Change in fair value of secured notes and bonds payable
-7,324
-5,982
705
-2,025
Gain on settlement of investments, net
82,220
72,232
89,076
8,383
Gain on sale of originated residential mortgage loans, held-for-sale, net
207,006
208,250
203,731
196,308
Gain on transfer of loans to real estate owned (reo)
523
796
537
667
Depreciation and amortization
186,191
-
-
-
Deferred financing cost amortization and other accretion
67,624
-44,303
-32,959
5,668
Reversal of credit losses on securities, loans and reo
-215
107
-874
-1,094
Non-cash portions of servicing revenue, net
-426,517
-225,350
-443,589
-281,309
Deferred tax provision
13,637
38,718
111,614
3,883
Mortgage loans originated and purchased for sale, net of fees
16,911,812
16,165,010
19,310,308
17,544,745
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale
16,119,055
16,148,804
19,204,564
15,096,376
Sales proceeds and loan repayment proceeds of consolidated entities
-
310,408
246,619
257,005
Residential transition loans repayment proceeds of consolidated entities
-
-
0
-
Interest received from servicer advance investments, rmbs, loans and other
12,023
12,390
12,433
13,198
Interest received from reverse repurchase agreements
-
-
0
0
Premiums collected on insurance contract liabilities
-
107,187
39,026
-
Benefits paid on insurance contract liabilities
-
15,198
4,629
-
Principal repayments and sales proceeds of investments of consolidated entities
437,239
0
-111,289
-
Loan originations and investment purchases of consolidated entities
28,342
155,638
-1,566
140,957
Servicer advances receivable
-79,451
-204,865
468,907
-49,912
Other assets
-433,380
259,192
185,945
107,774
Accrued expenses and other liabilities
109,097
-249,444
-49,928
105,181
Net cash provided by operating activities
174,087
100,687
-114,581
-2,041,657
Business acquisitions, net of cash acquired
-
-
-
0
Business acquisitions, net of cash acquired-Series Of Individually Immaterial Business Acquisitions
-
-
156,335
-
Purchase of servicer advance investments
163,993
168,360
172,421
169,957
Purchase of excess msrs
-
-
0
0
Purchase of government-backed and other securities
0
0
538,524
495,904
Proceeds from sale of government-backed and other securities
0
0
3,120,019
0
Purchase of treasury securities
24,721
0
24,732
24,754
Treasury sales and treasury securities payable
0
-
0
1,255,474
Reverse repurchase agreements entered and repurchase agreements closed
0
0
0
0
Reverse repurchase agreements closed and repurchase agreements entered
0
0
0
0
Maturity of treasury securities
25,000
0
25,000
25,000
Purchase of sfr properties, msrs and other assets
109,917
116,758
139,368
72,913
Purchase of residential transition loans
0
14,204
5,580
3,434
Origination of residential transition loans
1,220,167
1,366,705
1,135,063
2,995,193
Purchase of consumer loans
290,707
134,374
279,372
220,962
Draws on revolving consumer loans
4,590
3,995
5,303
5,151
Business acquisitions, net of cash acquired-Paramount Group Inc.
-
-
903,606
-
Purchase of commercial real estate
50,890
39,726
-
-
Purchase of insurance company investments, at fair value
200,787
207,999
152,757
-
Net settlement of derivatives and hedges
367,202
158,357
-74,651
-164,536
Return of investments in excess msrs
7,962
7,664
8,265
9,373
Return of investments in equity method investees
9,350
42,265
2,741
0
Principal repayments from servicer advance investments
167,453
179,301
179,901
181,789
Principal repayments from government, government-backed and other securities
192,436
163,903
258,192
221,911
Principal repayments from residential mortgage loans
10,361
10,482
10,129
9,856
Principal repayments from consumer loans
98,044
124,100
107,906
116,258
Principal repayments and sales proceeds of residential transition loans/ principal repayments and sales proceeds of investments of consolidated entities-Consolidated Entity Excluding Variable Interest Entities VIE
-
-
707,208
708,812
Principal repayments and sales proceeds of residential transition loans
357,030
600,840
-
-
Principal repayments and sales proceeds of residential transition loans/ principal repayments and sales proceeds of investments of consolidated entities-Variable Interest Entity Not Primary Beneficiary
95,840
92,908
94,623
-
Principal repayments and sales proceeds of residential transition loans/ principal repayments and sales proceeds of investments of consolidated entities-Variable Interest Entity Primary Beneficiary
239,528
242,805
350,356
206,594
Loan originations and investment purchases of consolidated entities
14,151
-
0
0
Settlement of sale of msrs and msr financing receivables
1,632
2,415
-5,854
81
Proceeds from sale of reo
11,661
9,173
17,338
5,236
Net cash provided by (used in) investing activities
-1,234,092
-739,452
1,449,122
625,618
Repayments of secured financing agreements
10,796,642
7,967,480
11,958,035
11,357,413
Repayments of warehouse credit facilities
24,717,053
22,917,108
25,927,602
21,074,711
Repayment of unsecured notes
18,326
-
0
0
Net settlement of margin deposits under repurchase agreements and derivatives
78,985
-2,363
21,106
-64,201
Repayments of secured notes and bonds payable
2,765,535
2,001,081
1,404,375
1,318,477
Deferred financing fees
10,044
6,431
3,251
276
Dividends paid on common and preferred stock
174,424
172,479
166,425
160,592
Borrowings under secured financing agreements
10,737,051
7,884,582
9,334,084
10,506,023
Borrowings under warehouse credit facilities
24,533,298
23,163,402
25,776,552
22,567,510
Borrowings under residential transition loans financing
-
3,923
0
88,422
Borrowings under notes receivable financing
-
0
0
0
Borrowings under secured notes and bonds payable
2,298,053
1,617,427
3,353,332
4,376,797
Proceeds from issuance of unsecured senior notes
495,000
-
0
0
Proceeds from issuance of debt obligations of consolidated entities
1,787,326
582,756
532,933
703,042
Repayments of debt obligations of consolidated entities
334,873
184,431
326,646
105,870
Premiums collected on insurance contract liabilities
190,943
-
-
-
Benefits paid, surrenders, and withdrawals on insurance contract liabilities
31,726
-
-
-
Issuance of common stock
0
0
0
398,077
Issuance of preferred stock
0
242,125
-479
184,015
Repurchase of preferred stock
0
0
0
0
Net proceeds from issuance of class a units of spac
0
0
0
0
Contributions from non-controlling and redeemable non-controlling interests
36,596
68,655
23,465
35,215
Distributions to non-controlling and redeemable non-controlling interests
11,578
4,460
3,349
3,308
Purchase of non-controlling interest
-
-
0
0
Other capital activity
465
557
-
-
Net cash provided by (used in) financing activities
1,135,623
312,320
-790,902
1,510,929
Net increase (decrease) in cash, cash equivalents and restricted cash
75,618
-326,445
543,639
94,890
Cash, cash equivalents and restricted cash, beginning of period (note 12)
2,462,968
2,789,413
2,090,572
2,090,572
Cash, cash equivalents and restricted cash, end of period (note 12)
2,538,586
2,462,968
2,789,413
2,245,774
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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