
540,472
Common stock, par value 0.01 per share, 200,000,000 shares authorized, 89,879,786 and 90,303,863 shares issued and outstanding as of june30, 2026 and december31, 2025, respectively
899
899
903
903
Additional paid-in capital
2,306,071
2,308,286
2,294,194
2,279,204
Accumulated other comprehensive loss
-
-
0
0
Accumulated deficit
-1,374,979
-1,393,196
-1,408,647
-1,429,802
Company's stockholders' equity
1,472,463
1,456,461
1,426,922
1,390,777
Non-controlling interests
-2,993
-2,722
499
288
Total equity
1,469,470
1,453,739
1,427,421
1,391,065
Total liabilities and equity
12,963,898
12,790,341
12,638,847
12,401,862
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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