Change in fair value of secured notes and bonds payable
-2,025
-15,599
-8,429
-5,885
Gain on settlement of investments, net
8,383
-49,380
60,868
129,353
Gain on sale of originated residential mortgage loans, held-for-sale, net
196,308
169,698
159,789
682,535
(gain) loss on transfer of loans to real estate owned (reo)
667
-76
116
789
Accretion and other amortization
5,668
22,325
12,006
25,382
Reversal of credit losses on securities, loans and reo
-1,094
-890
-2,042
3,190
Non-cash portions of servicing revenue, net
-281,309
44,008
-552,690
-251,214
Deferred tax provision
3,883
-13,853
-41,295
254,402
Mortgage loans originated and purchased for sale, net of fees
17,544,745
17,047,891
12,355,460
60,360,268
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale
15,096,376
15,765,690
13,377,980
16,273,518
Loan originations and draws of consolidated entities
-
-
-
0
Sales proceeds and loan repayment proceeds of consolidated entities
257,005
394,141
99,676
386,668
Residential transition loans repayment proceeds of consolidated cfes
-
-
-
0
Interest received from servicer advance investments, rmbs, loans and other
13,198
13,338
9,728
56,170
Interest received from reverse repurchase agreements
0
0
-
57,423
Principal repayments and sales proceeds of investments of consolidated cfes
-
-
111,289
318,877
Loan originations and investment purchases of consolidated entities
140,957
192,108
197,937
474,120
Servicer advances receivable
-49,912
-151,793
-311,515
222,862
Other assets
107,774
-165,610
291
20,825
Due to affiliates
-
-
-
0
Accrued expenses and other liabilities
105,181
78,443
-200,120
62,427
Net cash used in operating activities
-2,041,657
-557,080
1,421,267
-1,753,358
Business acquisitions, net of cash acquired
0
0
-
0
Purchase of servicer advance investments
169,957
164,021
186,356
781,896
Purchase of excess msrs
0
0
-
122,887
Purchase of government-backed and other securities
495,904
87,676
1,390,991
1,249,562
Proceeds from sale of government-backed and other securities
0
0
1,291
2,583,782
Purchase of treasury securities
24,754
24,736
24,732
24,729
Treasury sales and treasury securities payable
1,255,474
2,013,706
0
0
Reverse repurchase agreements entered and repurchase agreements closed
0
0
507,863
539,607
Reverse repurchase agreements closed and repurchase agreements entered
0
0
503,863
532,982
Purchase of residential mortgage loans
-
-
-
0
Maturity of treasury securities
25,000
25,000
25,000
25,000
Purchase of sfr properties, msrs and other assets
72,913
33,821
156,484
449,931
Purchase of residential transition loans
3,434
-
-
0
Origination of residential transition loans
1,286,065
933,598
775,530
2,873,016
Purchase of consumer loans
220,962
-
-
-
Draws on revolving consumer loans
5,151
5,074
6,595
24,091
Net settlement of derivatives and hedges
-164,536
124,427
-72,352
-129,401
Return of investments in excess msrs
9,373
9,174
12,908
7,363
Return of investments in equity method investees
0
872
2,471
4,826
Principal repayments from servicer advance investments
181,789
173,130
203,012
808,963
Principal repayments from government, government-backed and other securities
221,911
206,899
154,723
751,318
Principal repayments from residential mortgage loans
9,856
11,853
10,287
10,431
Principal repayments from consumer loans
116,258
87,890
111,102
560,518
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
708,812
413,311
353,128
1,393,658
Principal repayments and sales proceeds of residential transition loans/ principal repayments and sales proceeds of investments of consolidated entities-Variable Interest Entity Primary Beneficiary
206,594
325,256
282,189
592,940
Loan originations and investment purchases of consolidated entities
0
0
-
4,766
Settlement of sale of msrs and msr financing receivables
81
1,860
-2,057
5,557
Proceeds from sale of reo
5,236
9,321
9,711
6,113
Net cash provided by (used in) investing activities
625,618
1,901,199
-1,304,457
-337,627
Repayments of secured financing agreements
11,357,413
15,978,651
16,278,892
8,884,025
Repayments of warehouse credit facilities including those related to the initial consolidation of clos
21,074,711
18,814,045
16,474,309
19,464,454
Repayment of unsecured notes
0
291,476
0
0
Net settlement of margin deposits under repurchase agreements and derivatives
-64,201
84,871
-266,206
611,229
Repayments of secured notes and bonds payable
1,318,477
1,716,883
2,095,661
1,280,313
Deferred financing fees
276
1,812
14,750
6,991
Dividends paid on common and preferred stock
160,592
159,208
156,970
588,058
Borrowings under secured financing agreements
10,506,023
13,989,833
17,282,561
8,927,928
Borrowings under warehouse credit facilities
22,567,510
19,892,011
15,470,945
20,411,400
Borrowings under residential transition loans financing
88,422
-
-
-
Borrowings under notes receivable financing
0
0
-
364,977
Borrowings under secured notes and bonds payable
1,092,483
1,448,574
1,835,740
5,529,900
Proceeds from issuance of unsecured senior notes
0
495,000
0
0
Proceeds from issuance of debt obligations of consolidated entities
703,042
0
0
718,055
Repayments of debt obligations of consolidated entities
105,870
62,650
108,223
127,040
Issuance of common stock
290,665
0
107,412
507
Issuance of preferred stock
184,015
-
-
-
Repurchase of preferred stock
0
0
50,000
0
Net proceeds from issuance of class a units of spac
0
0
230,000
-
Contributions from noncontrolling and redeemable noncontrolling interests
35,215
3,521
45,802
4,416
Distributions to noncontrolling and redeemable noncontrolling interests
3,308
3,150
3,908
9,684
Payment of contingent consideration
-
-
-
0
Purchase of noncontrolling interest
0
0
-
0
Net cash provided by financing activities
1,510,929
-1,283,807
55,953
2,005,382
Net increase in cash, cash equivalents and restricted cash
94,890
60,312
172,763
-85,603
Cash and cash equivalents at beginning of period
2,090,572
2,090,572
1,917,809
1,530,983
Cash and cash equivalents at end of period
2,245,774
2,150,884
2,090,572
1,917,809
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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