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Maryland
(州或其他管辖范围 成立公司或组织) |
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6162
(主要标准工业 分类代码号) |
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33-0675505
(I.R.S. Employer 识别码) |
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☐ Large accelerated filer
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☐ Accelerated filer
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Non-accelerated filer
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较小的报告公司
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☐ Emerging growth company
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☐
Exchange Act Rule 13e-4(i)
(跨境发行商投标报价)
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☐
Exchange Act Rule 14d-1(d)
(跨境第三方投标报价)
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有关前瞻性陈述的警示说明
|
| | | | 1 | | |
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如何获取附加信息
|
| | | | 3 | | |
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有关交换要约和征求同意的问答
|
| | | | 4 | | |
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交换要约和征求同意摘要
|
| | | | 18 | | |
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RISK FACTORS
|
| | | | 33 | | |
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与交换要约和同意征求有关的风险
|
| | | | 34 | | |
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与我们业务相关的风险
|
| | | | 41 | | |
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与我们行业相关的风险
|
| | | | 51 | | |
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与法规相关的风险
|
| | | | 53 | | |
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与我们的普通股相关的其他风险
|
| | | | 56 | | |
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交换要约和征求同意的背景
|
| | | | 60 | | |
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B系列优先股的股息权利
|
| | | | 69 | | |
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董事会的某些考虑因素
|
| | | | 69 | | |
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董事会会议结束
|
| | | | 71 | | |
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某些股东的利益
|
| | | | 71 | | |
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Other Plans
|
| | | | 71 | | |
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交换要约和征求同意
|
| | | | 73 | | |
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General
|
| | | | 73 | | |
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同意征求意见条款
|
| | | | 77 | | |
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优先股、普通股和新优先股权利对比
Stock |
| | | | 80 | | |
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Warrants
|
| | | | 86 | | |
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零碎股份和认股权证
|
| | | | 88 | | |
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Partial Tenders
|
| | | | 88 | | |
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延期、终止和修改
|
| | | | 89 | | |
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换股;要约对价
|
| | | | 89 | | |
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未能参与的后果
|
| | | | 90 | | |
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优先股投标程序
|
| | | | 91 | | |
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托管公司账簿-分录转让和同意程序
|
| | | | 92 | | |
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保证交付程序
|
| | | | 93 | | |
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撤销权和撤销协议
|
| | | | 93 | | |
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接受优先股交换;交付优先股
Consideration |
| | | | 95 | | |
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交换优惠的条件
|
| | | | 95 | | |
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Waiver of Conditions
|
| | | | 96 | | |
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Source of Funds
|
| | | | 97 | | |
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Fees and Expenses
|
| | | | 97 | | |
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董事、高管和关联公司的推荐
|
| | | | 97 | | |
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Voting Agreements
|
| | | | 97 | | |
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评估权利和申请公允价值的权利
|
| | | | 98 | | |
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Exchange代理和授权代理
|
| | | | 98 | | |
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信息代理和征集代理
|
| | | | 98 | | |
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CAPITALIZATION
|
| | | | 99 | | |
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普通股和优先股的市场价格
|
| | | | 101 | | |
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Common Stock
|
| | | | 101 | | |
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Series B Preferred Stock
|
| | | | 101 | | |
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Series C Preferred Stock
|
| | | | 101 | | |
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我们的普通股和优先股的分红政策和分红
|
| | | | 102 | | |
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管理层对财务状况和经营成果的讨论和分析
|
| | | | 103 | | |
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Market Conditions
|
| | | | 103 | | |
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抵押贷款行业及相关会计期间探讨
|
| | | | 103 | | |
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精选财务结果
|
| | | | 104 | | |
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Status of Operations
|
| | | | 105 | | |
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流动资金和资本资源
|
| | | | 109 | | |
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关键会计政策
|
| | | | 112 | | |
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财务状况和经营业绩
|
| | | | 113 | | |
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Status of Operations
|
| | | | 128 | | |
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非公认会计准则财务指标
|
| | | | 129 | | |
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按贷款类型划分的发放额
|
| | | | 131 | | |
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Mortgage Servicing
|
| | | | 133 | | |
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关键会计政策
|
| | | | 134 | | |
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财务状况和经营业绩
|
| | | | 137 | | |
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长期抵押贷款组合信用质量
|
| | | | 142 | | |
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Results of Operations
|
| | | | 144 | | |
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流动资金和资本资源
|
| | | | 153 | | |
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运营和市场风险
|
| | | | 158 | | |
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Interest Rate Risk
|
| | | | 158 | | |
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Credit Risk
|
| | | | 160 | | |
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Operational Risk
|
| | | | 161 | | |
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Real Estate Risk
|
| | | | 161 | | |
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Prepayment Risk
|
| | | | 161 | | |
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Liquidity Risk
|
| | | | 162 | | |
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表外安排
|
| | | | 162 | | |
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业务描述
|
| | | | 163 | | |
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General
|
| | | | 163 | | |
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Regulation
|
| | | | 170 | | |
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Competition
|
| | | | 172 | | |
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Properties
|
| | | | 173 | | |
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Legal Proceedings
|
| | | | 173 | | |
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董事、高管和控制人
|
| | | | 174 | | |
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有关导演的信息
|
| | | | 174 | | |
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BENEFICIAL OWNERSHIP
|
| | | | 177 | | |
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某些受益所有者和管理层的担保所有权
|
| | | | 177 | | |
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高管、董事和大股东对优先股的实益所有权
|
| | | | 178 | | |
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公司治理和董事薪酬
|
| | | | 179 | | |
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Family Relationships
|
| | | | 179 | | |
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公司治理和董事会事务
|
| | | | 179 | | |
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董事会成员薪酬
|
| | | | 183 | | |
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高管薪酬
|
| | | | 185 | | |
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雇佣安排
|
| | | | 187 | | |
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股权薪酬计划信息
|
| | | | 188 | | |
|
401(k) Plan
|
| | | | 189 | | |
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基于计划的奖励授予
|
| | | | 189 | | |
|
拖欠款项第16(A)节报告
|
| | | | 189 | | |
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某些关系和相关交易
|
| | | | 189 | | |
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政策和流程
|
| | | | 190 | | |
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变更公司注册会计师
|
| | | | 190 | | |
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证券说明
|
| | | | 191 | | |
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授权资本化
|
| | | | 191 | | |
|
Common Stock
|
| | | | 191 | | |
|
B系列优先股和C系列优先股
|
| | | | 191 | | |
|
New Preferred Stock
|
| | | | 194 | | |
|
Warrants
|
| | | | 200 | | |
|
税收优惠保留权协议
|
| | | | 202 | | |
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马里兰州法律以及我们的宪章和章程的某些条款
|
| | | | 207 | | |
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Removal of Directors
|
| | | | 207 | | |
|
提名和股东业务。
|
| | | | 207 | | |
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股东特别会议
|
| | | | 207 | | |
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非常交易
|
| | | | 208 | | |
|
责任限制
|
| | | | 208 | | |
|
马里兰州企业合并法规
|
| | | | 208 | | |
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马里兰州控股股份收购法规
|
| | | | 209 | | |
|
重要的美国联邦所得税考虑因素
|
| | | | 210 | | |
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新优先股的税种分类
|
| | | | 211 | | |
|
交换要约中投标美国持有者的税务后果
|
| | | | 211 | | |
|
在交换要约中投标非美国持有者的税收后果
|
| | | | 214 | | |
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对交易所要约中优先股的非投标持有人的税务后果
|
| | | | 214 | | |
|
对交易所报价公司的税务后果
|
| | | | 215 | | |
|
普通股和新优先股美国持有者的税收
|
| | | | 215 | | |
|
美国权证持有人的税收
|
| | | | 216 | | |
|
普通股和新优先股免税持有人征税
|
| | | | 217 | | |
|
普通股和新优先股的非美国持有者征税
|
| | | | 217 | | |
|
非美国权证持有人的税收
|
| | | | 219 | | |
|
备份扣缴和信息报告
|
| | | | 219 | | |
|
《外国账户税务合规法案》预扣
|
| | | | 220 | | |
|
外商投资不动产税法(“FIRPTA”)
|
| | | | 221 | | |
|
Other Tax Consequences
|
| | | | 221 | | |
|
LEGAL MATTERS
|
| | | | 222 | | |
|
EXPERTS
|
| | | | 222 | | |
|
合并财务报表索引
|
| | | | F-1 | | |
|
ANNEX A-1
修订条款-9.375%系列B累计可赎回优先股
|
| | | | A-1-1 | | |
|
ANNEX A-2
修订条款-9.125%C系列累计可赎回优先股
|
| | | | A-2-1 | | |
|
ANNEX A-3
文章补充-8.25%系列D累计可赎回优先股
|
| | | | A-3-1 | | |
Security
|
| |
每股现金/新优先股
|
| |
每股普通股证券
|
|
B系列优先股
|
| | 现金3.00美元,或者,如果在交换要约中支付现金将导致我们违反下文所述的现金对价限制,则为三十(30)股新优先股(“B系列现金/新优先股部分”),如下所述。 | | | 13.33股普通股(“B系列普通股部分”,连同系列现金/新优先股部分,“B系列对价”),详情如下。 | |
C系列优先股
|
| | 现金0.10美元,或者,如果在交换要约中支付现金将导致我们违反下文所述的现金对价限制,则一(1)股新优先股(“C系列现金/新优先股部分”),如下所述。 | | | 1.25股普通股和1.5股认股权证,按每股5.00美元的行使价购买1.5股普通股(统称为“C系列普通股部分”,连同C系列现金/新优先股部分,称为“C系列对价”),详情如下。 | |
|
Security
|
| |
Cash/New Preferred
Stock Per Share |
| |
Common Securities
Per Share |
|
| B系列优先股 | | | 现金3.00美元,或者,如果在交换要约中支付现金会导致我们违反下文所述的现金对价限制,则为三十(30)股新优先股,如下所述。 | | | 13.33股本公司普通股,详情如下。 | |
|
Security
|
| |
Cash/New Preferred
Stock Per Share |
| |
Common Securities
Per Share |
|
| C系列优先股 | | | 现金0.10美元,或者,如果在交换要约中支付现金会导致我们违反下文所述的现金对价限制,则一(1)股新优先股,如下所述。 | | | 1.25股普通股和1.5股认股权证,以每股5.00美元的行使价购买1.5股普通股,详情如下。 | |
(in millions)
|
| |
2022
|
| |
2023
|
| |
2024
|
| |
2025
|
| |
2026
|
| |||||||||||||||
Balance, January 1
|
| | | $ | 19.1 | | | | | $ | 20.7 | | | | | $ | 22.3 | | | | | $ | 23.9 | | | | | $ | 25.5 | | |
累计和未支付的优先股股息
|
| | | $ | 1.6 | | | | | $ | 1.6 | | | | | $ | 1.6 | | | | | $ | 1.6 | | | | | $ | 1.6 | | |
Balance, December 31
|
| | | $ | 20.7 | | | | | $ | 22.3 | | | | | $ | 23.9 | | | | | $ | 25.5 | | | | | $ | 27.1 | | |
|
Security
|
| |
CUSIP
|
| |
Symbol
|
| |
Shares
Outstanding |
| |
每股现金/新优先股
|
| |
每股普通股证券
|
|
| 9.375%B系列累计可赎回优先股,每股面值$0.01 | | |
45254P300
|
| |
IMPHP
|
| |
665,592
|
| | 现金3.00美元,或者,如果支付现金会导致我们违反下文所述的现金对价限制,则为三十(30)股新优先股,如下所述。 | | | 13.33股新发行的普通股,详情如下。 | |
| 9.125%C系列累计可赎回优先股,每股面值$0.01 | | |
45254P409
|
| |
IMPHO
|
| |
1,405,086
|
| | 现金0.10美元,或者,如果支付现金会导致我们违反下文所述的现金对价限制,则一(1)股新优先股,如下所述。 | | | 1.25股新发行的普通股和1.5股认股权证,以每股5.00美元的行使价购买1.5股普通股,详情如下。 | |
|
Filing Fees
|
| | | $ | 75,000 | | |
|
Legal Fees
|
| | | $ | 1,250,000 | | |
|
Accounting Fees
|
| | | $ | 30,000 | | |
|
Soliciting Expenses
|
| | | $ | 0 | | |
|
Printing Costs
|
| | | $ | 150,000 | | |
|
Estimated Fees Total
|
| | | $ | 1,505,000 | | |
| | |
Actual
June 30, 2022 |
| |
As
Adjusted June 30, 2022 (assuming cash issued to satisfy Cash/New Preferred Stock Portion) |
| |
As
Adjusted June 30, 2022 (assuming New Preferred issued to satisfy Cash/New Preferred Stock Portion) |
| |||||||||
现金和现金等价物
|
| | | $ | 61,173 | | | | | $ | 57,705 | | | | | $ | 61,173 | | |
STOCKHOLDERS’ EQUITY
|
| | | | | | | | | | | | | | | | | | |
系列A-1初级参股优先股,每股面值0.01美元
股份;2500,000股授权股份;无、无和无发行 or outstanding as of June 30, 2022 |
| | | | — | | | | | | — | | | | | | — | | |
B系列9.375%可赎回优先股,每股面值0.10美元;总清算价值、累计和未支付股息36,530美元;2,000,000股授权股票,665,592股,截至2022年6月30日未发行或未发行
|
| | | | 7 | | | | | | — | | | | | | — | | |
C系列9.125%可赎回优先股,每股面值0.10美元
share; aggregate liquidation value $35,127; 5,500,000 shares 已授权;1,405,086,截至 ,未发行或未发行 June 30, 2022 |
| | | | 14 | | | | | | — | | | | | | — | | |
D系列累计永久优先股8.25%;每股面值0.01美元;调整后总清算价值3,468美元;截至2022年6月30日,无、无和34,684,686股已发行和已发行股票
|
| | | | — | | | | | | — | | | | | | 35 | | |
普通股,每股面值0.01美元;授权股份200,000,000股;截至2022年6月30日已发行和已发行的股份分别为21,500,935股,36,569,133股和36,569,133股
|
| | | | 215 | | | | | | 366 | | | | | | 366 | | |
新增实收资本
|
| | | | 1,238,383 | | | | | | 1,238,253 | | | | | | 1,238,218 | | |
累计其他综合收益,税后净额
|
| | | | 29,812 | | | | | | 29,812 | | | | | | 29,812 | | |
累计赤字总额: | | | | | | | | | | | | | | | | | | | |
宣布的累计股息
|
| | | | (822,520) | | | | | | (825,988) | | | | | | (822,520) | | |
Accumulated deficit
|
| | | | (442,459) | | | | | | (442,459) | | | | | | (442,459) | | |
| | |
Actual
June 30, 2022 |
| |
As
Adjusted June 30, 2022 (assuming cash issued to satisfy Cash/New Preferred Stock Portion) |
| |
As
Adjusted June 30, 2022 (assuming New Preferred issued to satisfy Cash/New Preferred Stock Portion) |
| |||||||||
累计赤字总额
|
| | | | (1,264,979) | | | | | | (1,268,447) | | | | | | (1,264,979) | | |
股东权益总额
|
| | | | 3,452 | | | | | | (16) | | | | | | 3,452 | | |
总负债和股东权益
|
| | | $ | 133,658 | | | | | $ | 130,190 | | | | | $ | 133,658 | | |
Shares outstanding
|
| | | | 21,501 | | | | | | 36,569 | | | | | | 36,569 | | |
Book Value per Share
|
| | | | 0.16 | | | | | | (0.00) | | | | | | 0.09 | | |
Tangible Book Value
|
| | | | 0.16 | | | | | | (0.00) | | | | | | 0.09 | | |
每股普通股账面价值
|
| | | | (2.25) | | | | | | (0.00) | | | | | | (0.00) | | |
包括股息在内的每股普通股账面价值
arrears* |
| | | | (3.17) | | | | | | (0.00) | | | | | | (0.00) | | |
| | |
截至的三个月
|
| |
For the Six Months Ended
|
| ||||||||||||||||||||||||
(单位为千,每股数据除外)
|
| |
June 30,
2022 |
| |
March 31,
2022 |
| |
June 30,
2021 |
| |
June 30,
2022 |
| |
June 30,
2021 |
| |||||||||||||||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gain on sale of loans, net
|
| | | $ | 179 | | | | | $ | 5,955 | | | | | $ | 10,693 | | | | | $ | 6,134 | | | | | $ | 30,824 | | |
服务收入(费用),净额
|
| | | | 7 | | | | | | (12) | | | | | | (150) | | | | | | (5) | | | | | | (269) | | |
抵押贷款偿还权收益(损失),净额
|
| | | | 45 | | | | | | 111 | | | | | | (37) | | | | | | 155 | | | | | | 1 | | |
房地产服务费,净额
|
| | | | 257 | | | | | | 185 | | | | | | 478 | | | | | | 442 | | | | | | 688 | | |
Other
|
| | | | 7 | | | | | | 951 | | | | | | (4) | | | | | | 959 | | | | | | 320 | | |
Total revenues, net
|
| | | | 495 | | | | | | 7,190 | | | | | | 10,980 | | | | | | 7,685 | | | | | | 31,564 | | |
Expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Personnel expense
|
| | | | 8,024 | | | | | | 11,921 | | | | | | 11,964 | | | | | | 19,945 | | | | | | 26,888 | | |
Business promotion
|
| | | | 1,319 | | | | | | 2,301 | | | | | | 1,770 | | | | | | 3,620 | | | | | | 2,963 | | |
一般、行政和其他
|
| | | | 5,323 | | | | | | 5,135 | | | | | | 5,882 | | | | | | 10,458 | | | | | | 11,063 | | |
Total expenses
|
| | | | 14,666 | | | | | | 19,357 | | | | | | 19,616 | | | | | | 34,023 | | | | | | 40,914 | | |
Operating loss:
|
| | | | (14,171) | | | | | | (12,167) | | | | | | (8,636) | | | | | | (26,338) | | | | | | (9,350) | | |
Other income (expense): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
净利息(费用)收入
|
| | | | (1,260) | | | | | | 116 | | | | | | 558 | | | | | | (1,144) | | | | | | 1,218 | | |
长期债务公允价值变动
|
| | | | 1,980 | | | | | | 1,642 | | | | | | 1,417 | | | | | | 3,622 | | | | | | 2,442 | | |
信托净资产公允价值变动
|
| | | | — | | | | | | 9,248 | | | | | | (2,141) | | | | | | 9,248 | | | | | | (3,814) | | |
Total other income (loss), net
|
| | | | 720 | | | | | | 11,006 | | | | | | (166) | | | | | | 11,726 | | | | | | (154) | | |
Loss before income taxes
|
| | | | (13,451) | | | | | | (1,161) | | | | | | (8,802) | | | | | | (14,612) | | | | | | (9,504) | | |
Income tax expense
|
| | | | 16 | | | | | | 23 | | | | | | 62 | | | | | | 39 | | | | | | 43 | | |
Net loss
|
| | | $ | (13,467) | | | | | $ | (1,184) | | | | | $ | (8,864) | | | | | $ | (14,651) | | | | | $ | (9,547) | | |
其他综合损失: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
特定工具信用风险的公允价值变动
|
| | | | 10,037 | | | | | | (2,269) | | | | | | (538) | | | | | | 7,768 | | | | | | (2,205) | | |
全面亏损
|
| | | $ | (3,430) | | | | | $ | (3,453) | | | | | $ | (9,402) | | | | | $ | (6,883) | | | | | $ | (11,752) | | |
稀释加权平均普通股
|
| | | | 21,509 | | | | | | 21,417 | | | | | | 21,344 | | | | | | 21,463 | | | | | | 21,319 | | |
Diluted loss per share
|
| | | $ | (0.64) | | | | | $ | (0.07) | | | | | $ | (0.42) | | | | | $ | (0.72) | | | | | $ | (0.45) | | |
| | |
截至的三个月
|
| |
For the Six Months Ended
|
| ||||||||||||||||||||||||
(单位为千,每股数据除外)
|
| |
June 30,
2022 |
| |
March 31,
2022 |
| |
June 30,
2021 |
| |
June 30,
2022 |
| |
June 30,
2021 |
| |||||||||||||||
Loss before income taxes:
|
| | | $ | (13,451) | | | | | $ | (1,161) | | | | | $ | (8,802) | | | | | $ | (14,612) | | | | | $ | (9,504) | | |
抵押贷款偿还权公允价值变动
|
| | | | (89) | | | | | | (143) | | | | | | 11 | | | | | | (231) | | | | | | (39) | | |
长期债务公允价值变动
|
| | | | (1,980) | | | | | | (1,642) | | | | | | (1,417) | | | | | | (3,622) | | | | | | (2,442) | | |
信托净资产公允价值变动,包括信托REO收益(亏损)
|
| | | | — | | | | | | (9,248) | | | | | | 2,141 | | | | | | (9,248) | | | | | | 3,814 | | |
法律和解和专业费用,遗产事宜(1)
|
| | | | — | | | | | | — | | | | | | 1,000 | | | | | | — | | | | | | 1,000 | | |
传统企业拥有的人寿保险(2)
|
| | | | 157 | | | | | | (816) | | | | | | 160 | | | | | | (659) | | | | | | 2 | | |
Adjusted loss before tax
|
| | | $ | (15,363) | | | | | $ | (13,010) | | | | | $ | (6,907) | | | | | $ | (28,372) | | | | | $ | (7,169) | | |
稀释加权平均普通股
|
| | | | 21,509 | | | | | | 21,417 | | | | | | 21,344 | | | | | | 21,463 | | | | | | 21,319 | | |
之前稀释调整后的每股普通股亏损
tax |
| | | $ | (0.71) | | | | | $ | (0.61) | | | | | $ | (0.32) | | | | | $ | (1.32) | | | | | $ | (0.34) | | |
每股普通股摊薄亏损
|
| | | $ | (0.64) | | | | | $ | (0.07) | | | | | $ | (0.42) | | | | | $ | (0.72) | | | | | $ | (0.45) | | |
Adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
优先股累计未申报股息
stock |
| | | | 0.02 | | | | | | 0.02 | | | | | | — | | | | | | 0.04 | | | | | | — | | |
抵押贷款偿还权公允价值变动
|
| | | | (0.01) | | | | | | (0.01) | | | | | | — | | | | | | (0.01) | | | | | | — | | |
长期债务公允价值变动
|
| | | | (0.09) | | | | | | (0.08) | | | | | | (0.07) | | | | | | (0.17) | | | | | | (0.11) | | |
信托净资产公允价值变动,包括信托REO收益(亏损)
|
| | | | — | | | | | | (0.43) | | | | | | 0.11 | | | | | | (0.43) | | | | | | 0.17 | | |
遗产事务的法律和解和专业费用
|
| | | | — | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 0.05 | | |
传统企业拥有的人寿保险
|
| | | | 0.01 | | | | | | (0.04) | | | | | | 0.01 | | | | | | (0.03) | | | | | | — | | |
之前稀释调整后的每股普通股亏损
tax |
| | | $ | (0.71) | | | | | $ | (0.61) | | | | | $ | (0.32) | | | | | $ | (1.32) | | | | | $ | (0.34) | | |
| | |
截至的三个月
|
| |||||||||||||||||||||||||||
(in millions)
|
| |
June 30,
2022 |
| |
March 31,
2022 |
| |
%
Change |
| |
June 30,
2021 |
| |
%
Change |
| |||||||||||||||
Retail
|
| | | $ | 93.0 | | | | | $ | 288.9 | | | | | | (68)% | | | | | $ | 514.2 | | | | | | (82)% | | |
Wholesale
|
| | | | 35.1 | | | | | | 193.2 | | | | | | (82) | | | | | | 97.3 | | | | | | (64) | | |
Total originations
|
| | | $ | 128.1 | | | | | $ | 482.1 | | | | | | (73)% | | | | | $ | 611.5 | | | | | | (79)% | | |
| | |
截至6月30日的三个月
|
| |
For the Six Months Ended June 30,
|
| ||||||||||||||||||||||||||||||
(in millions)
|
| |
2022
|
| |
2021
|
| |
% Change
|
| |
2022
|
| |
2021
|
| |
% Change
|
| ||||||||||||||||||
Conventional
|
| | | $ | 40.6 | | | | | $ | 500.1 | | | | | | (92)% | | | | | $ | 198.7 | | | | | $ | 1,279.1 | | | | | | (84)% | | |
NonQM
|
| | | | 80.2 | | | | | | 100.6 | | | | | | (20) | | | | | | 394.5 | | | | | | 115.3 | | | | | | 242 | | |
Jumbo
|
| | | | 0.9 | | | | | | 3.8 | | | | | | (76) | | | | | | 5.5 | | | | | | 51.2 | | | | | | (89) | | |
Government(1) | | | | | 6.4 | | | | | | 7.0 | | | | | | (9) | | | | | | 11.5 | | | | | | 15.8 | | | | | | (27) | | |
Total originations
|
| | | $ | 128.1 | | | | | $ | 611.5 | | | | | | (79)% | | | | | $ | 610.2 | | | | | $ | 1,461.4 | | | | | | (58)% | | |
| | |
截至6月30日的三个月
|
| |
For the Six Months Ended June 30,
|
| ||||||||||||||||||||||||||||||||||||||||||
(in millions)
|
| |
2022
|
| |
%
|
| |
2021
|
| |
%
|
| |
2022
|
| |
%
|
| |
2021
|
| |
%
|
| ||||||||||||||||||||||||
Refinance
|
| | | $ | 78.4 | | | | | | 61% | | | | | $ | 559.7 | | | | | | 92% | | | | | $ | 456.4 | | | | | | 75% | | | | | $ | 1,385.6 | | | | | | 95% | | |
Purchase
|
| | | | 49.7 | | | | | | 39 | | | | | | 51.8 | | | | | | 8 | | | | | | 153.8 | | | | | | 25 | | | | | | 75.8 | | | | | | 5 | | |
Total originations
|
| | | $ | 128.1 | | | | | | 100% | | | | | $ | 611.5 | | | | | | 100% | | | | | $ | 610.2 | | | | | | 100% | | | | | $ | 1,461.4 | | | | | | 100% | | |
(未付本金余额(UPB),单位:百万)
|
| |
June 30,
2022 |
| |
December 31,
2021 |
| |
%
Change |
| |
June 30,
2021 |
| |
%
Change |
| |||||||||||||||
抵押贷款服务组合
|
| | | $ | 71.4 | | | | | $ | 71.8 | | | | | | (0.6)% | | | | | $ | 48.6 | | | | | | 47% | | |
(in millions)
|
| |
At June 30,
2022 |
| |
% 60+ days
delinquent(1) |
| |
At December 31,
2021 |
| |
% 60+ days
delinquent(1) |
| ||||||||||||
Ginnie Mae
|
| | | $ | 71.4 | | | | | | 1.49% | | | | | $ | 71.8 | | | | | | 2.00% | | |
Freddie Mac
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Fannie Mae
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
总服务组合
|
| | | $ | 71.4 | | | | | | 1.49% | | | | | $ | 71.8 | | | | | | 2.00% | | |
(单位为千,每股数据除外)
|
| |
June 30,
2022 |
| |
December 31,
2021 |
| |
$
Change |
| |
%
Change |
| ||||||||||||
ASSETS
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | $ | 61,173 | | | | | $ | 29,555 | | | | | $ | 31,618 | | | | | | 107% | | |
Restricted cash
|
| | | | 5,196 | | | | | | 5,657 | | | | | | (461) | | | | | | (8) | | |
待售抵押贷款
|
| | | | 37,035 | | | | | | 308,477 | | | | | | (271,442) | | | | | | (88) | | |
抵押偿还权
|
| | | | 850 | | | | | | 749 | | | | | | 101 | | | | | | 13 | | |
证券化抵押贷款信托资产
|
| | | | — | | | | | | 1,642,730 | | | | | | (1,642,730) | | | | | | (100) | | |
Other assets
|
| | | | 29,404 | | | | | | 35,603 | | | | | | (6,199) | | | | | | (17) | | |
Total assets
|
| | | $ | 133,658 | | | | | $ | 2,022,771 | | | | | $ | (1,889,113) | | | | | | (93)% | | |
LIABILITIES & EQUITY
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Warehouse borrowings
|
| | | $ | 37,795 | | | | | $ | 285,539 | | | | | $ | (247,744) | | | | | | (87)% | | |
Convertible notes
|
| | | | 15,000 | | | | | | 20,000 | | | | | | (5,000) | | | | | | (25) | | |
Long-term debt (Par value; $62,000)
|
| | | | 35,889 | | | | | | 46,536 | | | | | | (10,647) | | | | | | (23) | | |
证券化抵押贷款信托负债
|
| | | | — | | | | | | 1,614,862 | | | | | | (1,614,862) | | | | | | (100) | | |
Repurchase reserve
|
| | | | 5,999 | | | | | | 4,744 | | | | | | 1,255 | | | | | | 26 | | |
Other liabilities
|
| | | | 35,523 | | | | | | 41,154 | | | | | | (5,631) | | | | | | (14) | | |
Total liabilities
|
| | | | 130,206 | | | | | | 2,012,835 | | | | | | (1,882,629) | | | | | | (94) | | |
Total equity
|
| | | | 3,452 | | | | | | 9,936 | | | | | | (6,484) | | | | | | (65) | | |
总负债和股东权益
|
| | | $ | 133,658 | | | | | $ | 2,022,771 | | | | | $ | (1,889,113) | | | | | | (93)% | | |
每股账面和有形账面价值
|
| | | $ | 0.16 | | | | | $ | 0.47 | | | | | $ | (0.31) | | | | | | (66)% | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| |
$
Change |
| |
%
Change |
| ||||||||||||
证券化按揭抵押品
|
| | | $ | — | | | | | $ | 1,639,251 | | | | | $ | (1,639,251) | | | | | | (100)% | | |
Real estate owned (REO)
|
| | | | — | | | | | | 3,479 | | | | | | (3,479) | | | | | | (100) | | |
Total trust assets(1)
|
| | | | — | | | | | | 1,642,730 | | | | | | (1,642,730) | | | | | | (100) | | |
证券化抵押贷款借款
|
| | | $ | — | | | | | $ | 1,614,862 | | | | | $ | (1,614,862) | | | | | | (100)% | | |
Total trust liabilities(1)
|
| | | | — | | | | | | 1,614,862 | | | | | | (1,614,862) | | | | | | (100) | | |
证券化的剩余权益
|
| | | $ | — | | | | | $ | 27,868 | | | | | $ | (27,868) | | | | | | (100)% | | |
| | |
TRUST ASSETS
|
| |
TRUST LIABILITIES
|
| | | | | | | ||||||||||||||||||
| | |
Level 3 Recurring Fair
Value Measurement |
| |
NRV
|
| | | | | | | |
Level 3 Recurring Fair
Value Measurement |
| | | | | | | |||||||||
| | |
Securitized
mortgage collateral |
| |
Real
estate owned |
| |
Total trust
assets |
| |
Securitized
mortgage borrowings |
| |
Net
trust assets |
| |||||||||||||||
Recorded fair value at December 31, 2021
|
| | | $ | 1,639,251 | | | | | $ | 3,479 | | | | | $ | 1,642,730 | | | | | $ | (1,614,862) | | | | | $ | 27,868 | | |
收益包含的总收益/(亏损):
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | 2,019 | | | | | | — | | | | | | 2,019 | | | | | | — | | | | | | 2,019 | | |
Interest expense
|
| | | | — | | | | | | — | | | | | | — | | | | | | (7,564) | | | | | | (7,564) | | |
信托净资产FV变动,不包括REO(1)
|
| | | | 9,248 | | | | | | — | | | | | | 9,248 | | | | | | — | | | | | | 9,248 | | |
收益中包含的总收益(亏损)
|
| | | | 11,267 | | | | | | — | | | | | | 11,267 | | | | | | (7,564) | | | | | | 3,703 | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
采购、发行和结算
|
| | | | (1,650,518) | | | | | | (3,479) | | | | | | (1,653,997) | | | | | | 1,622,426 | | | | | | (31,571) | | |
Recorded fair value at June 30, 2022
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
Net trust assets
|
| | | $ | — | | | | | $ | 27,868 | | |
Total trust assets
|
| | | | — | | | | | | 1,642,730 | | |
信托净资产占信托总资产的百分比
|
| | | | —% | | | | | | 1.70% | | |
| | |
剩余公允价值预估
按年份列出的利息 June 30, 2022 |
| |
剩余公允价值预估
按年份列出的利息 December 31, 2021 |
| ||||||||||||||||||||||||||||||
Origination Year
|
| |
SF
|
| |
MF
|
| |
Total
|
| |
SF
|
| |
MF
|
| |
Total
|
| ||||||||||||||||||
2002 – 2003(1) | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 13,167 | | | | | $ | 722 | | | | | $ | 13,889 | | |
2004
|
| | | | — | | | | | | — | | | | | | — | | | | | | 7,661 | | | | | | 736 | | | | | | 8,397 | | |
2005
|
| | | | — | | | | | | — | | | | | | — | | | | | | 851 | | | | | | 442 | | | | | | 1,293 | | |
2006
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,289 | | | | | | 4,289 | | |
Total
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 21,679 | | | | | $ | 6,189 | | | | | $ | 27,868 | | |
加权平均。预付率
|
| | | | —% | | | | | | —% | | | | | | —% | | | | | | 15.4% | | | | | | 15.3% | | | | | | 15.4% | | |
加权平均。贴现率
|
| | | | —% | | | | | | —% | | | | | | —% | | | | | | 11.8% | | | | | | 11.6% | | | | | | 11.7% | | |
证券化按揭抵押品
|
| |
June 30,
2022 |
| |
Total
Collateral |
| |
December 31,
2021 |
| |
Total
Collateral |
| ||||||||||||
60 – 89 days delinquent
|
| | | $ | 26,057 | | | | | | 1.6% | | | | | $ | 21,086 | | | | | | 1.2% | | |
90 or more days delinquent
|
| | | | 104,335 | | | | | | 6.6 | | | | | | 147,387 | | | | | | 8.2 | | |
Foreclosures(1) | | | | | 99,873 | | | | | | 6.3 | | | | | | 89,181 | | | | | | 5.0 | | |
拖欠破产(2)
|
| | | | 50,053 | | | | | | 3.2 | | | | | | 52,854 | | | | | | 2.9 | | |
REO(3) | | | | | 25,696 | | | | | | 1.6 | | | | | | — | | | | | | — | | |
总计60天或更长时间的拖欠和REO
|
| | | $ | 306,014 | | | | | | 19.3% | | | | | $ | 310,508 | | | | | | 17.3% | | |
Total collateral
|
| | | $ | 1,584,438 | | | | | | 100.0% | | | | | $ | 1,798,079 | | | | | | 100.0% | | |
| | |
June 30,
2022 |
| |
Total
Collateral % |
| |
December 31,
2021 |
| |
Total
Collateral % |
| ||||||||||||
90天或以上的拖欠(包括承兑)、REO、丧失抵押品赎回权和拖欠破产
|
| | | $ | 279,957 | | | | | | 17.7% | | | | | $ | 289,422 | | | | | | 16.1% | | |
NRV内部信托基金拥有的房地产
|
| | | | — | | | | | | — | | | | | | 3,479 | | | | | | 0.2 | | |
不良资产总额
|
| | | $ | 279,957 | | | | | | 17.7% | | | | | $ | 292,901 | | | | | | 16.3% | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
REO
|
| | | $ | — | | | | | $ | 10,335 | | |
Impairment(1) | | | | | — | | | | | | (6,856) | | |
Ending balance
|
| | | $ | — | | | | | $ | 3,479 | | |
REO inside trusts
|
| | | $ | — | | | | | $ | 3,479 | | |
REO outside trusts
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | — | | | | | $ | 3,479 | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Revenues
|
| | | $ | 7,685 | | | | | $ | 31,564 | | | | | $ | (23,879) | | | | | | (76)% | | |
Expenses
|
| | | | (34,023) | | | | | | (40,914) | | | | | | 6,891 | | | | | | 17 | | |
净利息(费用)收入
|
| | | | (1,144) | | | | | | 1,218 | | | | | | (2,362) | | | | | | (194) | | |
长期债务公允价值变动
|
| | | | 3,622 | | | | | | 2,442 | | | | | | 1,180 | | | | | | 48 | | |
信托净资产公允价值变动,包括信托REO损失
|
| | | | 9,248 | | | | | | (3,814) | | | | | | 13,062 | | | | | | 342 | | |
Income tax expense
|
| | | | (39) | | | | | | (43) | | | | | | 4 | | | | | | 9 | | |
Net loss
|
| | | $ | (14,651) | | | | | $ | (9,547) | | | | | $ | (5,104) | | | | | | (53)% | | |
普通股股东可获得的每股亏损 - Basic
|
| | | $ | (0.72) | | | | | $ | (0.45) | | | | | $ | (0.27) | | | | | | (61)% | | |
普通股股东每股亏损 - 稀释后
|
| | | $ | (0.72) | | | | | $ | (0.45) | | | | | $ | (0.27) | | | | | | (61)% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Gain on sale of loans, net
|
| | | $ | 6,134 | | | | | $ | 30,824 | | | | | $ | (24,690) | | | | | | (80)% | | |
Servicing expense, net
|
| | | | (5) | | | | | | (269) | | | | | | 264 | | | | | | 98 | | |
房地产服务费,净额
|
| | | | 442 | | | | | | 688 | | | | | | (246) | | | | | | (36) | | |
抵押贷款偿还权收益,净额
|
| | | | 155 | | | | | | 1 | | | | | | 154 | | | | | | 15400 | | |
Other revenues
|
| | | | 959 | | | | | | 320 | | | | | | 639 | | | | | | 200 | | |
Total revenues
|
| | | $ | 7,685 | | | | | $ | 31,564 | | | | | $ | (23,879) | | | | | | (76)% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
出售抵押贷款偿还权的收益
|
| | | $ | 100 | | | | | $ | — | | | | | $ | 100 | | | | | | 不适用% | | |
Changes in fair value: | | | | | | | | | | | | | | | | | | | | | | | | | |
由于估值市场利率、投入或假设的变化
|
| | | | 131 | | | | | | 39 | | | | | | 92 | | | | | | 236 | | |
公允价值的其他变化:
|
| | | | | | | | | | | | | | | | | | | | | | | | |
预定本金提前还款
|
| | | | (26) | | | | | | (25) | | | | | | (1) | | | | | | (4) | | |
自愿提前还款
|
| | | | (50) | | | | | | (13) | | | | | | (37) | | | | | | (285) | | |
公允价值变动总额
|
| | | $ | 55 | | | | | $ | 1 | | | | | $ | 54 | | | | | | 5400 | | |
抵押贷款偿还权收益,净额
|
| | | $ | 155 | | | | | $ | 1 | | | | | $ | 154 | | | | | | 15400% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Personnel expense
|
| | | $ | 19,945 | | | | | $ | 26,888 | | | | | $ | (6,943) | | | | | | (26)% | | |
一般、行政和其他
|
| | | | 10,458 | | | | | | 11,063 | | | | | | (605) | | | | | | (5) | | |
Business promotion
|
| | | | 3,620 | | | | | | 2,963 | | | | | | 657 | | | | | | 22 | | |
Total expenses
|
| | | $ | 34,023 | | | | | $ | 40,914 | | | | | $ | (6,891) | | | | | | (17)% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||||||||||||||
| | |
2022
|
| |
2021
|
| ||||||||||||||||||||||||||||||
| | |
Average
Balance |
| |
Interest
|
| |
Yield
|
| |
Average
Balance |
| |
Interest
|
| |
Yield
|
| ||||||||||||||||||
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化按揭抵押品
|
| | | $ | 686,343 | | | | | $ | 10,772 | | | | | | 3.14% | | | | | $ | 1,999,048 | | | | | $ | 29,700 | | | | | | 2.97% | | |
待售抵押贷款
|
| | | | 142,989 | | | | | | 3,192 | | | | | | 4.46 | | | | | | 168,589 | | | | | | 2,526 | | | | | | 3.00 | | |
Other(1) | | | | | 51,273 | | | | | | 84 | | | | | | 0.33 | | | | | | 51,983 | | | | | | 5 | | | | | | 0.02 | | |
生息资产总额
|
| | | $ | 880,605 | | | | | $ | 14,048 | | | | | | 3.19% | | | | | $ | 2,219,620 | | | | | $ | 32,231 | | | | | | 2.90% | | |
LIABILITIES | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款借款
|
| | | $ | 676,011 | | | | | $ | 9,575 | | | | | | 2.83% | | | | | $ | 1,987,330 | | | | | $ | 25,394 | | | | | | 2.56% | | |
Warehouse borrowings
|
| | | | 135,151 | | | | | | 2,624 | | | | | | 3.88 | | | | | | 162,638 | | | | | | 2,729 | | | | | | 3.36 | | |
Long-term debt
|
| | | | 43,325 | | | | | | 2,108 | | | | | | 9.73 | | | | | | 44,892 | | | | | | 1,965 | | | | | | 8.75 | | |
Convertible notes
|
| | | | 18,536 | | | | | | 650 | | | | | | 7.01 | | | | | | 20,000 | | | | | | 700 | | | | | | 7.00 | | |
Other(2) | | | | | 13,125 | | | | | | 235 | | | | | | 3.58 | | | | | | 12,663 | | | | | | 225 | | | | | | 3.55 | | |
有息负债总额
|
| | | $ | 886,148 | | | | | $ | 15,192 | | | | | | 3.43% | | | | | $ | 2,227,523 | | | | | $ | 31,013 | | | | | | 2.78% | | |
Net interest spread(3)
|
| | | | | | | | | $ | (1,144) | | | | | | (0.24)% | | | | | | | | | | | $ | 1,218 | | | | | | 0.12% | | |
Net interest margin(4)
|
| | | | | | | | | | | | | | | | (0.26)% | | | | | | | | | | | | | | | | | | 0.11% | | |
| | |
For the Six Months Ended
June 30, |
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
信托净资产公允价值变动,不包括REO
|
| | | $ | 9,248 | | | | | $ | (5,373) | | |
Gains (losses) from REO
|
| | | | — | | | | | | 1,559 | | |
信托净资产公允价值变动,包括信托REO收益(亏损)
|
| | | $ | 9,248 | | | | | $ | (3,814) | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Gain on sale of loans, net
|
| | | $ | 6,134 | | | | | $ | 30,824 | | | | | $ | (24,690) | | | | | | (80)% | | |
Servicing expenses, net
|
| | | | (5) | | | | | | (269) | | | | | | 264 | | | | | | 98 | | |
抵押贷款偿还权收益,净额
|
| | | | 155 | | | | | | 1 | | | | | | 154 | | | | | | 15400 | | |
Total revenues
|
| | | | 6,284 | | | | | | 30,556 | | | | | | (24,272) | | | | | | (79) | | |
Other income (expense)
|
| | | | 652 | | | | | | (175) | | | | | | 827 | | | | | | 473 | | |
Personnel expense
|
| | | | (16,763) | | | | | | (23,662) | | | | | | 6,899 | | | | | | 29 | | |
Business promotion
|
| | | | (3,617) | | | | | | (2,957) | | | | | | (660) | | | | | | (22) | | |
一般、行政和其他
|
| | | | (3,499) | | | | | | (4,898) | | | | | | 1,399 | | | | | | 29 | | |
Loss before income taxes
|
| | | $ | (16,943) | | | | | $ | (1,136) | | | | | $ | (15,807) | | | | | | 1,391% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Other revenue
|
| | | $ | 43 | | | | | $ | 69 | | | | | $ | (26) | | | | | | (38)% | | |
Personnel expense
|
| | | | (50) | | | | | | (55) | | | | | | 5 | | | | | | 9 | | |
一般、行政和其他
|
| | | | (91) | | | | | | (201) | | | | | | 110 | | | | | | 55 | | |
Total expenses
|
| | | | (141) | | | | | | (256) | | | | | | 115 | | | | | | 45 | | |
净利息(费用)收入
|
| | | | (911) | | | | | | 2,341 | | | | | | (3,252) | | | | | | (139) | | |
长期债务公允价值变动
|
| | | | 3,622 | | | | | | 2,442 | | | | | | 1,180 | | | | | | 48 | | |
信托净资产公允价值变动,包括信托REO收益(亏损)
|
| | | | 9,248 | | | | | | (3,814) | | | | | | 13,062 | | | | | | 342 | | |
Total other income
|
| | | | 11,959 | | | | | | 969 | | | | | | 10,990 | | | | | | 1134 | | |
所得税前收益
|
| | | $ | 11,861 | | | | | $ | 782 | | | | | $ | 11,079 | | | | | | 1417% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
房地产服务费,净额
|
| | | $ | 442 | | | | | $ | 688 | | | | | $ | (246) | | | | | | (36)% | | |
Personnel expense
|
| | | | (609) | | | | | | (597) | | | | | | (12) | | | | | | (2) | | |
一般、行政和其他
|
| | | | (109) | | | | | | (128) | | | | | | 19 | | | | | | 15 | | |
Loss before income taxes
|
| | | $ | (276) | | | | | $ | (37) | | | | | $ | (239) | | | | | | (646)% | | |
| | |
For the Six Months Ended June 30,
|
| |||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Interest expense
|
| | | $ | (882) | | | | | $ | (924) | | | | | $ | 42 | | | | | | 5% | | |
Other expenses
|
| | | | (8,372) | | | | | | (8,189) | | | | | | (183) | | | | | | (2) | | |
Loss before income taxes
|
| | | $ | (9,254) | | | | | $ | (9,113) | | | | | $ | (141) | | | | | | (2)% | | |
| | |
截至的三个月
|
| |
For the Year Ended
|
| ||||||||||||||||||||||||
(单位为千,每股数据除外)
|
| |
December 31,
2021 |
| |
September 30,
2021 |
| |
December 31,
2020 |
| |
December 31,
2021 |
| |
December 31,
2020 |
| |||||||||||||||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gain on sale of loans, net
|
| | | $ | 14,861 | | | | | $ | 19,608 | | | | | $ | 21,455 | | | | | $ | 65,294 | | | | | $ | 14,004 | | |
Servicing (expense) fees, net
|
| | | | (39) | | | | | | (124) | | | | | | (131) | | | | | | (432) | | | | | | 3,603 | | |
抵押贷款偿还权收益净额
|
| | | | (68) | | | | | | 101 | | | | | | (1,624) | | | | | | 34 | | | | | | (28,509) | | |
房地产服务费,净额
|
| | | | 212 | | | | | | 244 | | | | | | 294 | | | | | | 1,144 | | | | | | 1,312 | | |
Other
|
| | | | (29) | | | | | | (11) | | | | | | 3 | | | | | | 279 | | | | | | 1,498 | | |
Total revenues, net
|
| | | | 14,937 | | | | | | 19,818 | | | | | | 19,997 | | | | | | 66,319 | | | | | | (8,092) | | |
Expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Personnel expense
|
| | | | 13,204 | | | | | | 12,685 | | | | | | 13,255 | | | | | | 52,778 | | | | | | 52,880 | | |
Business promotion
|
| | | | 2,249 | | | | | | 2,185 | | | | | | 552 | | | | | | 7,395 | | | | | | 3,859 | | |
一般、行政和其他
|
| | | | 5,040 | | | | | | 4,927 | | | | | | 6,116 | | | | | | 21,031 | | | | | | 24,534 | | |
Total expenses
|
| | | | 20,493 | | | | | | 19,797 | | | | | | 19,923 | | | | | | 81,204 | | | | | | 81,273 | | |
Operating (loss) earnings:
|
| | | | (5,556) | | | | | | 21 | | | | | | 74 | | | | | | (14,885) | | | | | | (89,365) | | |
Other income (expense): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net interest income
|
| | | | 403 | | | | | | 777 | | | | | | 708 | | | | | | 2,398 | | | | | | 5,137 | | |
长期债务公允价值变动
|
| | | | 1,459 | | | | | | (1,803) | | | | | | (1,802) | | | | | | 2,098 | | | | | | 1,899 | | |
信托净资产公允价值变动
|
| | | | 7,284 | | | | | | 3,112 | | | | | | (1,092) | | | | | | 6,582 | | | | | | (5,688) | | |
其他收入(费用)合计
|
| | | | 9,146 | | | | | | 2,086 | | | | | | (2,186) | | | | | | 11,078 | | | | | | 1,348 | | |
所得税前收益(亏损)
|
| | | | 3,590 | | | | | | 2,107 | | | | | | (2,112) | | | | | | (3,807) | | | | | | (88,017) | | |
Income tax expense
|
| | | | 8 | | | | | | 21 | | | | | | 78 | | | | | | 71 | | | | | | 133 | | |
Net earnings (loss)
|
| | | $ | 3,582 | | | | | $ | 2,086 | | | | | $ | (2,190) | | | | | $ | (3,878) | | | | | $ | (88,150) | | |
其他综合收益(亏损): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
特定工具信用风险的公允价值变动
|
| | | | (1,148) | | | | | | 631 | | | | | | 505 | | | | | | (2,722) | | | | | | (20) | | |
综合收益(亏损)合计
|
| | | $ | 2,434 | | | | | $ | 2,717 | | | | | $ | (1,685) | | | | | $ | (6,600) | | | | | $ | (88,170) | | |
稀释加权平均普通股
|
| | | | 21,359 | | | | | | 21,345 | | | | | | 21,255 | | | | | | 21,332 | | | | | | 21,251 | | |
稀释后每股收益(亏损)
|
| | | $ | 0.15 | | | | | $ | 0.08 | | | | | $ | (0.10) | | | | | $ | (0.22) | | | | | $ | (4.15) | | |
| | |
For the Three Months Ended
|
| |
For the Year Ended
|
| ||||||||||||||||||||||||
(单位为千,每股数据除外)
|
| |
December 31,
2021 |
| |
September 30,
2021 |
| |
December 31,
2020 |
| |
December 31,
2021 |
| |
December 31,
2020 |
| |||||||||||||||
Net earnings (loss) before tax:
|
| | | $ | 3,590 | | | | | $ | 2,107 | | | | | $ | (2,112) | | | | | $ | (3,807) | | | | | $ | (88,017) | | |
抵押贷款偿还权公允价值变动
|
| | | | (32) | | | | | | (150) | | | | | | 1,621 | | | | | | (221) | | | | | | 24,229 | | |
长期债务公允价值变动
|
| | | | (1,459) | | | | | | 1,803 | | | | | | 1,802 | | | | | | (2,098) | | | | | | (1,899) | | |
信托净资产公允价值变动,包括信托REO
gains |
| | | | (7,284) | | | | | | (3,112) | | | | | | 1,092 | | | | | | (6,582) | | | | | | 5,688 | | |
法律和解和专业费用,用于
遗留问题 |
| | | | — | | | | | | — | | | | | | 750 | | | | | | — | | | | | | 750 | | |
传统公司拥有的人寿保险
|
| | | | 166 | | | | | | 162 | | | | | | 150 | | | | | | 330 | | | | | | 577 | | |
调整后(亏损)税前收益
|
| | | $ | (5,019) | | | | | $ | 810 | | | | | $ | 3,303 | | | | | $ | (12,378) | | | | | $ | (58,672) | | |
稀释加权平均普通股
|
| | | | 21,359 | | | | | | 21,345 | | | | | | 21,255 | | | | | | 21,332 | | | | | | 21,251 | | |
稀释后调整(亏损)每股普通股税前收益
|
| | | $ | (0.23) | | | | | $ | 0.04 | | | | | $ | 0.16 | | | | | $ | (0.58) | | | | | $ | (2.76) | | |
稀释后每股普通股收益(亏损)
|
| | | $ | 0.15 | | | | | $ | 0.08 | | | | | $ | (0.10) | | | | | $ | (0.22) | | | | | $ | (4.15) | | |
Adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income tax benefit
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.01 | | |
优先股累计未申报股息
|
| | | | 0.02 | | | | | | 0.02 | | | | | | — | | | | | | 0.04 | | | | | | — | | |
抵押贷款偿还权公允价值变动
|
| | | | — | | | | | | (0.01) | | | | | | 0.08 | | | | | | (0.01) | | | | | | 1.14 | | |
长期债务公允价值变动
|
| | | | (0.07) | | | | | | 0.08 | | | | | | 0.08 | | | | | | (0.10) | | | | | | (0.09) | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | | (0.34) | | | | | | (0.14) | | | | | | 0.05 | | | | | | (0.31) | | | | | | 0.26 | | |
法律和解和专业费用,用于
legacy matters |
| | | | — | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 0.04 | | |
传统企业拥有的人寿保险
|
| | | | 0.01 | | | | | | 0.01 | | | | | | 0.01 | | | | | | 0.02 | | | | | | 0.03 | | |
稀释后调整(亏损)每股普通股税前收益
|
| | | $ | (0.23) | | | | | $ | 0.04 | | | | | $ | 0.16 | | | | | $ | (0.58) | | | | | $ | (2.76) | | |
| | |
For the year ended December 31,
|
| |||||||||||||||||||||
(in millions)
|
| |
2021
|
| |
%
|
| |
2020
|
| |
%
|
| ||||||||||||
按渠道统计的发货量: | | | | | | | | | | | | | | | | | | | | | | | | | |
Retail
|
| | | $ | 2,318.3 | | | | | | 80% | | | | | $ | 2,477.5 | | | | | | 90% | | |
Wholesale
|
| | | | 585.1 | | | | | | 20 | | | | | | 215.0 | | | | | | 8 | | |
Correspondent
|
| | | | — | | | | | | 0 | | | | | | 54.4 | | | | | | 2 | | |
Total originations
|
| | | $ | 2,903.4 | | | | | | 100% | | | | | $ | 2,746.9 | | | | | | 100% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||
(in millions)
|
| |
2021
|
| |
2020
|
| |
% Change
|
| |||||||||
Conventional
|
| | | $ | 2,096.9 | | | | | $ | 2,401.6 | | | | | | (13)% | | |
NonQM
|
| | | | 683.6 | | | | | | 264.0 | | | | | | 159 | | |
Jumbo
|
| | | | 73.7 | | | | | | 10.7 | | | | | | 589 | | |
Government(1)
|
| | | | 49.2 | | | | | | 70.6 | | | | | | (30) | | |
Total originations
|
| | | $ | 2,903.4 | | | | | $ | 2,746.9 | | | | | | 6% | | |
Weighted average FICO(2)
|
| | | | 759 | | | | | | 762 | | | | | | | | |
Weighted average LTV(3)
|
| | | | 57.7% | | | | | | 60.5% | | | | | | | | |
加权平均票面利率
|
| | | | 3.14% | | | | | | 3.37% | | | | | | | | |
Avg. loan size (in thousands)
|
| | | $ | 362.4 | | | | | $ | 367.9 | | | | | | | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
(in millions)
|
| |
2021
|
| |
%
|
| |
2020
|
| |
%
|
| ||||||||||||
Refinance
|
| | | $ | 2,611.9 | | | | | | 90% | | | | | $ | 2,598.5 | | | | | | 95% | | |
Purchase
|
| | | | 291.5 | | | | | | 10 | | | | | | 148.4 | | | | | | 5 | | |
Total originations
|
| | | $ | 2,903.4 | | | | | | 100% | | | | | $ | 2,746.9 | | | | | | 100% | | |
(in millions)
|
| |
At December 31,
2021 |
| |
% 60+ days
delinquent(1) |
| |
At December 31,
2020 |
| |
% 60+ days
delinquent(1) |
| ||||||||||||
Ginnie Mae
|
| | | $ | 71.8 | | | | | | 0.74% | | | | | $ | 30.5 | | | | | | 2.00% | | |
Freddie Mac
|
| | | | — | | | | | | 0.00 | | | | | | — | | | | | | 0.00 | | |
Fannie Mae
|
| | | | — | | | | | | 0.00 | | | | | | — | | | | | | 0.00 | | |
总服务组合
|
| | | $ | 71.8 | | | | | | 0.74% | | | | | $ | 30.5 | | | | | | 2.00% | | |
Number of loans
|
| | | | 136 | | | | | | | | | | | | 50 | | | | | | | | |
加权平均票面利率
|
| | | | 2.55% | | | | | | | | | | | | 2.61% | | | | | | | | |
Weighted average FICO
|
| | | | 742 | | | | | | | | | | | | 738 | | | | | | | | |
Weighted average LTV
|
| | | | 82.1% | | | | | | | | | | | | 85.0% | | | | | | | | |
平均。投资组合余额(单位:百万)
|
| | | $ | 53.0 | | | | | | | | | | | $ | 1,633.0 | | | | | | | | |
Avg. loan size (in thousands)
|
| | | $ | 528.2 | | | | | | | | | | | $ | 610.5 | | | | | | | | |
(单位为千,每股数据除外)
|
| |
December 31,
2021 |
| |
December 31,
2020 |
| |
$
Change |
| |
%
Change |
| ||||||||||||
ASSETS
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | $ | 29,555 | | | | | $ | 54,150 | | | | | $ | (24,595) | | | | | | (45)% | | |
Restricted cash
|
| | | | 5,657 | | | | | | 5,602 | | | | | | 55 | | | | | | 1 | | |
待售抵押贷款
|
| | | | 308,477 | | | | | | 164,422 | | | | | | 144,055 | | | | | | 88 | | |
抵押偿还权
|
| | | | 749 | | | | | | 339 | | | | | | 410 | | | | | | 121 | | |
证券化抵押贷款信托资产
|
| | | | 1,642,730 | | | | | | 2,103,269 | | | | | | (460,539) | | | | | | (22) | | |
Other assets
|
| | | | 35,603 | | | | | | 41,524 | | | | | | (5,921) | | | | | | (14) | | |
Total assets
|
| | | $ | 2,022,771 | | | | | $ | 2,369,306 | | | | | $ | (346,535) | | | | | | (15)% | | |
LIABILITIES & EQUITY
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Warehouse borrowings
|
| | | $ | 285,539 | | | | | $ | 151,932 | | | | | $ | 133,607 | | | | | | 88% | | |
Convertible notes
|
| | | | 20,000 | | | | | | 20,000 | | | | | | — | | | | | | — | | |
Long-term debt (Par value; $62,000)
|
| | | | 46,536 | | | | | | 44,413 | | | | | | 2,123 | | | | | | 5 | | |
证券化抵押贷款信托负债
|
| | | | 1,614,862 | | | | | | 2,086,557 | | | | | | (471,695) | | | | | | (23) | | |
Repurchase reserve
|
| | | | 4,744 | | | | | | 7,054 | | | | | | (2,310) | | | | | | (33) | | |
Other liabilities
|
| | | | 41,154 | | | | | | 43,699 | | | | | | (2,545) | | | | | | (6) | | |
Total liabilities
|
| | | | 2,012,835 | | | | | | 2,353,655 | | | | | | (340,820) | | | | | | (14) | | |
Total equity
|
| | | | 9,936 | | | | | | 15,651 | | | | | | (5,715) | | | | | | (37) | | |
总负债和股东权益
|
| | | $ | 2,022,771 | | | | | $ | 2,369,306 | | | | | $ | (346,535) | | | | | | (15)% | | |
每股账面和有形账面价值
|
| | | $ | 0.47 | | | | | $ | 0.74 | | | | | $ | (0.27) | | | | | | (37)% | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| |
$
Change |
| |
%
Change |
| ||||||||||||
证券化按揭抵押品
|
| | | $ | 1,639,251 | | | | | $ | 2,100,175 | | | | | $ | (460,924) | | | | | | (22)% | | |
Real estate owned (REO)
|
| | | | 3,479 | | | | | | 3,094 | | | | | | 385 | | | | | | 12 | | |
Total trust assets(1)
|
| | | | 1,642,730 | | | | | | 2,103,269 | | | | | | (460,539) | | | | | | (22) | | |
证券化抵押贷款借款
|
| | | $ | 1,614,862 | | | | | $ | 2,086,557 | | | | | $ | (471,695) | | | | | | (23)% | | |
Total trust liabilities(1)
|
| | | | 1,614,862 | | | | | | 2,086,557 | | | | | | (471,695) | | | | | | (23) | | |
证券化的剩余权益
|
| | | $ | 27,868 | | | | | $ | 16,712 | | | | | $ | 11,156 | | | | | | 67% | | |
| | |
TRUST ASSETS
|
| |
TRUST LIABILITIES
|
| | | | | | | ||||||||||||||||||
| | |
Level 3 Recurring
Fair Value Measurement |
| |
NRV
|
| | | | | | | |
Level 3 Recurring
Fair Securitized Value Measurement |
| | | | | | | |||||||||
| | |
Securitized
mortgage collateral |
| |
Real
estate owned |
| |
Total trust
assets |
| |
Securitized
mortgage borrowings |
| |
Net
trust assets |
| |||||||||||||||
Recorded fair value at December 31, 2020
|
| | | $ | 2,100,175 | | | | | $ | 3,094 | | | | | $ | 2,103,269 | | | | | $ | (2,086,557) | | | | | $ | 16,712 | | |
收益包含的总收益/(亏损): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | (12,162) | | | | | | — | | | | | | (12,162) | | | | | | — | | | | | | (12,162) | | |
Interest expense
|
| | | | — | | | | | | — | | | | | | — | | | | | | (37,090) | | | | | | (37,090) | | |
信托净资产净值变动,不包括
REO(1) |
| | | | 151,759 | | | | | | — | | | | | | 151,759 | | | | | | (145,288) | | | | | | 6,471 | | |
Gains from REO – not at FV but at NRV(2)
|
| | | | — | | | | | | 111 | | | | | | 111 | | | | | | — | | | | | | 111 | | |
收益中包含的总收益(亏损)
|
| | | | 139,597 | | | | | | 111 | | | | | | 139,708 | | | | | | (182,378) | | | | | | (42,670) | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
采购、发行和结算
|
| | | | (600,521) | | | | | | 274 | | | | | | (600,247) | | | | | | 654,073 | | | | | | 53,826 | | |
Recorded fair value at December 31, 2021
|
| | | $ | 1,639,251 | | | | | $ | 3,479 | | | | | $ | 1,642,730 | | | | | $ | (1,614,862) | | | | | $ | 27,868 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
Net trust assets
|
| | | $ | 27,868 | | | | | $ | 16,712 | | |
Total trust assets
|
| | | | 1,642,730 | | | | | | 2,103,269 | | |
信托净资产占信托总资产的百分比
|
| | | | 1.70% | | | | | | 0.79% | | |
| | |
剩余公允价值预估
按年份列出的利息 December 31, 2021 |
| |
剩余公允价值预估
按年份列出的利息 December 31, 2020 |
| ||||||||||||||||||||||||||||||
Origination Year
|
| |
SF
|
| |
MF
|
| |
Total
|
| |
SF
|
| |
MF
|
| |
Total
|
| ||||||||||||||||||
2002 – 2003(1) | | | | $ | 13,167 | | | | | $ | 722 | | | | | $ | 13,889 | | | | | $ | 8,575 | | | | | $ | 524 | | | | | $ | 9,099 | | |
2004
|
| | | | 7,661 | | | | | | 736 | | | | | | 8,397 | | | | | | 2,654 | | | | | | 775 | | | | | | 3,429 | | |
2005
|
| | | | 851 | | | | | | 442 | | | | | | 1,293 | | | | | | 58 | | | | | | 68 | | | | | | 126 | | |
2006
|
| | | | — | | | | | | 4,289 | | | | | | 4,289 | | | | | | — | | | | | | 4,058 | | | | | | 4,058 | | |
Total
|
| | | $ | 21,679 | | | | | $ | 6,189 | | | | | $ | 27,868 | | | | | $ | 11,287 | | | | | $ | 5,425 | | | | | $ | 16,712 | | |
加权平均。预付率
|
| | | | 15.4% | | | | | | 15.3% | | | | | | 15.4% | | | | | | 10.1% | | | | | | 13.3% | | | | | | 10.3% | | |
加权平均。贴现率
|
| | | | 11.8% | | | | | | 11.6% | | | | | | 11.7% | | | | | | 17.4% | | | | | | 18.0% | | | | | | 17.6% | | |
| | |
Estimated Future
Losses(1) |
| |
Investor Yield
Requirement(2) |
| ||||||||||||||||||
| | |
SF
|
| |
MF
|
| |
SF
|
| |
MF
|
| ||||||||||||
2002 – 2003
|
| | | | 5% | | | | | | *%(3) | | | | | | 5% | | | | | | 8% | | |
2004
|
| | | | 8 | | | | | | *(3) | | | | | | 3 | | | | | | 3 | | |
2005
|
| | | | 8 | | | | | | *(3) | | | | | | 2 | | | | | | 3 | | |
2006
|
| | | | 9 | | | | | | *(3) | | | | | | 3 | | | | | | 5 | | |
2007
|
| | | | 3 | | | | | | *(3) | | | | | | 5 | | | | | | 3 | | |
证券化按揭抵押品
|
| |
December 31,
2021 |
| |
Total
Collateral |
| |
December 31,
2020 |
| |
Total
Collateral |
| ||||||||||||
60 – 89 days delinquent
|
| | | $ | 21,086 | | | | | | 1.2% | | | | | $ | 47,483 | | | | | | 1.9% | | |
90 or more days delinquent
|
| | | | 147,387 | | | | | | 8.2 | | | | | | 290,621 | | | | | | 11.8 | | |
Foreclosures(1) | | | | | 89,181 | | | | | | 5.0 | | | | | | 126,802 | | | | | | 5.2 | | |
拖欠破产(2)
|
| | | | 52,854 | | | | | | 2.9 | | | | | | 49,069 | | | | | | 2.0 | | |
累计拖欠天数60天或以上
|
| | | $ | 310,508 | | | | | | 17.3% | | | | | $ | 513,975 | | | | | | 20.9% | | |
Total collateral
|
| | | $ | 1,798,079 | | | | | | 100.0% | | | | | $ | 2,454,657 | | | | | | 100.0% | | |
| | |
December 31,
2021 |
| |
Total
Collateral % |
| |
December 31,
2020 |
| |
Total
Collateral % |
| ||||||||||||
拖欠90天或以上(含承兑汇票),
丧失抵押品赎回权和逾期破产 |
| | | $ | 289,422 | | | | | | 16.1% | | | | | $ | 466,492 | | | | | | 19.0% | | |
信托公司内部和外部拥有的房地产
|
| | | | 3,479 | | | | | | 0.2 | | | | | | 3,173 | | | | | | 0.1 | | |
不良资产总额
|
| | | $ | 292,901 | | | | | | 16.3% | | | | | $ | 469,665 | | | | | | 19.1% | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
REO
|
| | | $ | 10,335 | | | | | $ | 10,140 | | |
Impairment(1) | | | | | (6,856) | | | | | | (6,967) | | |
Ending balance
|
| | | $ | 3,479 | | | | | $ | 3,173 | | |
REO inside trusts
|
| | | $ | 3,479 | | | | | $ | 3,094 | | |
REO outside trusts
|
| | | | — | | | | | | 79 | | |
Total
|
| | | $ | 3,479 | | | | | $ | 3,173 | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Revenues (losses)
|
| | | $ | 66,319 | | | | | $ | (8,092) | | | | | $ | 74,411 | | | | | | 920% | | |
Expenses
|
| | | | (81,204) | | | | | | (81,273) | | | | | | 69 | | | | | | 0 | | |
Net interest income
|
| | | | 2,398 | | | | | | 5,137 | | | | | | (2,739) | | | | | | (53) | | |
长期债务公允价值变动
|
| | | | 2,098 | | | | | | 1,899 | | | | | | 199 | | | | | | 10 | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | | 6,582 | | | | | | (5,688) | | | | | | 12,270 | | | | | | 216 | | |
Income tax expense
|
| | | | (71) | | | | | | (133) | | | | | | 62 | | | | | | 47 | | |
Net loss
|
| | | $ | (3,878) | | | | | $ | (88,150) | | | | | $ | 84,272 | | | | | | 96% | | |
普通股股东可获得的每股亏损 - Basic
|
| | | $ | (0.22) | | | | | $ | (4.15) | | | | | $ | 3.93 | | | | | | 95% | | |
普通股股东每股亏损 - 稀释后
|
| | | $ | (0.22) | | | | | $ | (4.15) | | | | | $ | 3.93 | | | | | | 95% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Gain on sale of loans, net
|
| | | $ | 65,294 | | | | | $ | 14,004 | | | | | $ | 51,290 | | | | | | 366% | | |
服务(费用)费用,净额
|
| | | | (432) | | | | | | 3,603 | | | | | | (4,035) | | | | | | (112) | | |
房地产服务费,净额
|
| | | | 1,144 | | | | | | 1,312 | | | | | | (168) | | | | | | (13) | | |
抵押贷款偿还权收益(损失),净额
|
| | | | 34 | | | | | | (28,509) | | | | | | 28,543 | | | | | | 100 | | |
Other revenues
|
| | | | 279 | | | | | | 1,498 | | | | | | (1,219) | | | | | | (81) | | |
Total revenues (losses)
|
| | | $ | 66,319 | | | | | $ | (8,092) | | | | | $ | 74,411 | | | | | | 920% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
出售抵押贷款服务权的收益(亏损)
|
| | | $ | 160 | | | | | $ | (6,547) | | | | | $ | 6,707 | | | | | | 102% | | |
Changes in fair value: | | | | | | | | | | | | | | | | | | | | | | | | | |
由于估值市场利率、投入或假设的变化
|
| | | | 61 | | | | | | (17,682) | | | | | | 17,743 | | | | | | 100 | | |
公允价值的其他变化:
|
| | | | | | | | | | | | | | | | | | | | | | | | |
预定本金提前还款
|
| | | | (48) | | | | | | (500) | | | | | | 452 | | | | | | 90 | | |
自愿提前还款
|
| | | | (139) | | | | | | (3,780) | | | | | | 3,641 | | | | | | 96 | | |
公允价值变动总额
|
| | | $ | (126) | | | | | $ | (21,962) | | | | | $ | 21,836 | | | | | | 99 | | |
抵押贷款偿还权收益(损失),净额
|
| | | $ | 34 | | | | | $ | (28,509) | | | | | $ | 28,543 | | | | | | 100% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Personnel expense
|
| | | $ | 52,778 | | | | | $ | 52,880 | | | | | $ | (102) | | | | | | (0)% | | |
一般、行政和其他
|
| | | | 21,031 | | | | | | 24,534 | | | | | | (3,503) | | | | | | (14) | | |
Business promotion
|
| | | | 7,395 | | | | | | 3,859 | | | | | | 3,536 | | | | | | 92 | | |
Total expenses
|
| | | $ | 81,204 | | | | | $ | 81,273 | | | | | $ | (69) | | | | | | (0)% | | |
| | |
For the Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Interest income
|
| | | $ | 65,666 | | | | | $ | 118,908 | | |
Interest expense
|
| | | | (63,268) | | | | | | (113,771) | | |
Net interest income
|
| | | | 2,398 | | | | | | 5,137 | | |
长期债务公允价值变动
|
| | | | 2,098 | | | | | | 1,899 | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | | 6,582 | | | | | | (5,688) | | |
Total other income
|
| | | $ | 11,078 | | | | | $ | 1,348 | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| ||||||||||||||||||||||||||||||
| | |
Average
Balance |
| |
Interest
|
| |
Yield
|
| |
Average
Balance |
| |
Interest
|
| |
Yield
|
| ||||||||||||||||||
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化按揭抵押品
|
| | | $ | 1,872,153 | | | | | $ | 59,022 | | | | | | 3.15% | | | | | $ | 2,281,574 | | | | | $ | 106,959 | | | | | | 4.69% | | |
待售抵押贷款
|
| | | | 199,796 | | | | | | 6,634 | | | | | | 3.32 | | | | | | 275,874 | | | | | | 11,837 | | | | | | 4.29 | | |
Other
|
| | | | 44,376 | | | | | | 10 | | | | | | 0.02 | | | | | | 51,243 | | | | | | 112 | | | | | | 0.22 | | |
生息资产总额
|
| | | $ | 2,116,325 | | | | | $ | 65,666 | | | | | | 3.10% | | | | | $ | 2,608,691 | | | | | $ | 118,908 | | | | | | 4.56% | | |
LIABILITIES | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款借款
|
| | | $ | 1,856,869 | | | | | $ | 50,897 | | | | | | 2.74% | | | | | $ | 2,269,727 | | | | | $ | 98,030 | | | | | | 4.32% | | |
Warehouse borrowings
|
| | | | 191,794 | | | | | | 6,543 | | | | | | 3.41 | | | | | | 252,565 | | | | | | 9,444 | | | | | | 3.74 | | |
MSR融资便利
|
| | | | — | | | | | | — | | | | | | — | | | | | | 3,014 | | | | | | 119 | | | | | | 3.95 | | |
Long-term debt
|
| | | | 45,534 | | | | | | 3,965 | | | | | | 8.71 | | | | | | 42,825 | | | | | | 3,797 | | | | | | 8.87 | | |
Convertible notes
|
| | | | 20,000 | | | | | | 1,404 | | | | | | 7.02 | | | | | | 24,241 | | | | | | 1,982 | | | | | | 8.18 | | |
Other
|
| | | | 12,779 | | | | | | 459 | | | | | | 3.59 | | | | | | 8,942 | | | | | | 399 | | | | | | 4.46 | | |
有息负债总额
|
| | | $ | 2,126,976 | | | | | $ | 63,268 | | | | | | 2.97% | | | | | $ | 2,601,314 | | | | | $ | 113,771 | | | | | | 4.37% | | |
Net interest spread(1)
|
| | | | | | | | | $ | 2,398 | | | | | | 0.13% | | | | | | | | | | | $ | 5,137 | | | | | | 0.19% | | |
Net interest margin(2)
|
| | | | | | | | | | | | | | | | 0.11% | | | | | | | | | | | | | | | | | | 0.20% | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
信托净资产公允价值变动,不包括REO
|
| | | $ | 6,471 | | | | | $ | (13,081) | | |
Gains from REO
|
| | | | 111 | | | | | | 7,393 | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | $ | 6,582 | | | | | $ | (5,688) | | |
Tax Year Established
|
| |
Amount
|
| |
Expiration Date
|
| |||
12/31/2007
|
| | | $ | 166.9 | | | |
12/31/2027
|
|
12/31/2008
|
| | | | 3.6 | | | |
12/31/2028
|
|
12/31/2009
|
| | | | 101.6 | | | |
12/31/2029
|
|
12/31/2010
|
| | | | 89.7 | | | |
12/31/2030
|
|
12/31/2011
|
| | | | 44.1 | | | |
12/31/2031
|
|
12/31/2012
|
| | | | — | | | |
12/31/2032
|
|
12/31/2013
|
| | | | 28.5 | | | |
12/31/2033
|
|
12/31/2014
|
| | | | — | | | |
12/31/2034
|
|
12/31/2015
|
| | | | 30.5 | | | |
12/31/2035
|
|
12/31/2016
|
| | | | 55.0 | | | |
12/31/2036
|
|
12/31/2017
|
| | | | 37.7 | | | |
12/31/2037
|
|
12/31/2018
|
| | | | — | | | |
n/a
|
|
12/31/2019
|
| | | | 3.3 | | | |
n/a
|
|
12/31/2020
|
| | | | 47.8 | | | |
n/a
|
|
12/31/2021(1) | | | | | 14.8 | | | |
n/a
|
|
Total Federal NOLs
|
| | | $ | 623.5 | | | | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Gain on sale of loans, net
|
| | | $ | 65,294 | | | | | $ | 14,004 | | | | | $ | 51,290 | | | | | | 366% | | |
服务(费用)费用,净额
|
| | | | (432) | | | | | | 3,603 | | | | | | (4,035) | | | | | | (112) | | |
抵押贷款偿还权收益(损失),净额
|
| | | | 34 | | | | | | (28,509) | | | | | | 28,543 | | | | | | 100 | | |
Total revenues (expenses)
|
| | | | 64,896 | | | | | | (10,902) | | | | | | 75,798 | | | | | | 695 | | |
Other income
|
| | | | 122 | | | | | | 2,501 | | | | | | (2,379) | | | | | | (95) | | |
Personnel expense
|
| | | | (46,656) | | | | | | (46,445) | | | | | | (211) | | | | | | (0) | | |
Business promotion
|
| | | | (7,386) | | | | | | (3,845) | | | | | | (3,541) | | | | | | (92) | | |
一般、行政和其他
|
| | | | (8,563) | | | | | | (10,579) | | | | | | 2,016 | | | | | | 19 | | |
所得税前收益(亏损)
|
| | | $ | 2,413 | | | | | $ | (69,270) | | | | | $ | 71,683 | | | | | | 103% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Other revenue
|
| | | $ | 110 | | | | | $ | 143 | | | | | $ | (33) | | | | | | (23)% | | |
Personnel expense
|
| | | | (108) | | | | | | (131) | | | | | | 23 | | | | | | 18 | | |
一般、行政和其他
|
| | | | (670) | | | | | | (502) | | | | | | (168) | | | | | | (33) | | |
Total expenses
|
| | | | (778) | | | | | | (633) | | | | | | (145) | | | | | | (23) | | |
Net interest income
|
| | | | 4,160 | | | | | | 5,133 | | | | | | (973) | | | | | | (19) | | |
长期债务公允价值变动
|
| | | | 2,098 | | | | | | 1,899 | | | | | | 199 | | | | | | 10 | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | | 6,582 | | | | | | (5,688) | | | | | | 12,270 | | | | | | 216 | | |
Total other income
|
| | | | 12,840 | | | | | | 1,344 | | | | | | 11,496 | | | | | | 855 | | |
所得税前收益
|
| | | $ | 12,172 | | | | | $ | 854 | | | | | $ | 11,318 | | | | | | 1325% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
房地产服务费,净额
|
| | | $ | 1,144 | | | | | $ | 1,312 | | | | | $ | (168) | | | | | | (13)% | | |
Personnel expense
|
| | | | (1,170) | | | | | | (1,151) | | | | | | (19) | | | | | | (2) | | |
一般、行政和其他
|
| | | | (239) | | | | | | (334) | | | | | | 95 | | | | | | 28 | | |
Loss before income taxes
|
| | | $ | (265) | | | | | $ | (173) | | | | | $ | (92) | | | | | | (53)% | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
$
Change |
| |
%
Change |
| ||||||||||||
Interest expense
|
| | | $ | (1,860) | | | | | $ | (2,362) | | | | | $ | 502 | | | | | | 21% | | |
Other expenses
|
| | | | (16,267) | | | | | | (17,066) | | | | | | 799 | | | | | | 5 | | |
Loss before income taxes
|
| | | $ | (18,127) | | | | | $ | (19,428) | | | | | $ | 1,301 | | | | | | 7% | | |
| | |
For the year ended December 31,
|
| |||||||||||||||||||||
(in millions)
|
| |
2021
|
| |
%
|
| |
2020
|
| |
%
|
| ||||||||||||
按渠道统计的发货量: | | | | | | | | | | | | | | | | | | | | | | | | | |
Retail
|
| | | $ | 2,318.3 | | | | | | 80% | | | | | $ | 2,477.5 | | | | | | 90% | | |
Wholesale
|
| | | | 585.1 | | | | | | 20 | | | | | | 215.0 | | | | | | 8 | | |
Correspondent
|
| | | | — | | | | | | 0 | | | | | | 54.4 | | | | | | 2 | | |
Total originations
|
| | | $ | 2,903.4 | | | | | | 100% | | | | | $ | 2,746.9 | | | | | | 100% | | |
| | |
For the year ended December 31,
|
| |||||||||
(in millions)
|
| |
2021
|
| |
2020
|
| ||||||
按贷款类型划分的发放量: | | | | | | | | | | | | | |
Conventional
|
| | | $ | 2,096.9 | | | | | $ | 2,401.6 | | |
NonQM
|
| | | | 683.6 | | | | | | 264.0 | | |
Jumbo
|
| | | | 73.7 | | | | | | 10.7 | | |
Government
|
| | | | 49.2 | | | | | | 70.6 | | |
Total originations
|
| | | $ | 2,903.4 | | | | | $ | 2,746.9 | | |
| | |
For the year ended
December 31, |
| |||||||||
(in millions)
|
| |
2021
|
| |
2020
|
| ||||||
Ginnie Mae
|
| | | $ | 52.2 | | | | | $ | 92.2 | | |
Freddie Mac
|
| | | | — | | | | | | 131.5 | | |
Fannie Mae
|
| | | | — | | | | | | — | | |
维修保留额合计
|
| | | | 52.2 | | | | | | 223.7 | | |
其他(已发布维修)
|
| | | | 2,707.5 | | | | | | 3,095.7 | | |
Total loan sales
|
| | | $ | 2,759.7 | | | | | $ | 3,319.4 | | |
NAME
|
| |
AGE
|
| |
POSITION
|
|
乔治·A·曼吉亚拉西纳 | | |
58
|
| |
首席执行官兼董事会主席
|
|
Frank P. Filipps | | |
75
|
| | Director | |
Katherine J. Blair | | |
52
|
| | Director | |
Joseph A. Piscina | | |
62
|
| | Director | |
Obi O. Nwokorie | | |
56
|
| | 首席投资官 | |
NAME
|
| |
AGE
|
| |
POSITION
|
|
Tiffany M. Entsminger | | |
39
|
| | 首席运营官 | |
Joseph O. Joffrion | | |
53
|
| | 总法律顾问高级副总裁 | |
Justin R. Moisio | | |
40
|
| | 首席行政官兼公司秘书 | |
Name of Beneficial Owner(1)
|
| |
Number of Shares
Beneficially Owned |
| |
Percentage of Shares
Beneficially Owned |
| ||||||
5%的股东(董事除外) | | | | | | | | | | | | | |
Richard H. Pickup(2)
|
| | | | 6,663,120 | | | | | | 30.4% | | |
Todd M. Pickup(3)
|
| | | | 2,855,367 | | | | | | 13.1% | | |
被任命的高管和董事 | | | | | | | | | | | | | |
George A. Mangiaracina(4)
|
| | | | 437,368 | | | | | | 2.0 | | |
Tiffany M. Entsminger(4)
|
| | | | 30,376 | | | | | | * | | |
Justin R. Moisio(4)
|
| | | | 40,674 | | | | | | * | | |
Katherine J. Blair(4)
|
| | | | 16,667 | | | | | | * | | |
Frank P. Filipps(4)
|
| | | | 87,477 | | | | | | * | | |
Joseph A. Piscina(4)
|
| | | | — | | | | | | * | | |
Obi O. Nwokorie(4)
|
| | | | — | | | | | | * | | |
Joseph O. Joffrion
|
| | | | — | | | | | | * | | |
董事和现任高管作为一个群体
(8 persons)(4) |
| | | | 612,562 | | | | | | 2.8% | | |
| | |
Beneficial Ownership of
Series B Preferred Stock |
| |||||||||
Name of Beneficial Owner
|
| |
Shares
|
| |
Percent
|
| ||||||
Camac Fund LP
|
| | | | 246,110 | | | | | | 37% | | |
| | |
Beneficial Ownership of
Series C Preferred Stock |
| |||||||||
Name of Beneficial Owner
|
| |
Shares
|
| |
Percent
|
| ||||||
Dennis Hesse
|
| | | | 275,170 | | | | | | 19.6% | | |
Joseph Waske
|
| | | | 180,018 | | | | | | 12.8% | | |
David P. Sims
|
| | | | 126,298 | | | | | | 9.0% | | |
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($)(1) |
| |
Total
($) |
| ||||||||||||
Katherine J. Blair
|
| | | $ | 120,000 | | | | | | 65,800 | | | | | | — | | | | | $ | 185,800 | | |
Frank P. Filipps
|
| | | $ | 120,000 | | | | | | 65,800 | | | | | | — | | | | | $ | 185,800 | | |
Stewart B. Koenigsberg
|
| | | $ | 120,000 | | | | | | 65,800 | | | | | | — | | | | | $ | 185,800 | | |
Joseph A. Piscina(2)
|
| | | $ | 21,667 | | | | | | — | | | | | | — | | | | | $ | 21,667 | | |
Name
|
| |
Option Awards:
Number of Securities Underlying Options (#) |
| |
股票奖励:证券数量
Underlying Stock Awards (#) |
| ||||||
Katherine J. Blair
|
| | | | — | | | | | | 30,000 | | |
Frank P. Filipps
|
| | | | 27,500 | | | | | | 74,500 | | |
Stewart B. Koenigsberg
|
| | | | — | | | | | | 50,000 | | |
Joseph A. Piscina
|
| | | | — | | | | | | — | | |
姓名和主要职务
|
| |
Year
|
| |
Salary
($)(1) |
| |
Bonus
($) |
| |
Stock
Awards($)(2) |
| |
Option
Awards ($)(2) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
All Other
Compensation ($)(3) |
| |
Total
($) |
| ||||||||||||||||||||||||
George A. Mangiaracina
首席执行官兼董事长 |
| | | | 2021 | | | | | | 750,000 | | | | | | 750,000 | | | | | | 332,803 | | | | | | — | | | | | | — | | | | | | 9,975 | | | | | | 1,842,778 | | |
| | | 2020 | | | | | | 750,000 | | | | | | 400,000 | | | | | | 750,000(4) | | | | | | — | | | | | | — | | | | | | 9,975 | | | | | | 1,909,976 | | | ||
| | | 2019 | | | | | | 750,000 | | | | | | — | | | | | | 187,500 | | | | | | 369,800 | | | | | | 750,000 | | | | | | 5,758 | | | | | | 2,063,058 | | | ||
Tiffany M. Entsminger
首席运营官 |
| | | | 2021 | | | | | | 400,000 | | | | | | 275,000(5) | | | | | | 51,110 | | | | | | 15,223 | | | | | | — | | | | | | 9,975 | | | | | | 751,308 | | |
| | | 2020 | | | | | | 400,000 | | | | | | 161,250 | | | | | | 37,500 | | | | | | — | | | | | | — | | | | | | 9,975 | | | | | | 608,726 | | | ||
Justin R. Moisio
首席行政官 |
| | | | 2021 | | | | | | 360,000 | | | | | | 250,000(6) | | | | | | 46,356 | | | | | | 13,808 | | | | | | — | | | | | | 9,975 | | | | | | 680,139 | | |
| | | 2020 | | | | | | 312,500 | | | | | | 146,250 | | | | | | 37,500 | | | | | | — | | | | | | — | | | | | | 9,975 | | | | | | 468,725 | | |
| | | | | | | | |
OPTION AWARDS
|
| | | | | | | |
STOCK AWARDS
|
| ||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable(1) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Equity
incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)(1) |
| |
Equity
incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) |
| ||||||||||||||||||
George A. Mangiaracina
|
| | | | 35,000 | | | | | | — | | | | | | 10.00 | | | | | | 2/25/2025 | | | | | | 16,666 | | | | | $ | 18,499 | | |
| | | 25,000 | | | | | | — | | | | | | 20.50 | | | | | | 7/21/2025 | | | | | | 93,598 | | | | | $ | 103,894 | | | ||
| | | 25,000 | | | | | | — | | | | | | 17.40 | | | | | | 7/19/2026 | | | | | | 101,156 | | | | | $ | 112,283 | | | ||
| | | 24,000 | | | | | | — | | | | | | 13.72 | | | | | | 8/30/2027 | | | | | | | | | | | | | | | ||
| | | 133,334 | | | | | | 66,666 | | | | | | 3.75 | | | | | | 2/26/2029 | | | | | | | | | | | | | | | ||
Tiffany M. Entsminger
|
| | | | 10,000 | | | | | | — | | | | | | 9.85 | | | | | | 7/17/2028 | | | | | | 4,680 | | | | | $ | 5,195 | | |
| | | 6,667 | | | | | | 3,333 | | | | | | 3.59 | | | | | | 2/21/2029 | | | | | | 15,535 | | | | | $ | 17,244 | | | ||
| | | — | | | | | | 7,767 | | | | | | 3.29 | | | | | | 2/17/2031 | | | | | | | | | | | | | | | ||
Justin R. Moisio
|
| | | | 1,000 | | | | | | — | | | | | | 10.65 | | | | | | 7/23/2023 | | | | | | 4,680 | | | | | $ | 7,792 | | |
| | | 1,666 | | | | | | — | | | | | | 5.39 | | | | | | 7/22/2024 | | | | | | 14,090 | | | | | $ | 15,640 | | | ||
| | | 5,000 | | | | | | — | | | | | | 20.5 | | | | | | 7/21/2025 | | | | | | | | | | | | | | | ||
| | | 4,000 | | | | | | — | | | | | | 17.4 | | | | | | 7/19/2026 | | | | | | | | | | | | | | | ||
| | | 4,000 | | | | | | — | | | | | | 13.72 | | | | | | 8/30/2027 | | | | | | | | | | | | | | | ||
| | | 6,667 | | | | | | 3,333 | | | | | | 3.59 | | | | | | 2/21/2029 | | | | | | | | | | | | | | | ||
| | | — | | | | | | 7,045 | | | | | | 3.29 | | | | | | 2/21/2031 | | | | | | | | | | | | | | |
Plan Category
|
| |
(a)
Number of securities to be issued upon exercise of outstanding options, warrants and rights |
| |
(b)
Weighted- average exercise price of outstanding options, warrants and rights |
| |
(c)
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
证券持有人批准的股权补偿计划
|
| | | | 1,022,557 | | | | | $ | 6.35 | | | | | | 1,477,760 | | |
股权补偿计划未经证券持有人批准
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 1,022,557 | | | | | | 6.35 | | | | | | 1,477,760 | | |
| 经审计的合并财务报表 | | | | | | | |
|
独立注册会计师事务所报告
|
| | | | F-2 | | |
|
Consolidated Balance Sheets – December 31, 2021 and 2020
|
| | | | F-4 | | |
|
截至2021年12月31日的合并经营报表和全面亏损 - 年度
and 2020 |
| | | | F-5 | | |
|
截至2021年12月31日和2020年12月31日的股东权益 - 年度合并变动表
|
| | | | F-6 | | |
|
截至2021年12月31日和2020年12月31日的 - 年度现金流量合并报表
|
| | | | F-7 | | |
|
合并财务报表附注
|
| | | | F-8 | | |
| 未经审计的中期合并财务报表 | | | | | | | |
|
合并资产负债表 - 2022年6月30日和2021年12月31日
|
| | | | F-46 | | |
|
截至2022年6月30日和2021年6月30日的三个月和六个月的综合经营报表和全面亏损 -
|
| | | | F-47 | | |
|
截至2022年6月30日和2021年6月30日的股东权益 - 三个月和六个月合并变动表
|
| | | | F-48 | | |
|
截至2022年6月30日和2021年6月30日的6个月现金流量表 - 合并报表
|
| | | | F-49 | | |
|
合并财务报表附注
|
| | | | F-50 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
ASSETS
|
| | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 29,555 | | | | | $ | 54,150 | | |
Restricted cash
|
| | | | 5,657 | | | | | | 5,602 | | |
待售抵押贷款
|
| | | | 308,477 | | | | | | 164,422 | | |
抵押偿还权
|
| | | | 749 | | | | | | 339 | | |
证券化抵押贷款信托资产
|
| | | | 1,642,730 | | | | | | 2,103,269 | | |
Other assets
|
| | | | 35,603 | | | | | | 41,524 | | |
Total assets
|
| | | $ | 2,022,771 | | | | | $ | 2,369,306 | | |
LIABILITIES
|
| | | | | | | | | | | | |
Warehouse borrowings
|
| | | $ | 285,539 | | | | | $ | 151,932 | | |
Convertible notes, net
|
| | | | 20,000 | | | | | | 20,000 | | |
Long-term debt
|
| | | | 46,536 | | | | | | 44,413 | | |
证券化抵押贷款信托负债
|
| | | | 1,614,862 | | | | | | 2,086,557 | | |
Other liabilities
|
| | | | 45,898 | | | | | | 50,753 | | |
Total liabilities
|
| | | | 2,012,835 | | | | | | 2,353,655 | | |
承付款和或有事项(见附注13) | | | | | | | | | | | | | |
STOCKHOLDERS’ EQUITY
|
| | | | | | | | | | | | |
A-1系列初级参与优先股,面值0.01美元;授权发行2500,000股;未发行或未发行
|
| | | | — | | | | | | — | | |
B系列9.375%可赎回优先股,面值0.01美元;清算价值
$35,750; 2,000,000 shares authorized, 665,592 cumulative shares issued and outstanding as of December 31, 2021 and December 31, 2020 (See Note 8) |
| | | | 7 | | | | | | 7 | | |
C系列9.125%可赎回优先股,面值0.01美元;清算价值
$35,127; 5,500,000 shares authorized; 1,405,086 cumulative shares issued 截至2021年12月31日和2020年12月31日的未偿还金额 (See Note 8) |
| | | | 14 | | | | | | 14 | | |
Common stock, $0.01 par value; 200,000,000 shares authorized; 21,332,684
和21,238,191股已发行和流通股,截至2021年12月31日和 December 31, 2020, respectively |
| | | | 213 | | | | | | 212 | | |
新增实收资本
|
| | | | 1,237,986 | | | | | | 1,237,102 | | |
累计其他综合收益,税后净额
|
| | | | 22,044 | | | | | | 24,766 | | |
累计赤字总额: | | | | | | | | | | | | | |
宣布的累计股息
|
| | | | (822,520) | | | | | | (822,520) | | |
Accumulated deficit
|
| | | | (427,808) | | | | | | (423,930) | | |
累计赤字总额
|
| | | | (1,250,328) | | | | | | (1,246,450) | | |
股东权益总额
|
| | | | 9,936 | | | | | | 15,651 | | |
总负债和股东权益
|
| | | $ | 2,022,771 | | | | | $ | 2,369,306 | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Revenues | | | | | | | | | | | | | |
Gain on sale of loans, net
|
| | | $ | 65,294 | | | | | $ | 14,004 | | |
房地产服务费,净额
|
| | | | 1,144 | | | | | | 1,312 | | |
抵押贷款偿还权收益(损失),净额
|
| | | | 34 | | | | | | (28,509) | | |
Servicing (expense) fees, net
|
| | | | (432) | | | | | | 3,603 | | |
Other
|
| | | | 279 | | | | | | 1,498 | | |
Total revenues, net
|
| | | | 66,319 | | | | | | (8,092) | | |
Expenses | | | | | | | | | | | | | |
Personnel
|
| | | | 52,778 | | | | | | 52,880 | | |
一般、行政和其他
|
| | | | 21,031 | | | | | | 24,534 | | |
Business promotion
|
| | | | 7,395 | | | | | | 3,859 | | |
Total expenses
|
| | | | 81,204 | | | | | | 81,273 | | |
Operating loss
|
| | | | (14,885) | | | | | | (89,365) | | |
Other income (expense) | | | | | | | | | | | | | |
Interest income
|
| | | | 65,666 | | | | | | 118,908 | | |
Interest expense
|
| | | | (63,268) | | | | | | (113,771) | | |
长期债务公允价值变动
|
| | | | 2,098 | | | | | | 1,899 | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | | 6,582 | | | | | | (5,688) | | |
Total other income, net
|
| | | | 11,078 | | | | | | 1,348 | | |
Loss before income taxes
|
| | | | (3,807) | | | | | | (88,017) | | |
Income tax expense
|
| | | | 71 | | | | | | 133 | | |
Net loss
|
| | | $ | (3,878) | | | | | $ | (88,150) | | |
其他全面亏损 | | | | | | | | | | | | | |
长期债务特定工具信用风险公允价值变动
|
| | | | (2,722) | | | | | | (20) | | |
全面亏损
|
| | | $ | (6,600) | | | | | $ | (88,170) | | |
Net loss per common share:
|
| | | | | | | | | | | | |
Basic
|
| | | $ | (0.22) | | | | | $ | (4.15) | | |
Diluted
|
| | | $ | (0.22) | | | | | $ | (4.15) | | |
| | |
Preferred
Shares Outstanding |
| |
Preferred
Stock |
| |
Common
Shares Outstanding |
| |
Common
Stock |
| |
Additional
Paid-In Capital |
| |
Cumulative
Dividends Declared |
| |
Accumulated
Deficit |
| |
Accumulated Other
Comprehensive Earnings, net of tax |
| |
Total
Stockholders’ Equity |
| |||||||||||||||||||||||||||
Balance, December 31, 2019
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,255,426 | | | | | $ | 212 | | | | | $ | 1,236,237 | | | | | $ | (822,520) | | | | | $ | (334,499) | | | | | $ | 24,786 | | | | | $ | 104,237 | | |
行使股票期权的收益
|
| | | | — | | | | | | — | | | | | | 9,500 | | | | | | — | | | | | | 46 | | | | | | — | | | | | | — | | | | | | — | | | | | | 46 | | |
基于股票的薪酬
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 702 | | | | | | — | | | | | | — | | | | | | — | | | | | | 702 | | |
限售股退役
|
| | | | — | | | | | | — | | | | | | (35,069) | | | | | | — | | | | | | (125) | | | | | | — | | | | | | — | | | | | | — | | | | | | (125) | | |
Issuance of restricted
stock units |
| | | | — | | | | | | — | | | | | | 8,334 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
发行与债务相关的权证
financing |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 242 | | | | | | — | | | | | | — | | | | | | — | | | | | | 242 | | |
其他全面亏损
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (20) | | | | | | (20) | | |
合并公司所有的人寿保险信托基金
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1,281) | | | | | | — | | | | | | (1,281) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (88,150) | | | | | | — | | | | | | (88,150) | | |
Balance, December 31, 2020
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,238,191 | | | | | $ | 212 | | | | | $ | 1,237,102 | | | | | $ | (822,520) | | | | | $ | (423,930) | | | | | $ | 24,766 | | | | | $ | 15,651 | | |
Issuance of restricted
stock units |
| | | | — | | | | | | — | | | | | | 94,493 | | | | | | 1 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1 | | |
基于股票的薪酬
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 884 | | | | | | — | | | | | | — | | | | | | — | | | | | | 884 | | |
其他全面亏损
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,722) | | | | | | (2,722) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (3,878) | | | | | | — | | | | | | (3,878) | | |
Balance, December 31, 2021
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,332,684 | | | | | $ | 213 | | | | | $ | 1,237,986 | | | | | $ | (822,520) | | | | | $ | (427,808) | | | | | $ | 22,044 | | | | | $ | 9,936 | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
经营活动的现金流 | | | | | | | | | | | | | |
Net loss
|
| | | $ | (3,878) | | | | | $ | (88,150) | | |
出售抵押贷款维护权(收益)亏损
|
| | | | (160) | | | | | | 6,547 | | |
抵押贷款偿还权公允价值变动
|
| | | | 126 | | | | | | 21,962 | | |
出售抵押贷款的收益
|
| | | | (66,086) | | | | | | (35,193) | | |
持有待售按揭贷款公允价值变动
|
| | | | (3,395) | | | | | | 15,955 | | |
衍生工具借贷的公允价值变动,净额
|
| | | | 4,076 | | | | | | 7 | | |
回购拨备变动
|
| | | | 111 | | | | | | 5,227 | | |
持有待售抵押贷款的来源
|
| | | | (2,903,454) | | | | | | (2,746,893) | | |
持有待售抵押贷款的销售和本金减少
|
| | | | 2,828,344 | | | | | | 3,381,758 | | |
Gain from trust REO
|
| | | | (111) | | | | | | (7,393) | | |
信托净资产公允价值变动,不包括信托REO
|
| | | | (6,471) | | | | | | 13,081 | | |
长期债务公允价值变动
|
| | | | (2,098) | | | | | | (1,899) | | |
利息收入和费用的增加
|
| | | | 50,751 | | | | | | 65,524 | | |
债务发行成本摊销和应付票据贴现
|
| | | | — | | | | | | 4 | | |
股票薪酬
|
| | | | 884 | | | | | | 702 | | |
企业债务利息支出增加
|
| | | | — | | | | | | 242 | | |
房屋和设备处置损失
|
| | | | 99 | | | | | | — | | |
其他资产净变动
|
| | | | 2,307 | | | | | | 18,289 | | |
其他负债净变化
|
| | | | (5,559) | | | | | | (15,918) | | |
经营活动提供的现金净额(用于)
|
| | | | (104,514) | | | | | | 633,852 | | |
投资活动产生的现金流 | | | | | | | | | | | | | |
证券化抵押贷款抵押品净变化
|
| | | | 592,545 | | | | | | 425,152 | | |
出售抵押贷款偿还权所得收益
|
| | | | 160 | | | | | | 14,716 | | |
投资于公司所有的人寿保险
|
| | | | (129) | | | | | | (1,183) | | |
购置房舍和设备
|
| | | | (298) | | | | | | (402) | | |
出售信托REO所得收益
|
| | | | 7,703 | | | | | | 21,977 | | |
投资活动提供的现金净额
|
| | | | 599,981 | | | | | | 460,260 | | |
融资活动的现金流 | | | | | | | | | | | | | |
偿还MSR融资
|
| | | | — | | | | | | (15,448) | | |
MSR融资项下的借款
|
| | | | — | | | | | | 15,448 | | |
偿还仓库借款
|
| | | | (2,640,818) | | | | | | (3,200,268) | | |
仓库协议下的借款
|
| | | | 2,774,425 | | | | | | 2,650,637 | | |
证券化抵押贷款的偿还
|
| | | | (654,073) | | | | | | (518,594) | | |
与公司所有的人寿保险相关的负债净变化
|
| | | | 458 | | | | | | 1,812 | | |
偿还可转换票据
|
| | | | — | | | | | | (5,000) | | |
发行限制性股票
|
| | | | 1 | | | | | | — | | |
限售股退役
|
| | | | — | | | | | | (125) | | |
行使股票期权的收益
|
| | | | — | | | | | | 46 | | |
用于融资活动的现金净额
|
| | | | (520,007) | | | | | | (1,071,492) | | |
现金、现金等价物和限制性现金的净变化
|
| | | | (24,540) | | | | | | 22,620 | | |
年初的现金、现金等价物和限制性现金
|
| | | | 59,752 | | | | | | 37,132 | | |
年终现金、现金等价物和限制性现金
|
| | | $ | 35,212 | | | | | $ | 59,752 | | |
补充信息 | | | | | | | | | | | | | |
Interest paid
|
| | | $ | 25,719 | | | | | $ | 50,647 | | |
Taxes (paid) refunded, net
|
| | | | (41) | | | | | | 370 | | |
非现金交易 | | | | | | | | | | | | | |
将证券化抵押贷款转让给信托REO
|
| | | $ | 7,976 | | | | | $ | 10,922 | | |
从发行抵押贷款支持证券和贷款销售中保留的抵押贷款偿还权
|
| | | | 536 | | | | | | 2,094 | | |
确认公司拥有的人寿保险现金退保价值(包括在其他资产中)
|
| | | | — | | | | | | 9,476 | | |
确认公司所有的人寿保险信托(包括在其他负债中)
|
| | | | — | | | | | | 10,757 | | |
Issuance of warrants
|
| | | | — | | | | | | 242 | | |
经营性租赁使用权资产确认
|
| | | | — | | | | | | 125 | | |
经营性租赁负债确认
|
| | | | — | | | | | | 125 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
Government(1) | | | | $ | 6,886 | | | | | $ | 7,924 | | |
Conventional(2) | | | | | 62,759 | | | | | | 141,139 | | |
巨型和不合格抵押贷款(非QM)
|
| | | | 231,142 | | | | | | 11,064 | | |
Fair value adjustment(3)
|
| | | | 7,690 | | | | | | 4,295 | | |
待售抵押贷款总额
|
| | | $ | 308,477 | | | | | $ | 164,422 | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
出售抵押贷款的收益
|
| | | $ | 81,362 | | | | | $ | 59,330 | | |
为留存贷款销售提供服务的溢价
|
| | | | 536 | | | | | | 2,094 | | |
衍生金融工具未实现亏损
|
| | | | (4,076) | | | | | | (7) | | |
衍生金融工具的收益(亏损)
|
| | | | 1,934 | | | | | | (11,040) | | |
LHFS按市价计价收益(亏损)
|
| | | | 3,395 | | | | | | (15,955) | | |
直接发起费用,净额
|
| | | | (17,746) | | | | | | (15,191) | | |
回购拨备变动
|
| | | | (111) | | | | | | (5,227) | | |
Gain on sale of loans, net
|
| | | $ | 65,294 | | | | | $ | 14,004 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
年初余额
|
| | | $ | 339 | | | | | $ | 41,470 | | |
为留存贷款销售提供服务的额外收入
|
| | | | 536 | | | | | | 2,094 | | |
批量销售减少
|
| | | | — | | | | | | (21,263) | | |
Changes in fair value(1)
|
| | | | (126) | | | | | | (21,962) | | |
期末MSR的公允价值
|
| | | $ | 749 | | | | | $ | 339 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
Government insured
|
| | | $ | 71,841 | | | | | $ | 30,524 | | |
Conventional
|
| | | | — | | | | | | — | | |
Total loans serviced
|
| | | $ | 71,841 | | | | | $ | 30,524 | | |
抵押服务权利敏感度分析
|
| |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
Fair value of MSRs
|
| | | $ | 749 | | | | | $ | 339 | | |
Prepayment Speed: | | | | | | | | | | | | | |
公允价值从10%的不利变化中减少
|
| | | | (24) | | | | | | (13) | | |
公允价值从20%的不利变化中减少
|
| | | | (48) | | | | | | (26) | | |
公允价值从30%的不利变化中减少
|
| | | | (70) | | | | | | (38) | | |
Discount Rate: | | | | | | | | | | | | | |
公允价值从10%的不利变化中减少
|
| | | | (31) | | | | | | (13) | | |
公允价值从20%的不利变化中减少
|
| | | | (59) | | | | | | (25) | | |
公允价值从30%的不利变化中减少
|
| | | | (85) | | | | | | (37) | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
抵押贷款偿还权公允价值变动
|
| | | $ | (126) | | | | | $ | (21,962) | | |
出售抵押贷款服务权的收益(亏损)
|
| | | | 160 | | | | | | (6,547) | | |
抵押贷款偿还权收益(损失),净额
|
| | | $ | 34 | | | | | $ | (28,509) | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
合同维修费
|
| | | $ | 193 | | | | | $ | 5,159 | | |
Late and ancillary fees
|
| | | | — | | | | | | 67 | | |
次级服务和其他费用
|
| | | | (625) | | | | | | (1,623) | | |
Servicing (expense) fees, net
|
| | | $ | (432) | | | | | $ | 3,603 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
公司所有的人寿保险(见附注13)
|
| | | $ | 10,788 | | | | | $ | 10,659 | | |
Right of use asset (See Note 13)
|
| | | | 10,209 | | | | | | 13,512 | | |
Accounts receivable, net
|
| | | | 4,770 | | | | | | 3,190 | | |
Prepaid expenses
|
| | | | 3,460 | | | | | | 3,429 | | |
衍生资产 - Lending(见附注7)
|
| | | | 3,111 | | | | | | 7,275 | | |
Other
|
| | | | 1,102 | | | | | | 1,103 | | |
房舍和设备,净额
|
| | | | 636 | | | | | | 930 | | |
应计应收利息
|
| | | | 625 | | | | | | 286 | | |
Servicing advances
|
| | | | 565 | | | | | | 947 | | |
有资格从Ginnie Mae回购的贷款
|
| | | | 337 | | | | | | 114 | | |
房地产拥有 - 外部信托基金
|
| | | | — | | | | | | 79 | | |
Total other assets
|
| | | $ | 35,603 | | | | | $ | 41,524 | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Premises and equipment
|
| | | $ | 6,391 | | | | | $ | 6,230 | | |
减去:累计折旧
|
| | | | (5,755) | | | | | | (5,300) | | |
总房舍和设备,净额
|
| | | $ | 636 | | | | | $ | 930 | | |
| | |
Payments Due by Period
|
| |||||||||||||||||||||||||||
| | |
Total
|
| |
Less Than
One Year |
| |
One to
Three Years |
| |
Three to
Five Years |
| |
More Than
Five Years |
| |||||||||||||||
Warehouse borrowings
|
| | | $ | 285,539 | | | | | $ | 285,539 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Convertible notes
|
| | | | 20,000 | | | | | | 20,000 | | | | | | — | | | | | | — | | | | | | — | | |
Long-term debt
|
| | | | 62,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 62,000 | | |
Total debt obligations
|
| | | $ | 367,539 | | | | | $ | 305,539 | | | | | $ | — | | | | | $ | — | | | | | $ | 62,000 | | |
| | |
Maximum
Borrowing Capacity |
| |
Balance Outstanding at
|
| |
Allowable
Advance Rates (%) |
| |
Rate Range
|
| |
Maturity Date
|
| |||||||||||||||
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||||||||||||||||||||
短期借款: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Repurchase agreement 1(1)
|
| | | $ | 65,000 | | | | | $ | 30,009 | | | | | $ | 49,963 | | | | | | 90 – 98 | | | |
1ML + 2.00 – 2.25%
|
| | March 24, 2022 | |
Repurchase agreement 2
|
| | | | 200,000 | | | | | | 153,006 | | | | | | 51,310 | | | | | | 100 | | | |
1ML + 1.75%
|
| |
September 13, 2022
|
|
Repurchase agreement 3
|
| | | | 300,000 | | | | | | 56,794 | | | | | | 50,659 | | | | | | 100 | | | |
Note Rate – 0.375%
|
| |
September 23, 2022
|
|
Repurchase agreement 4
|
| | | | 50,000 | | | | | | 45,730 | | | | | | — | | | | | | 99 | | | |
Note Rate – 0.50 – 0.75%
|
| | March 31, 2022 | |
Total warehouse
borrowings |
| | | $ | 615,000 | | | | | $ | 285,539 | | | | | $ | 151,932 | | | | | | | | | | | | | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
本年度最大未偿还余额
|
| | | $ | 336,648 | | | | | $ | 810,818 | | |
本年度平均未偿还余额
|
| | | | 191,794 | | | | | | 252,565 | | |
基础抵押品(抵押贷款)的UPB
|
| | | | 296,841 | | | | | | 153,675 | | |
期间加权平均利率
|
| | | | 3.41% | | | | | | 3.74% | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
本年度最大未偿还余额
|
| | | $ | — | | | | | $ | 15,000 | | |
本年度平均未偿还余额
|
| | | | — | | | | | | 2,943 | | |
期间加权平均汇率
|
| | | | —% | | | | | | 3.91% | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
下级附注(1)
|
| | | $ | 62,000 | | | | | $ | 62,000 | | |
Fair value adjustment
|
| | | | (15,464) | | | | | | (17,587) | | |
初级下属票据合计
|
| | | $ | 46,536 | | | | | $ | 44,413 | | |
| | |
December 31,
|
| |
December 31,
|
| ||||||
| | |
2021
|
| |
2020
|
| ||||||
证券化抵押贷款抵押品,按公允价值计算
|
| | | $ | 1,639,251 | | | | | $ | 2,100,175 | | |
REO,按可变现净值(NRV)计算
|
| | | | 3,479 | | | | | | 3,094 | | |
证券化抵押贷款信托资产总额
|
| | | $ | 1,642,730 | | | | | $ | 2,103,269 | | |
| | |
December 31,
|
| |
December 31,
|
| ||||||
| | |
2021
|
| |
2020
|
| ||||||
以住宅房地产为抵押的抵押贷款
|
| | | $ | 1,653,749 | | | | | $ | 2,205,575 | | |
以商业地产为抵押的抵押贷款
|
| | | | 89,801 | | | | | | 170,418 | | |
Fair value adjustment
|
| | | | (104,299) | | | | | | (275,818) | | |
全部证券化抵押贷款抵押品,按公允价值计算
|
| | | $ | 1,639,251 | | | | | $ | 2,100,175 | | |
| | |
December 31,
|
| |
December 31,
|
| ||||||
| | |
2021
|
| |
2020
|
| ||||||
REO
|
| | | $ | 10,335 | | | | | $ | 10,140 | | |
Impairment(1) | | | | | (6,856) | | | | | | (6,967) | | |
Ending balance
|
| | | $ | 3,479 | | | | | $ | 3,173 | | |
REO inside trusts
|
| | | $ | 3,479 | | | | | $ | 3,094 | | |
REO outside trusts
|
| | | | — | | | | | | 79 | | |
Total
|
| | | $ | 3,479 | | | | | $ | 3,173 | | |
| | |
December 31,
|
| |
December 31,
|
| ||||||
| | |
2021
|
| |
2020
|
| ||||||
证券化抵押贷款借款
|
| | | $ | 1,614,862 | | | | | $ | 2,086,557 | | |
| | | | | | | | | | | | | | ||||||||||||||||||||||||
| | |
Original
Issuance Amount |
| |
Securitized
mortgage borrowings outstanding as of December 31, |
| |
Range of Interest Rates (%)
|
| |||||||||||||||||||||||||||
Year of Issuance
|
| |
2021
|
| |
2020
|
| |
Fixed
Interest Rates |
| |
Interest
Rate Margins over One-Month LIBOR(1) |
| |
Interest
Rate Margins after Contractual Call Date(2) |
| |||||||||||||||||||||
2002
|
| | | $ | 3,876.1 | | | | | $ | 2.7 | | | | | $ | 3.4 | | | | | | 5.25 – 12.00 | | | | | | 0.27 – 2.75 | | | | | | 0.54 – 3.68 | | |
2003
|
| | | | 5,966.1 | | | | | | 12.9 | | | | | | 19.1 | | | | | | 4.34 – 12.75 | | | | | | 0.27 – 3.00 | | | | | | 0.54 – 4.50 | | |
2004
|
| | | | 17,710.7 | | | | | | 210.9 | | | | | | 287.3 | | | | | | 3.58 – 5.56 | | | | | | 0.25 – 2.50 | | | | | | 0.50 – 3.75 | | |
2005
|
| | | | 13,387.7 | | | | | | 1,198.2 | | | | | | 1,404.6 | | | | | | — | | | | | | 0.24 – 2.90 | | | | | | 0.48 – 4.35 | | |
2006
|
| | | | 5,971.4 | | | | | | 1,626.0 | | | | | | 1,860.3 | | | | | | 6.25 | | | | | | 0.10 – 2.75 | | | | | | 0.20 – 4.13 | | |
2007
|
| | | | 3,860.5 | | | | | | 882.5 | | | | | | 1,012.5 | | | | | | — | | | | | | 0.06 – 2.00 | | | | | | 0.12 – 3.00 | | |
小计合同本金余额(3)
|
| | | | | | | | | | 3,933.2 | | | | | | 4,587.2 | | | | | | | | | | | | | | | | | | | | |
Fair value adjustment(4)
|
| | | | | | | | | | (2,318.3) | | | | | | (2,500.6) | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款总额
|
| | | | | | | | | $ | 1,614.9 | | | | | $ | 2,086.6 | | | | | | | | | | | | | | | | | | | | |
| | |
Payments Due by Period
|
| |||||||||||||||||||||||||||
| | |
Total
|
| |
Less Than
One Year |
| |
One to
Three Years |
| |
Three to
Five Years |
| |
More Than
Five Years |
| |||||||||||||||
证券化抵押贷款借款(1)
|
| | | $ | 3,933.2 | | | | | $ | 420.8 | | | | | $ | 511.4 | | | | | $ | 296.4 | | | | | $ | 2,704.6 | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
信托净资产公允价值变动,不包括REO
|
| | | $ | 6,471 | | | | | $ | (13,081) | | |
Gains from trust REO
|
| | | | 111 | | | | | | 7,393 | | |
信托净资产公允价值变动,包括信托REO收益
|
| | | $ | 6,582 | | | | | $ | (5,688) | | |
| | | | | | | | | | | | | | |
Total Gains (Losses)
|
| |||||||||
| | |
Notional Amount
|
| |
For the Year Ended
December 31, |
| ||||||||||||||||||
| | |
December 31,
2021 |
| |
December 31,
2020 |
| |
2021
|
| |
2020
|
| ||||||||||||
Derivative – IRLC’s(1) | | | | $ | 255,150 | | | | | $ | 450,913 | | | | | $ | (4,164) | | | | | $ | (516) | | |
Derivative – TBA MBS(1)
|
| | | | 102,000 | | | | | | 45,000 | | | | | | 2,022 | | | | | | (10,531) | | |
衍生 - 远期交割贷款承诺(2)
|
| | | | — | | | | | | 20,000 | | | | | | — | | | | | | — | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||||||||||||||||||||||||||||||||||||||
| | |
Carrying
Amount |
| |
Estimated Fair Value
|
| |
Carrying
Amount |
| |
Estimated Fair Value
|
| ||||||||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 29,555 | | | | | $ | 29,555 | | | | | $ | — | | | | | $ | — | | | | | $ | 54,150 | | | | | $ | 54,150 | | | | | $ | — | | | | | $ | — | | |
Restricted cash
|
| | | | 5,657 | | | | | | 5,657 | | | | | | — | | | | | | — | | | | | | 5,602 | | | | | | 5,602 | | | | | | — | | | | | | — | | |
待售抵押贷款
|
| | | | 308,477 | | | | | | — | | | | | | 308,477 | | | | | | — | | | | | | 164,422 | | | | | | — | | | | | | 164,422 | | | | | | — | | |
抵押偿还权
|
| | | | 749 | | | | | | — | | | | | | — | | | | | | 749 | | | | | | 339 | | | | | | — | | | | | | — | | | | | | 339 | | |
衍生资产,借贷,净额(1)
|
| | | | 3,111 | | | | | | — | | | | | | — | | | | | | 3,111 | | | | | | 7,275 | | | | | | — | | | | | | — | | | | | | 7,275 | | |
证券化按揭抵押品
|
| | | | 1,639,251 | | | | | | — | | | | | | — | | | | | | 1,639,251 | | | | | | 2,100,175 | | | | | | — | | | | | | — | | | | | | 2,100,175 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Warehouse borrowings
|
| | | $ | 285,539 | | | | | $ | — | | | | | $ | 285,539 | | | | | $ | — | | | | | $ | 151,932 | | | | | $ | — | | | | | $ | 151,932 | | | | | $ | — | | |
Convertible notes
|
| | | | 20,000 | | | | | | — | | | | | | — | | | | | | 20,000 | | | | | | 20,000 | | | | | | — | | | | | | — | | | | | | 20,000 | | |
Long-term debt
|
| | | | 46,536 | | | | | | — | | | | | | — | | | | | | 46,536 | | | | | | 44,413 | | | | | | — | | | | | | — | | | | | | 44,413 | | |
证券化抵押贷款借款
|
| | | | 1,614,862 | | | | | | — | | | | | | — | | | | | | 1,614,862 | | | | | | 2,086,557 | | | | | | — | | | | | | — | | | | | | 2,086,557 | | |
衍生负债、贷款、
net(2) |
| | | | 55 | | | | | | — | | | | | | 55 | | | | | | — | | | | | | 143 | | | | | | — | | | | | | 143 | | | | | | — | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
待售抵押贷款
|
| | | $ | — | | | | | $ | 308,477 | | | | | $ | — | | | | | $ | — | | | | | $ | 164,422 | | | | | $ | — | | |
衍生资产,借贷,净额(1)
|
| | | | — | | | | | | — | | | | | | 3,111 | | | | | | — | | | | | | — | | | | | | 7,275 | | |
抵押偿还权
|
| | | | — | | | | | | — | | | | | | 749 | | | | | | — | | | | | | — | | | | | | 339 | | |
证券化按揭抵押品
|
| | | | — | | | | | | — | | | | | | 1,639,251 | | | | | | — | | | | | | — | | | | | | 2,100,175 | | |
按公允价值计算的总资产
|
| | | $ | — | | | | | $ | 308,477 | | | | | $ | 1,643,111 | | | | | $ | — | | | | | $ | 164,422 | | | | | $ | 2,107,789 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款借款
|
| | | $ | — | | | | | $ | — | | | | | $ | 1,614,862 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,086,557 | | |
Long-term debt
|
| | | | — | | | | | | — | | | | | | 46,536 | | | | | | — | | | | | | — | | | | | | 44,413 | | |
衍生负债、贷款、净额(2)
|
| | | | — | | | | | | 55 | | | | | | — | | | | | | — | | | | | | 143 | | | | | | — | | |
按公允价值计算的总负债
|
| | | $ | — | | | | | $ | 55 | | | | | $ | 1,661,398 | | | | | $ | — | | | | | $ | 143 | | | | | $ | 2,130,970 | | |
| | |
第三级经常性公允价值计量
|
| |||||||||||||||||||||||||||
| | |
For the Year Ended December 31, 2021
|
| |||||||||||||||||||||||||||
| | |
Securitized
mortgage collateral |
| |
Securitized
mortgage borrowings |
| |
Mortgage
servicing rights |
| |
Interest
rate lock commitments, net |
| |
Long-
term debt |
| |||||||||||||||
Fair value, December 31, 2020
|
| | | $ | 2,100,175 | | | | | $ | (2,086,557) | | | | | $ | 339 | | | | | $ | 7,275 | | | | | $ | (44,413) | | |
收益中包含的总(亏损)收益: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income(1)
|
| | | | (12,162) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Interest expense(1)
|
| | | | — | | | | | | (37,090) | | | | | | — | | | | | | — | | | | | | (1,499) | | |
Change in fair value
|
| | | | 151,759 | | | | | | (145,288) | | | | | | (126) | | | | | | (4,164) | | | | | | 2,098 | | |
特定工具信用风险的变化
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,722)(2) | | |
包含在
中的总损益
earnings |
| | | | 139,597 | | | | | | (182,378) | | | | | | (126) | | | | | | (4,164) | | | | | | (2,123) | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
购买、发行和结算: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Purchases
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Issuances
|
| | | | — | | | | | | — | | | | | | 536 | | | | | | — | | | | | | — | | |
Settlements
|
| | | | (600,521) | | | | | | 654,073 | | | | | | — | | | | | | — | | | | | | — | | |
Fair value, December 31, 2021
|
| | | $ | 1,639,251 | | | | | $ | (1,614,862) | | | | | $ | 749 | | | | | $ | 3,111 | | | | | $ | (46,536) | | |
未实现(亏损)收益仍持有(3)
|
| | | $ | (104,299) | | | | | $ | 2,318,296 | | | | | $ | 749 | | | | | $ | 3,111 | | | | | $ | 15,464 | | |
| | |
第三级经常性公允价值计量
|
| |||||||||||||||||||||||||||
| | |
For the Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||
| | |
Securitized
mortgage collateral |
| |
Securitized
mortgage borrowings |
| |
Mortgage
servicing rights |
| |
Interest
rate lock commitments, net |
| |
Long-
term debt |
| |||||||||||||||
Fair value, December 31, 2019
|
| | | $ | 2,628,064 | | | | | $ | (2,619,210) | | | | | $ | 41,470 | | | | | $ | 7,791 | | | | | $ | (45,434) | | |
收益中包含的总(亏损)收益: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income(1)
|
| | | | 747 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Interest expense(1)
|
| | | | — | | | | | | (65,421) | | | | | | — | | | | | | — | | | | | | (850) | | |
Change in fair value
|
| | | | (92,562) | | | | | | 79,481 | | | | | | (21,962) | | | | | | (516) | | | | | | 1,899 | | |
特定工具信用风险的变化
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (28)(2) | | |
包含在
中的总(亏损)收益
earnings |
| | | | (91,815) | | | | | | 14,060 | | | | | | (21,962) | | | | | | (516) | | | | | | 1,021 | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
购买、发行和结算: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Purchases
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Issuances
|
| | | | — | | | | | | — | | | | | | 2,094 | | | | | | — | | | | | | — | | |
Settlements
|
| | | | (436,074) | | | | | | 518,593 | | | | | | (21,263) | | | | | | — | | | | | | — | | |
Fair value, December 31, 2020
|
| | | $ | 2,100,175 | | | | | $ | (2,086,557) | | | | | $ | 339 | | | | | $ | 7,275 | | | | | $ | (44,413) | | |
未实现(亏损)收益仍持有(3)
|
| | | $ | (275,818) | | | | | $ | 2,500,674 | | | | | $ | 339 | | | | | $ | 7,275 | | | | | $ | 17,587 | | |
Financial Instrument
|
| |
Estimated
Fair Value |
| |
Valuation
Technique |
| |
Unobservable
Input |
| |
Range of
Inputs |
| |
Weighted
Average |
| |||||||||
以房地产为抵押的资产和负债 | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款抵押品,以及
|
| | | $ | 1,639,251 | | | |
Discounted Cash Flow
|
| |
Prepayment rates
|
| | | | 2.9 – 46.3% | | | | | | 10.7% | | |
证券化抵押贷款借款
|
| | | | (1,614,862) | | | | | | | Default rates | | | | | 0.06 – 4.3% | | | | | | 1.7% | | |
| | | | | | | | | | | | Loss severities | | | | | 0.01 – 97.6% | | | | | | 70.1% | | |
| | | | | | | | | | | | Discount rates | | | | | 2.1 – 13.0% | | | | | | 3.6% | | |
其他资产和负债 | | | | | | | | | | | | | | | | | | | | | | | | | |
抵押偿还权
|
| | | $ | 749 | | | |
Discounted Cash Flow
|
| | Discount rates | | | | | 12.5 – 15.0% | | | | | | 12.8% | | |
| | | | | | | | | | | |
Prepayment rates
|
| | | | 8.01 – 29.1% | | | | | | 10.3% | | |
Derivative assets – IRLCs, net
|
| | | | 3,111 | | | |
Market pricing
|
| |
Pull-through rates
|
| | | | 50.0 – 98.0% | | | | | | 79.0% | | |
Long-term debt
|
| | | | (46,536) | | | |
Discounted Cash Flow
|
| | Discount rates | | | | | 8.6% | | | | | | 8.6% | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||||||||
| | |
计入净收益(亏损)的公允价值变动
|
| |||||||||||||||||||||||||||||||||||||||
| | |
For the Year Ended December 31, 2021
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
Change in Fair Value of
|
| | | | | | | |||||||||||||||||||||
| | |
Interest
Income(1) |
| |
Interest
Expense(1) |
| |
Net Trust
Assets |
| |
Long-term
Debt |
| |
Other Income
and Expense |
| |
Gain (Loss) on Sale
of Loans, net |
| |
Total
|
| |||||||||||||||||||||
证券化按揭抵押品
|
| | | $ | (12,162) | | | | | $ | — | | | | | $ | 151,759 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 139,597 | | |
Securitized mortgage
borrowings |
| | | | — | | | | | | (37,090) | | | | | | (145,288) | | | | | | — | | | | | | — | | | | | | — | | | | | | (182,378) | | |
Long-term debt
|
| | | | — | | | | | | (1,499) | | | | | | — | | | | | | 2,098 | | | | | | — | | | | | | — | | | | | | 599 | | |
抵押偿还权(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (126) | | | | | | — | | | | | | (126) | | |
待售抵押贷款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,395 | | | | | | 3,395 | | |
Derivative assets – IRLCs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (4,164) | | | | | | (4,164) | | |
衍生负债 - 对冲工具
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 88 | | | | | | 88 | | |
Total | | | | $ | (12,162) | | | | | $ | (38,589) | | | | | $ | 6,471(3) | | | | | $ | 2,098 | | | | | $ | (126) | | | | | $ | (681) | | | | | $ | (42,989) | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||||||||
| | |
计入净收益(亏损)的公允价值变动
|
| |||||||||||||||||||||||||||||||||||||||
| | |
For the Year Ended December 31, 2020
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
Change in Fair Value of
|
| | | | | | | |||||||||||||||||||||
| | |
Interest
Income(1) |
| |
Interest
Expense(1) |
| |
Net Trust
Assets |
| |
Long-term
Debt |
| |
Other Income
and Expense |
| |
Gain (Loss) on Sale
of Loans, net |
| |
Total
|
| |||||||||||||||||||||
证券化按揭抵押品
|
| | | $ | 747 | | | | | $ | — | | | | | $ | (92,562) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (91,815) | | |
证券化抵押贷款借款
|
| | | | — | | | | | | (65,421) | | | | | | 79,481 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,060 | | |
Long-term debt
|
| | | | — | | | | | | (850) | | | | | | — | | | | | | 1,899 | | | | | | — | | | | | | — | | | | | | 1,049 | | |
抵押偿还权(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (21,962) | | | | | | — | | | | | | (21,962) | | |
待售抵押贷款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (15,955) | | | | | | (15,955) | | |
Derivative assets – IRLCs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (516) | | | | | | (516) | | |
衍生负债 - 套期保值工具
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 509 | | | | | | 509 | | |
Total | | | | $ | 747 | | | | | $ | (66,271) | | | | | $ | (13,081)(3) | | | | | $ | 1,899 | | | | | $ | (21,962) | | | | | $ | (15,962) | | | | | $ | (114,630) | | |
| | |
非经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||
REO(1) | | | | $ | — | | | | | $ | 3,479 | | | | | $ | — | | | | | $ | — | | | | | $ | 3,173 | | | | | $ | — | | |
ROU asset
|
| | | | — | | | | | | — | | | | | | 10,209 | | | | | | — | | | | | | — | | | | | | 13,512 | | |
| | |
Total Gains(1)
|
| |||||||||
| | |
For the Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
REO(2) | | | | $ | 111 | | | | | $ | 7,393 | | |
| | |
For the Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
每股基本亏损分子: | | | | | | | | | | | | | |
Net loss
|
| | | $ | (3,878) | | | | | $ | (88,150) | | |
减去:优先股累计未申报股息(1)
|
| | | | (780) | | | | | | — | | |
普通股股东应占净亏损
|
| | | $ | (4,658) | | | | | $ | (88,150) | | |
每股摊薄亏损分子: | | | | | | | | | | | | | |
Net loss
|
| | | $ | (4,658) | | | | | $ | (88,150) | | |
可转换票据的利息支出(2)
|
| | | | — | | | | | | — | | |
可转换票据的净亏损加上利息支出
|
| | | $ | (4,658) | | | | | $ | (88,150) | | |
每股基本亏损分母(3): | | | | | | | | | | | | | |
期内已发行基本加权平均普通股
|
| | | | 21,332 | | | | | | 21,251 | | |
稀释每股亏损的分母(3): | | | | | | | | | | | | | |
期内已发行基本加权平均普通股
|
| | | | 21,332 | | | | | | 21,251 | | |
稀释性可转换票据和认股权证的净影响(2)
|
| | | | — | | | | | | — | | |
稀释性股票期权、DSU、RSA和RSU的净影响(2)
|
| | | | — | | | | | | — | | |
稀释加权平均普通股
|
| | | | 21,332 | | | | | | 21,251 | | |
Net loss per common share:
|
| | | | | | | | | | | | |
Basic
|
| | | $ | (0.22) | | | | | $ | (4.15) | | |
Diluted
|
| | | $ | (0.22) | | | | | $ | (4.15) | | |
| | |
For the Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
当期所得税: | | | | | | | | | | | | | |
Federal
|
| | | $ | — | | | | | $ | 8 | | |
State
|
| | | | 71 | | | | | | 125 | | |
当期所得税支出总额
|
| | | | 71 | | | | | | 133 | | |
递延所得税: | | | | | | | | | | | | | |
Federal
|
| | | | — | | | | | | — | | |
State
|
| | | | — | | | | | | — | | |
递延所得税总支出
|
| | | | — | | | | | | — | | |
Total income tax expense
|
| | | $ | 71 | | | | | $ | 133 | | |
| | |
For the Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Deferred tax assets: | | | | | | | | | | | | | |
联邦和州营业净亏损
|
| | | $ | 178,194 | | | | | $ | 173,652 | | |
Mortgage securities
|
| | | | 55,283 | | | | | | 54,624 | | |
折旧及摊销
|
| | | | 24,355 | | | | | | 26,752 | | |
Capital loss carryover
|
| | | | 172 | | | | | | 171 | | |
薪酬和其他应计项目
|
| | | | 3,058 | | | | | | 3,060 | | |
Repurchase reserve
|
| | | | 1,493 | | | | | | 2,200 | | |
递延税金总额
|
| | | | 262,555 | | | | | | 260,459 | | |
递延纳税义务: | | | | | | | | | | | | | |
长期债务的公允价值调整
|
| | | | (3,980) | | | | | | (4,639) | | |
抵押偿还权
|
| | | | (236) | | | | | | (106) | | |
公司所有的人寿保险
|
| | | | (1,017) | | | | | | (968) | | |
递延纳税总负债总额
|
| | | | (5,233) | | | | | | (5,713) | | |
Valuation allowance
|
| | | | (257,322) | | | | | | (254,746) | | |
递延税金净资产合计
|
| | | $ | — | | | | | $ | — | | |
| | |
For the Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
预计所得税费用
|
| | | $ | (799) | | | | | $ | (18,483) | | |
扣除联邦福利后的州税支出
|
| | | | 56 | | | | | | 99 | | |
State rate change
|
| | | | (640) | | | | | | (731) | | |
估值免税额变动
|
| | | | 1,218 | | | | | | 19,016 | | |
公司拥有的人寿保险利息和保费
|
| | | | 96 | | | | | | 170 | | |
Other
|
| | | | 140 | | | | | | 62 | | |
Total income tax expense
|
| | | $ | 71 | | | | | $ | 133 | | |
Balance Sheet Items as of December 31, 2021:
|
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
现金和现金等价物
|
| | | $ | 26,239 | | | | | $ | 500 | | | | | $ | — | | | | | | 2,816 | | | | | $ | 29,555 | | |
Restricted cash
|
| | | | 5,657 | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,657 | | |
待售抵押贷款
|
| | | | 308,477 | | | | | | — | | | | | | — | | | | | | — | | | | | | 308,477 | | |
抵押偿还权
|
| | | | 749 | | | | | | — | | | | | | — | | | | | | — | | | | | | 749 | | |
Trust assets
|
| | | | — | | | | | | — | | | | | | 1,642,730 | | | | | | — | | | | | | 1,642,730 | | |
Other assets(1)
|
| | | | 10,051 | | | | | | 2 | | | | | | 141 | | | | | | 25,409 | | | | | | 35,603 | | |
Total assets
|
| | | $ | 351,173 | | | | | $ | 502 | | | | | $ | 1,642,871 | | | | | $ | 28,225 | | | | | $ | 2,022,771 | | |
Total liabilities
|
| | | $ | 298,726 | | | | | $ | — | | | | | $ | 1,661,729 | | | | | $ | 52,380 | | | | | $ | 2,012,835 | | |
Balance Sheet Items as of December 31, 2020:
|
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
现金和现金等价物
|
| | | $ | 50,968 | | | | | $ | 501 | | | | | $ | — | | | | | $ | 2,681 | | | | | $ | 54,150 | | |
Restricted cash
|
| | | | 5,602 | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,602 | | |
待售抵押贷款
|
| | | | 164,422 | | | | | | — | | | | | | — | | | | | | — | | | | | | 164,422 | | |
抵押偿还权
|
| | | | 339 | | | | | | — | | | | | | — | | | | | | — | | | | | | 339 | | |
Trust assets
|
| | | | — | | | | | | — | | | | | | 2,103,269 | | | | | | — | | | | | | 2,103,269 | | |
Other assets(1)
|
| | | | 12,510 | | | | | | 2 | | | | | | 130 | | | | | | 28,882 | | | | | | 41,524 | | |
Total assets
|
| | | $ | 233,841 | | | | | $ | 503 | | | | | $ | 2,103,399 | | | | | $ | 31,563 | | | | | $ | 2,369,306 | | |
Total liabilities
|
| | | $ | 166,285 | | | | | $ | — | | | | | $ | 2,131,178 | | | | | $ | 56,192 | | | | | $ | 2,353,655 | | |
截至本年度的经营项目报表
December 31, 2021: |
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Gain on sale of loans, net
|
| | | $ | 65,294 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 65,294 | | |
Servicing expense, net
|
| | | | (432) | | | | | | — | | | | | | — | | | | | | — | | | | | | (432) | | |
抵押贷款偿还权收益,净额
|
| | | | 34 | | | | | | — | | | | | | — | | | | | | — | | | | | | 34 | | |
房地产服务费,净额
|
| | | | — | | | | | | 1,144 | | | | | | — | | | | | | — | | | | | | 1,144 | | |
Other revenue
|
| | | | 24 | | | | | | — | | | | | | 110 | | | | | | 145 | | | | | | 279 | | |
其他运营费用
|
| | | | (62,605) | | | | | | (1,409) | | | | | | (778) | | | | | | (16,412) | | | | | | (81,204) | | |
Other income (expense)
|
| | | | 98 | | | | | | — | | | | | | 12,840 | | | | | | (1,860) | | | | | | 11,078 | | |
所得税前净收益(亏损)
expense |
| | | $ | 2,413 | | | | | $ | (265) | | | | | $ | 12,172 | | | | | $ | (18,127) | | | | | | (3,807) | | |
Income tax expense
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 71 | | |
Net loss
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (3,878) | | |
截至本年度的经营项目报表
December 31, 2020: |
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Gain on sale of loans, net
|
| | | $ | 14,004 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 14,004 | | |
Servicing fees, net
|
| | | | 3,603 | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,603 | | |
抵押贷款偿还权损失,净额
|
| | | | (28,509) | | | | | | — | | | | | | — | | | | | | — | | | | | | (28,509) | | |
房地产服务费,净额
|
| | | | — | | | | | | 1,312 | | | | | | — | | | | | | — | | | | | | 1,312 | | |
Other revenue
|
| | | | 135 | | | | | | — | | | | | | 143 | | | | | | 1,220 | | | | | | 1,498 | | |
其他运营费用
|
| | | | (60,869) | | | | | | (1,485) | | | | | | (633) | | | | | | (18,286) | | | | | | (81,273) | | |
Other income (expense)
|
| | | | 2,366 | | | | | | — | | | | | | 1,344 | | | | | | (2,362) | | | | | | 1,348 | | |
所得税前净(亏损)收益
expense |
| | | $ | (69,270) | | | | | $ | (173) | | | | | $ | 854 | | | | | $ | (19,428) | | | | | $ | (88,017) | | |
Income tax expense
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 133 | | |
Net loss
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (88,150) | | |
租赁资产和负债
|
| |
Classification
|
| |
December 31,
2021 |
| |||
Assets | | | | | | | | | | |
Lease ROU assets
|
| |
Other assets
|
| | | $ | 10,209 | | |
Liabilities | | | | | | | | | | |
Lease liabilities
|
| |
Other liabilities
|
| | | $ | 12,562 | | |
加权平均剩余租赁年限(年)
|
| | | | | | | 2.7 | | |
加权平均贴现率
|
| | | | | | | 4.8% | | |
|
Year 2022
|
| | | $ | 4,809 | | |
|
Year 2023
|
| | | | 4,909 | | |
|
Year 2024
|
| | | | 3,729 | | |
|
租赁承诺额合计
|
| | | $ | 13,447 | | |
|
Less: imputed interest
|
| | | | (885) | | |
|
Total lease liability
|
| | | $ | 12,562 | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
Beginning balance
|
| | | $ | 7,054 | | | | | $ | 8,969 | | |
回购准备金(1)
|
| | | | 111 | | | | | | 5,227 | | |
Settlements
|
| | | | (2,421) | | | | | | (7,142) | | |
总回购准备金
|
| | | $ | 4,744 | | | | | $ | 7,054 | | |
| | |
At December 31, 2021
|
| |||||||||||||||||||||
公司拥有的人寿保险信托基金:
|
| |
Trust #1
|
| |
Trust #2
|
| |
Trust #3
|
| |
Total
|
| ||||||||||||
公司拥有的寿险现金退保额
|
| | | $ | 4,972 | | | | | $ | 3,821 | | | | | $ | 1,995 | | | | | $ | 10,788 | | |
公司所有的人寿保险责任
|
| | | | 6,015 | | | | | | 4,715 | | | | | | 2,297 | | | | | | 13,027 | | |
公司拥有的人寿保险缺口(1)
|
| | | $ | (1,043) | | | | | $ | (894) | | | | | $ | (302) | | | | | $ | (2,239) | | |
| | |
For the Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Risk-free interest rate
|
| | | | 0.50% | | | | | | 1.45% | | |
Expected lives (in years)
|
| | | | 4.54 | | | | | | 4.94 | | |
Expected volatility
|
| | | | 77.55% | | | | | | 61.21% | | |
预期股息收益率
|
| | | | 0.00% | | | | | | 0.00% | | |
Fair value per share
|
| | | $ | 1.96 | | | | | $ | 3.13 | | |
| | |
For the Year Ended December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| ||||||||||||||||||
| | |
Number of
Shares |
| |
Weighted-
Average Exercise Price |
| |
Number of
Shares |
| |
Weighted-
Average Exercise Price |
| ||||||||||||
年初未完成的期权
|
| | | | 524,357 | | | | | $ | 8.58 | | | | | | 914,470 | | | | | $ | 8.10 | | |
Options granted
|
| | | | 85,154 | | | | | | 3.29 | | | | | | 30,000 | | | | | | 5.34 | | |
Options exercised
|
| | | | — | | | | | | — | | | | | | (9,500) | | | | | | 4.84 | | |
选项被取消/取消
|
| | | | (39,283) | | | | | | 7.15 | | | | | | (410,613) | | | | | | 7.35 | | |
期末未完成的期权
|
| | | | 570,228 | | | | | | 7.89 | | | | | | 524,357 | | | | | | 8.58 | | |
期末可行使的期权
|
| | | | 406,361 | | | | | $ | 9.65 | | | | | | 327,366 | | | | | $ | 11.46 | | |
| | |
As of December 31,
|
| |||||||||||||||||||||
| | |
2021
|
| |
2020
|
| ||||||||||||||||||
| | |
Weighted-
Average Remaining Life (Years) |
| |
Aggregate
Intrinsic Value (in thousands) |
| |
Weighted-
Average Remaining Life (Years) |
| |
Aggregate
Intrinsic Value (in thousands) |
| ||||||||||||
年底未完成的期权
|
| | | | 6.17 | | | | | $ | — | | | | | | 6.77 | | | | | $ | — | | |
年底可行使的期权
|
| | | | 5.43 | | | | | $ | — | | | | | | 5.96 | | | | | $ | — | | |
| | | | | | | | |
未偿还的股票期权
|
| |
Options Exercisable
|
| ||||||||||||||||||||||||
| | |
Exercise Price Range
|
| |
Number
Outstanding |
| |
Weighted-Average
Remaining Contractual Life in Years |
| |
Weighted-Average
Exercise Price |
| |
Number
Exercisable |
| |
Weighted-Average
Exercise Price |
| ||||||||||||||||||
| | | | $ | 3.22 – 3.74 | | | | | | 150,872 | | | | | | 7.91 | | | | | $ | 3.45 | | | | | | 53,671 | | | | | $ | 3.59 | | |
| | | | | 3.75 – 5.38 | | | | | | 200,000 | | | | | | 7.16 | | | | | | 3.75 | | | | | | 133,334 | | | | | | 3.75 | | |
| | | | | 5.39 – 9.85 | | | | | | 27,582 | | | | | | 4.01 | | | | | | 7.01 | | | | | | 27,582 | | | | | | 7.01 | | |
| | | | | 9.86 – 17.39 | | | | | | 86,524 | | | | | | 4.15 | | | | | | 11.99 | | | | | | 86,524 | | | | | | 11.99 | | |
| | | | | 17.40 – 20.49 | | | | | | 51,250 | | | | | | 4.55 | | | | | | 17.40 | | | | | | 51,250 | | | | | | 17.40 | | |
| | | | | 20.50 – 20.50 | | | | | | 54,000 | | | | | | 3.56 | | | | | | 20.50 | | | | | | 54,000 | | | | | | 20.50 | | |
| | | | $ | 3.22 – 20.50 | | | | | | 570,228 | | | | | | 6.17 | | | | | $ | 7.89 | | | | | | 406,361 | | | | | $ | 9.65 | | |
| | |
Number of
Shares |
| |
Weighted-
Average Grant Date Fair Value |
| ||||||
年初未完成的DSU
|
| | | | 54,500 | | | | | $ | 6.61 | | |
DSUs granted
|
| | | | — | | | | | | — | | |
DSUs issued
|
| | | | — | | | | | | — | | |
被没收/取消的DSU
|
| | | | — | | | | | | — | | |
期末未完成的DSU
|
| | | | 54,500 | | | | | $ | 6.61 | | |
| | |
Number of
Shares |
| |
Weighted-
Average Grant Date Fair Value |
| ||||||
年初未完成的RSU
|
| | | | 267,221 | | | | | $ | 5.04 | | |
RSUs granted
|
| | | | 245,332 | | | | | | 3.29 | | |
RSUs issued
|
| | | | (94,493) | | | | | | 4.78 | | |
被没收/取消的回复单位
|
| | | | (20,231) | | | | | | 3.29 | | |
期末未完成的RSU
|
| | | | 397,829 | | | | | $ | 4.11 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
ASSETS
|
| | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 61,173 | | | | | $ | 29,555 | | |
Restricted cash
|
| | | | 5,196 | | | | | | 5,657 | | |
待售抵押贷款
|
| | | | 37,035 | | | | | | 308,477 | | |
抵押偿还权
|
| | | | 850 | | | | | | 749 | | |
证券化抵押贷款信托资产
|
| | | | — | | | | | | 1,642,730 | | |
Other assets
|
| | | | 29,404 | | | | | | 35,603 | | |
Total assets
|
| | | $ | 133,658 | | | | | $ | 2,022,771 | | |
LIABILITIES
|
| | | | | | | | | | | | |
Warehouse borrowings
|
| | | $ | 37,795 | | | | | $ | 285,539 | | |
Convertible notes
|
| | | | 15,000 | | | | | | 20,000 | | |
Long-term debt
|
| | | | 35,889 | | | | | | 46,536 | | |
证券化抵押贷款信托负债
|
| | | | — | | | | | | 1,614,862 | | |
Other liabilities
|
| | | | 41,522 | | | | | | 45,898 | | |
Total liabilities
|
| | | | 130,206 | | | | | | 2,012,835 | | |
承付款和或有事项(见附注11) | | | | | | | | | | | | | |
STOCKHOLDERS’ EQUITY
|
| | | | | | | | | | | | |
A系列-1初级参与优先股,面值0.01美元;250万股
已授权;未发行或未偿还 |
| | | | — | | | | | | — | | |
B系列9.375%可赎回优先股,面值0.10美元;清算价值36,530美元;截至2022年6月30日和2021年12月31日(见附注12),授权2,000,000股,累计发行和发行股票665,592股(见附注12)
|
| | | | 7 | | | | | | 7 | | |
C系列9.125%可赎回优先股,面值0.01美元;清算价值35,127美元;授权股份5,500,000股;截至2022年6月30日和2021年12月31日已发行和发行的非累积股份1,405,086股(见附注12)
|
| | | | 14 | | | | | | 14 | | |
Common stock, $0.01 par value; 200,000,000 shares authorized; 21,500,935 and
21,332,684 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively |
| | | | 215 | | | | | | 213 | | |
新增实收资本
|
| | | | 1,238,383 | | | | | | 1,237,986 | | |
累计其他综合收益,税后净额
|
| | | | 29,812 | | | | | | 22,044 | | |
累计赤字总额: | | | | | | | | | | | | | |
宣布的累计股息
|
| | | | (822,520) | | | | | | (822,520) | | |
Accumulated deficit
|
| | | | (442,459) | | | | | | (427,808) | | |
累计赤字总额
|
| | | | (1,264,979) | | | | | | (1,250,328) | | |
股东权益总额
|
| | | | 3,452 | | | | | | 9,936 | | |
总负债和股东权益
|
| | | $ | 133,658 | | | | | $ | 2,022,771 | | |
| | |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
Revenues | | | | | | | | | | | | | | | | | | | | | | | | | |
Gain on sale of loans, net
|
| | | $ | 179 | | | | | $ | 10,693 | | | | | $ | 6,134 | | | | | $ | 30,824 | | |
房地产服务费,净额
|
| | | | 257 | | | | | | 478 | | | | | | 442 | | | | | | 688 | | |
抵押贷款偿还权收益(损失),净额
|
| | | | 45 | | | | | | (37) | | | | | | 155 | | | | | | 1 | | |
Servicing fees (expense), net
|
| | | | 7 | | | | | | (150) | | | | | | (5) | | | | | | (269) | | |
Other
|
| | | | 7 | | | | | | (4) | | | | | | 959 | | | | | | 320 | | |
Total revenues, net
|
| | | | 495 | | | | | | 10,980 | | | | | | 7,685 | | | | | | 31,564 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Personnel
|
| | | | 8,024 | | | | | | 11,964 | | | | | | 19,945 | | | | | | 26,888 | | |
一般、行政和其他
|
| | | | 5,323 | | | | | | 5,882 | | | | | | 10,458 | | | | | | 11,063 | | |
Business promotion
|
| | | | 1,319 | | | | | | 1,770 | | | | | | 3,620 | | | | | | 2,963 | | |
Total expenses
|
| | | | 14,666 | | | | | | 19,616 | | | | | | 34,023 | | | | | | 40,914 | | |
Operating loss
|
| | | | (14,171) | | | | | | (8,636) | | | | | | (26,338) | | | | | | (9,350) | | |
Other income (expense) | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | 943 | | | | | | 15,707 | | | | | | 14,048 | | | | | | 32,231 | | |
Interest expense
|
| | | | (2,203) | | | | | | (15,149) | | | | | | (15,192) | | | | | | (31,013) | | |
长期债务公允价值变动
|
| | | | 1,980 | | | | | | 1,417 | | | | | | 3,622 | | | | | | 2,442 | | |
信托净资产公允价值变动,包括信托REO收益(亏损)
|
| | | | — | | | | | | (2,141) | | | | | | 9,248 | | | | | | (3,814) | | |
其他收入(费用)合计,净额
|
| | | | 720 | | | | | | (166) | | | | | | 11,726 | | | | | | (154) | | |
Loss before income taxes
|
| | | | (13,451) | | | | | | (8,802) | | | | | | (14,612) | | | | | | (9,504) | | |
Income tax expense
|
| | | | 16 | | | | | | 62 | | | | | | 39 | | | | | | 43 | | |
Net loss
|
| | | $ | (13,467) | | | | | $ | (8,864) | | | | | $ | (14,651) | | | | | $ | (9,547) | | |
其他全面亏损 | | | | | | | | | | | | | | | | | | | | | | | | | |
工具特定信用风险的公允价值变动
long-term debt |
| | | | 10,037 | | | | | | (538) | | | | | | 7,768 | | | | | | (2,205) | | |
全面亏损
|
| | | $ | (3,430) | | | | | $ | (9,402) | | | | | $ | (6,883) | | | | | $ | (11,752) | | |
Net loss per common share:
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.64) | | | | | $ | (0.42) | | | | | $ | (0.72) | | | | | $ | (0.45) | | |
Diluted
|
| | | $ | (0.64) | | | | | $ | (0.42) | | | | | $ | (0.72) | | | | | $ | (0.45) | | |
| | |
Preferred
Shares Outstanding |
| |
Preferred
Stock |
| |
Common
Shares Outstanding |
| |
Common
Stock |
| |
Additional
Paid-In Capital |
| |
Cumulative
Dividends Declared |
| |
Accumulated
Deficit |
| |
Accumulated Other
Comprehensive Earnings, net of tax |
| |
Total
Stockholders’ Equity |
| |||||||||||||||||||||||||||
Balance, December 31, 2021
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,332,684 | | | | | $ | 213 | | | | | $ | 1,237,986 | | | | | $ | (822,520) | | | | | $ | (427,808) | | | | | $ | 22,044 | | | | | $ | 9,936 | | |
基于股票的薪酬
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 260 | | | | | | — | | | | | | — | | | | | | — | | | | | | 260 | | |
发行限制性股票单位
|
| | | | — | | | | | | — | | | | | | 122,486 | | | | | | 2 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2 | | |
其他全面亏损
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,269) | | | | | | (2,269) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1,184) | | | | | | — | | | | | | (1,184) | | |
Balance, March 31, 2022
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,455,170 | | | | | $ | 215 | | | | | $ | 1,238,246 | | | | | $ | (822,520) | | | | | $ | (428,992) | | | | | $ | 19,775 | | | | | $ | 6,745 | | |
基于股票的薪酬
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 137 | | | | | | — | | | | | | — | | | | | | — | | | | | | 137 | | |
发行限制性股票单位
|
| | | | — | | | | | | — | | | | | | 30,765 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
发行递延股票单位
|
| | | | — | | | | | | — | | | | | | 15,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | — | | |
其他综合收益
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,037 | | | | | | 10,037 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (13,467) | | | | | | — | | | | | | (13,467) | | |
Balance, June 30, 2022
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,500,935 | | | | | $ | 215 | | | | | $ | 1,238,383 | | | | | $ | (822,520) | | | | | $ | (442,459) | | | | | $ | 29,812 | | | | | $ | 3,452 | | |
| | |
Preferred
Shares Outstanding |
| |
Preferred
Stock |
| |
Common
Shares Outstanding |
| |
Common
Stock |
| |
Additional
Paid-In Capital |
| |
Cumulative
Dividends Declared |
| |
Accumulated
Deficit |
| |
Accumulated Other
Comprehensive Earnings, net of tax |
| |
Total
Stockholders’ Equity |
| |||||||||||||||||||||||||||
Balance, December 31, 2020
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,238,191 | | | | | $ | 212 | | | | | $ | 1,237,102 | | | | | $ | (822,520) | | | | | $ | (423,930) | | | | | $ | 24,766 | | | | | $ | 15,651 | | |
基于股票的薪酬
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 218 | | | | | | — | | | | | | — | | | | | | — | | | | | | 218 | | |
发行限制性股票单位
|
| | | | — | | | | | | — | | | | | | 94,493 | | | | | | 1 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1 | | |
其他全面亏损
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1,667) | | | | | | (1,667) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (683) | | | | | | — | | | | | | (683) | | |
Balance, March 31, 2021
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,332,684 | | | | | $ | 213 | | | | | $ | 1,237,320 | | | | | $ | (822,520) | | | | | $ | (424,613) | | | | | $ | 23,099 | | | | | $ | 13,520 | | |
基于股票的薪酬
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 224 | | | | | | — | | | | | | — | | | | | | — | | | | | | 224 | | |
发行限制性股票单位
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
其他全面亏损
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (538) | | | | | | (538) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (8,864) | | | | | | — | | | | | | (8,864) | | |
Balance, June 30, 2021
|
| | | | 2,070,678 | | | | | $ | 21 | | | | | | 21,332,684 | | | | | $ | 213 | | | | | $ | 1,237,544 | | | | | $ | (822,520) | | | | | $ | (433,477) | | | | | $ | 22,561 | | | | | $ | 4,342 | | |
| | |
For the Six Months Ended
June 30, |
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
经营活动的现金流 | | | | | | | | | | | | | |
Net loss
|
| | | $ | (14,651) | | | | | $ | (9,547) | | |
出售抵押贷款偿还权的收益
|
| | | | (100) | | | | | | — | | |
抵押贷款偿还权公允价值变动
|
| | | | (55) | | | | | | (1) | | |
出售抵押贷款的收益
|
| | | | (18,607) | | | | | | (34,304) | | |
持有待售按揭贷款公允价值变动
|
| | | | 7,482 | | | | | | 597 | | |
衍生工具借贷的公允价值变动,净额
|
| | | | 2,558 | | | | | | 3,095 | | |
回购拨备变动
|
| | | | 2,433 | | | | | | (212) | | |
持有待售抵押贷款的来源
|
| | | | (610,189) | | | | | | (1,461,444) | | |
持有待售抵押贷款的销售和本金减少
|
| | | | 892,710 | | | | | | 1,506,802 | | |
Gain from trust REO
|
| | | | — | | | | | | (1,559) | | |
信托净资产公允价值变动,不包括信托REO
|
| | | | (9,248) | | | | | | 5,373 | | |
长期债务公允价值变动
|
| | | | (3,622) | | | | | | (2,442) | | |
利息收入和费用的增加
|
| | | | 6,288 | | | | | | 28,221 | | |
股票薪酬
|
| | | | 397 | | | | | | 442 | | |
Impairment of ROU asset
|
| | | | 123 | | | | | | — | | |
房屋和设备处置损失
|
| | | | — | | | | | | 102 | | |
其他资产净变动
|
| | | | 4,569 | | | | | | 77 | | |
其他负债净变化
|
| | | | (7,209) | | | | | | (5,126) | | |
经营活动提供的现金净额
|
| | | | 252,879 | | | | | | 30,074 | | |
投资活动产生的现金流 | | | | | | | | | | | | | |
证券化抵押贷款抵押品净变化
|
| | | | 72,889 | | | | | | 308,189 | | |
信托资产和负债转让收益
|
| | | | 37,500 | | | | | | — | | |
投资于公司所有的人寿保险
|
| | | | 108 | | | | | | (224) | | |
购置房舍和设备
|
| | | | (893) | | | | | | (23) | | |
出售信托REO所得收益
|
| | | | — | | | | | | 4,421 | | |
投资活动提供的现金净额
|
| | | | 109,604 | | | | | | 312,363 | | |
融资活动的现金流 | | | | | | | | | | | | | |
偿还仓库借款
|
| | | | (833,320) | | | | | | (1,436,116) | | |
仓库协议下的借款
|
| | | | 585,576 | | | | | | 1,432,348 | | |
证券化抵押贷款的偿还
|
| | | | (78,818) | | | | | | (342,581) | | |
与公司所有的人寿保险相关的负债净变化
|
| | | | 234 | | | | | | 225 | | |
偿还可转换票据
|
| | | | (5,000) | | | | | | — | | |
发行限制性股票
|
| | | | 2 | | | | | | 1 | | |
用于融资活动的现金净额
|
| | | | (331,326) | | | | | | (346,123) | | |
现金、现金等价物和限制性现金的净变化
|
| | | | 31,157 | | | | | | (3,686) | | |
年初的现金、现金等价物和限制性现金
|
| | | | 35,212 | | | | | | 59,752 | | |
期末现金、现金等价物和限制性现金
|
| | | $ | 66,369 | | | | | $ | 56,066 | | |
非现金交易 | | | | | | | | | | | | | |
将证券化抵押贷款转让给信托REO
|
| | | $ | 467 | | | | | $ | 3,940 | | |
信托资产的转让和解除合并
|
| | | | 1,543,608 | | | | | | — | | |
信托责任的转让和解除合并
|
| | | | (1,543,608) | | | | | | — | | |
发行抵押贷款支持证券和贷款销售所保留的抵押贷款偿还权
|
| | | | 46 | | | | | | 213 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
Government(1) | | | | $ | 613 | | | | | $ | 6,886 | | |
Conventional(2) | | | | | 7,375 | | | | | | 62,759 | | |
巨型和不合格抵押贷款(非QM)
|
| | | | 28,839 | | | | | | 231,142 | | |
Fair value adjustment(3)
|
| | | | 208 | | | | | | 7,690 | | |
待售抵押贷款总额
|
| | | $ | 37,035 | | | | | $ | 308,477 | | |
| | |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
出售抵押贷款的收益
|
| | | $ | 2,562 | | | | | $ | 17,852 | | | | | $ | 16,587 | | | | | $ | 39,115 | | |
为留存贷款销售提供服务的溢价
|
| | | | — | | | | | | 92 | | | | | | 46 | | | | | | 213 | | |
衍生金融工具未实现亏损
|
| | | | (1,244) | | | | | | (2,880) | | | | | | (2,558) | | | | | | (3,095) | | |
衍生金融工具的收益(亏损)
|
| | | | 1,862 | | | | | | (315) | | | | | | 6,005 | | | | | | 2,914 | | |
LHFS按市价计价(亏损)收益
|
| | | | (217) | | | | | | 271 | | | | | | (7,482) | | | | | | (597) | | |
直接发起费用,净额
|
| | | | (925) | | | | | | (3,737) | | | | | | (4,031) | | | | | | (7,938) | | |
回购拨备变动
|
| | | | (1,859) | | | | | | (590) | | | | | | (2,433) | | | | | | 212 | | |
Gain on sale of loans, net
|
| | | $ | 179 | | | | | $ | 10,693 | | | | | $ | 6,134 | | | | | $ | 30,824 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
年初余额
|
| | | $ | 749 | | | | | $ | 339 | | |
为留存贷款销售提供服务的额外收入
|
| | | | 46 | | | | | | 536 | | |
Changes in fair value(1)
|
| | | | 55 | | | | | | (126) | | |
期末MSR的公允价值
|
| | | $ | 850 | | | | | $ | 749 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
Government insured
|
| | | $ | 71,381 | | | | | $ | 71,841 | | |
Conventional
|
| | | | — | | | | | | — | | |
Total loans serviced
|
| | | $ | 71,381 | | | | | $ | 71,841 | | |
抵押服务权利敏感度分析
|
| |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
Fair value of MSRs
|
| | | $ | 850 | | | | | $ | 749 | | |
Prepayment Speed: | | | | | | | | | | | | | |
公允价值从10%的不利变化中减少
|
| | | | (18) | | | | | | (24) | | |
公允价值从20%的不利变化中减少
|
| | | | (37) | | | | | | (48) | | |
公允价值从30%的不利变化中减少
|
| | | | (56) | | | | | | (70) | | |
Discount Rate: | | | | | | | | | | | | | |
公允价值从10%的不利变化中减少
|
| | | | (38) | | | | | | (31) | | |
公允价值从20%的不利变化中减少
|
| | | | (72) | | | | | | (59) | | |
公允价值从30%的不利变化中减少
|
| | | | (104) | | | | | | (85) | | |
| | |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
抵押贷款偿还权公允价值变动
|
| | | $ | (6) | | | | | $ | (37) | | | | | $ | 55 | | | | | $ | 1 | | |
出售抵押贷款偿还权的收益
|
| | | | 51 | | | | | | — | | | | | | 100 | | | | | | — | | |
抵押贷款偿还权收益(损失),净额
|
| | | $ | 45 | | | | | $ | (37) | | | | | $ | 155 | | | | | $ | 1 | | |
| | |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
合同维修费
|
| | | $ | 64 | | | | | $ | 41 | | | | | $ | 134 | | | | | $ | 73 | | |
次级服务和其他费用
|
| | | | (57) | | | | | | (191) | | | | | | (139) | | | | | | (342) | | |
Servicing fees (expense), net
|
| | | $ | 7 | | | | | $ | (150) | | | | | $ | (5) | | | | | $ | (269) | | |
租赁资产和负债
|
| |
Classification
|
| |
June 30,
2022 |
| |||
Assets | | | | | | | | | | |
Lease ROU assets
|
| | Other assets | | | | $ | 8,366 | | |
Liabilities | | | | | | | | | | |
Lease liabilities
|
| |
Other liabilities
|
| | | $ | 10,481 | | |
加权平均剩余租赁年限(年)
|
| | | | | | | 2.2 | | |
加权平均贴现率
|
| | | | | | | 4.8% | | |
|
Year remaining 2022
|
| | | $ | 2,415 | | |
|
Year 2023
|
| | | | 4,909 | | |
|
Year 2024
|
| | | | 3,729 | | |
|
租赁承诺额合计
|
| | | $ | 11,053 | | |
|
Less: imputed interest
|
| | | | (572) | | |
|
Total lease liability
|
| | | $ | 10,481 | | |
| | |
Maximum
Borrowing Capacity |
| |
Balance Outstanding at
|
| |
Maturity Date
|
| ||||||||||||
| | |
June 30,
2022 |
| |
December 31,
2021 |
| |||||||||||||||
短期借款: | | | | | | | | | | | | | | | | | | | | | | |
Repurchase agreement 1(1)
|
| | | $ | — | | | | | $ | — | | | | | $ | 30,009 | | | |
May 24, 2022
|
|
Repurchase agreement 2(2)
|
| | | | 200,000 | | | | | | 19,838 | | | | | | 153,006 | | | |
September 13, 2022
|
|
Repurchase agreement 3
|
| | | | 300,000 | | | | | | 6,136 | | | | | | 56,794 | | | |
September 23, 2022
|
|
Repurchase agreement 4
|
| | | | 50,000 | | | | | | 11,821 | | | | | | 45,730 | | | |
March 31, 2023
|
|
仓库借款总额
|
| | | $ | 550,000 | | | | | $ | 37,795 | | | | | $ | 285,539 | | | | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
下级附注(1)
|
| | | $ | 62,000 | | | | | $ | 62,000 | | |
Fair value adjustment
|
| | | | (26,111) | | | | | | (15,464) | | |
初级下属票据合计
|
| | | $ | 35,889 | | | | | $ | 46,536 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
证券化抵押贷款抵押品,按公允价值计算
|
| | | $ | — | | | | | $ | 1,639,251 | | |
REO,按可变现净值(NRV)计算
|
| | | | — | | | | | | 3,479 | | |
证券化抵押贷款信托资产总额
|
| | | $ | — | | | | | $ | 1,642,730 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
证券化抵押贷款借款
|
| | | $ | — | | | | | $ | 1,614,862 | | |
| | |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
信托净资产公允价值变动,不包括REO
|
| | | $ | — | | | | | $ | (1,828) | | | | | $ | 9,248 | | | | | $ | (5,373) | | |
(Losses) gains from trust REO
|
| | | | — | | | | | | (313) | | | | | | — | | | | | | 1,559 | | |
信托净资产公允价值变动,包括信托REO收益(亏损)
|
| | | $ | — | | | | | $ | (2,141) | | | | | $ | 9,248 | | | | | $ | (3,814) | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||||||||||||||||||||||||||||||||||||||
| | |
Carrying
Amount |
| |
Estimated Fair Value
|
| |
Carrying
Amount |
| |
Estimated Fair Value
|
| ||||||||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||||||||||||||
Assets
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 61,173 | | | | | $ | 61,173 | | | | | $ | — | | | | | $ | — | | | | | $ | 29,555 | | | | | $ | 29,555 | | | | | $ | — | | | | | $ | — | | |
Restricted cash
|
| | | | 5,196 | | | | | | 5,196 | | | | | | — | | | | | | — | | | | | | 5,657 | | | | | | 5,657 | | | | | | — | | | | | | — | | |
待售抵押贷款
|
| | | | 37,035 | | | | | | — | | | | | | 37,035 | | | | | | — | | | | | | 308,477 | | | | | | — | | | | | | 308,477 | | | | | | — | | |
抵押偿还权
|
| | | | 850 | | | | | | — | | | | | | — | | | | | | 850 | | | | | | 749 | | | | | | — | | | | | | — | | | | | | 749 | | |
衍生资产,借贷,净额(1)
|
| | | | 510 | | | | | | — | | | | | | 12 | | | | | | 498 | | | | | | 3,111 | | | | | | — | | | | | | — | | | | | | 3,111 | | |
证券化按揭抵押品
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,639,251 | | | | | | — | | | | | | — | | | | | | 1,639,251 | | |
Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Warehouse borrowings
|
| | | $ | 37,795 | | | | | $ | — | | | | | $ | 37,795 | | | | | $ | — | | | | | $ | 285,539 | | | | | $ | — | | | | | $ | 285,539 | | | | | $ | — | | |
Convertible notes
|
| | | | 15,000 | | | | | | — | | | | | | — | | | | | | 15,000 | | | | | | 20,000 | | | | | | — | | | | | | — | | | | | | 20,000 | | |
Long-term debt
|
| | | | 35,889 | | | | | | — | | | | | | — | | | | | | 35,889 | | | | | | 46,536 | | | | | | — | | | | | | — | | | | | | 46,536 | | |
证券化抵押贷款借款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,614,862 | | | | | | — | | | | | | — | | | | | | 1,614,862 | | |
衍生负债、贷款、净额(2)
|
| | | | 12 | | | | | | — | | | | | | 12 | | | | | | — | | | | | | 55 | | | | | | — | | | | | | 55 | | | | | | — | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
待售抵押贷款
|
| | | $ | — | | | | | $ | 37,035 | | | | | $ | — | | | | | $ | — | | | | | $ | 308,477 | | | | | $ | — | | |
衍生资产,借贷,净额(1)
|
| | | | — | | | | | | 12 | | | | | | 498 | | | | | | — | | | | | | — | | | | | | 3,111 | | |
抵押偿还权
|
| | | | — | | | | | | — | | | | | | 850 | | | | | | — | | | | | | — | | | | | | 749 | | |
证券化按揭抵押品
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,639,251 | | |
按公允价值计算的总资产
|
| | | $ | — | | | | | $ | 37,047 | | | | | $ | 1,348 | | | | | $ | — | | | | | $ | 308,477 | | | | | $ | 1,643,111 | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款借款
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 1,614,862 | | |
Long-term debt
|
| | | | — | | | | | | — | | | | | | 35,889 | | | | | | — | | | | | | — | | | | | | 46,536 | | |
衍生负债、贷款、净额(2)
|
| | | | — | | | | | | 12 | | | | | | — | | | | | | — | | | | | | 55 | | | | | | — | | |
按公允价值计算的总负债
|
| | | $ | — | | | | | $ | 12 | | | | | $ | 35,889 | | | | | $ | — | | | | | $ | 55 | | | | | $ | 1,661,398 | | |
|
| | |
第三级经常性公允价值计量
|
| | |||||||||||||||||||||||||||||
| | |
For the Three Months Ended June 30, 2022
|
| | |||||||||||||||||||||||||||||
| | |
Securitized
mortgage collateral |
| |
Securitized
mortgage borrowings |
| |
Mortgage
servicing rights |
| |
Interest
rate lock commitments, net |
| |
Long-
term debt |
| | |||||||||||||||||
Fair value, March 31, 2022
|
| | | $ | — | | | | | $ | — | | | | | $ | 856 | | | | | $ | 846 | | | | | $ | (47,549) | | | | ||
收益中包含的总收益(亏损): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Interest income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Interest expense
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (357) | | | | ||
Change in fair value
|
| | | | — | | | | | | — | | | | | | (6) | | | | | | (348) | | | | | | 1,980 | | | | | |
特定工具信用风险的变化
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,037(1) | | | | ||
收益中包含的总收益(亏损)
|
| | | | — | | | | | | — | | | | | | (6) | | | | | | (348) | | | | | | 11,660 | | | | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
购买、发行和结算: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Purchases
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Issuances
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Settlements
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
Fair value, June 30, 2022
|
| | | $ | — | | | | | $ | — | | | | | $ | 850 | | | | | $ | 498 | | | | | $ | (35,889) | | | |
| | |
第三级经常性公允价值计量
|
| |||||||||||||||||||||||||||
| | |
For the Three Months Ended June 30, 2021
|
| |||||||||||||||||||||||||||
| | |
Securitized
mortgage collateral |
| |
Securitized
mortgage borrowings |
| |
Mortgage
servicing rights |
| |
Interest
rate lock commitments, net |
| |
Long-
term debt |
| |||||||||||||||
Fair value, March 31, 2021
|
| | | $ | 2,038,545 | | | | | $ | (2,028,210) | | | | | $ | 498 | | | | | $ | 5,078 | | | | | $ | (45,361) | | |
收益中包含的总收益(亏损): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income(1)
|
| | | | (4,722) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Interest expense(1)
|
| | | | — | | | | | | (8,909) | | | | | | — | | | | | | — | | | | | | (418) | | |
Change in fair value
|
| | | | (2,550) | | | | | | 722 | | | | | | (37) | | | | | | (816) | | | | | | 1,417 | | |
特定工具信用风险的变化
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (538)(2) | | |
收益中包含的总收益(亏损)
|
| | | | (7,272) | | | | | | (8,187) | | | | | | (37) | | | | | | (816) | | | | | | 461 | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
购买、发行和结算: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Purchases
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Issuances
|
| | | | — | | | | | | — | | | | | | 92 | | | | | | — | | | | | | — | | |
Settlements
|
| | | | (172,850) | | | | | | 189,173 | | | | | | — | | | | | | — | | | | | | — | | |
Fair value, June 30, 2021
|
| | | $ | 1,858,423 | | | | | $ | (1,847,224) | | | | | $ | 553 | | | | | $ | 4,262 | | | | | $ | (44,900) | | |
| | |
第三级经常性公允价值计量
|
| |||||||||||||||||||||||||||
| | |
For the Six Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||
| | |
Securitized
mortgage collateral |
| |
Securitized
mortgage borrowings |
| |
Mortgage
servicing rights |
| |
Interest
rate lock commitments, net |
| |
Long-
term debt |
| |||||||||||||||
Fair value, December 31, 2021
|
| | | $ | 1,639,251 | | | | | $ | (1,614,862) | | | | | $ | 749 | | | | | $ | 3,111 | | | | | $ | (46,536) | | |
收益中包含的总收益(亏损): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income(1)
|
| | | | 2,019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Interest expense(1)
|
| | | | — | | | | | | (7,564) | | | | | | — | | | | | | — | | | | | | (743) | | |
Change in fair value
|
| | | | 9,248 | | | | | | — | | | | | | 55 | | | | | | (2,613) | | | | | | 3,622 | | |
特定工具信用风险的变化
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,768(2) | | |
收益中包含的总收益(亏损)
|
| | | | 11,267 | | | | | | (7,564) | | | | | | 55 | | | | | | (2,613) | | | | | | 10,647 | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
购买、发行和结算: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Purchases
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Issuances
|
| | | | — | | | | | | — | | | | | | 46 | | | | | | — | | | | | | — | | |
Settlements
|
| | | | (1,650,518) | | | | | | 1,622,426 | | | | | | — | | | | | | — | | | | | | — | | |
Fair value, June 30, 2022
|
| | | $ | — | | | | | $ | — | | | | | $ | 850 | | | | | $ | 498 | | | | | $ | (35,889) | | |
未实现收益(亏损)仍持有(3)
|
| | | $ | — | | | | | $ | — | | | | | $ | 850 | | | | | $ | 498 | | | | | $ | 26,111 | | |
| | |
第三级经常性公允价值计量
|
| |||||||||||||||||||||||||||
| | |
For the Six Months Ended June 30, 2021
|
| |||||||||||||||||||||||||||
| | |
Securitized
mortgage collateral |
| |
Securitized
mortgage borrowings |
| |
Mortgage
servicing rights |
| |
Interest
rate lock commitments, net |
| |
Long-
term debt |
| |||||||||||||||
Fair value, December 31, 2020
|
| | | $ | 2,100,175 | | | | | $ | (2,086,557) | | | | | $ | 339 | | | | | $ | 7,275 | | | | | $ | (44,413) | | |
收益中包含的总(亏损)收益: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income(1)
|
| | | | (9,479) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Interest expense(1)
|
| | | | — | | | | | | (18,018) | | | | | | — | | | | | | — | | | | | | (724) | | |
Change in fair value
|
| | | | 79,857 | | | | | | (85,230) | | | | | | 1 | | | | | | (3,013) | | | | | | 2,442 | | |
特定工具信用风险的变化
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,205)(2) | | |
收益中包含的总收益(亏损)
|
| | | | 70,378 | | | | | | (103,248) | | | | | | 1 | | | | | | (3,013) | | | | | | (487) | | |
调入和/或调出级别3
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
购买、发行和结算: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Purchases
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Issuances
|
| | | | — | | | | | | — | | | | | | 213 | | | | | | — | | | | | | — | | |
Settlements
|
| | | | (312,130) | | | | | | 342,581 | | | | | | — | | | | | | — | | | | | | — | | |
Fair value, June 30, 2021
|
| | | $ | 1,858,423 | | | | | $ | (1,847,224) | | | | | $ | 553 | | | | | $ | 4,262 | | | | | $ | (44,900) | | |
未实现(亏损)收益仍持有(3)
|
| | | $ | (186,507) | | | | | $ | 2,397,426 | | | | | $ | 553 | | | | | $ | 4,262 | | | | | $ | 17,100 | | |
| | | | | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||||||||||||||
Financial Instrument
|
| |
Unobservable
Input |
| |
Range of
Inputs |
| |
Weighted
Average |
| |
Range of
Inputs |
| |
Weighted
Average |
| ||||||||||||
以房地产为抵押的资产和负债 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
证券化抵押贷款抵押品,以及
|
| |
Prepayment rates
|
| | | | —% | | | | | | —% | | | | | | 2.9 – 46.3% | | | | | | 10.7% | | |
证券化抵押贷款借款
|
| | Default rates | | | | | —% | | | | | | —% | | | | | | 0.06 – 4.3% | | | | | | 1.7% | | |
| | | Loss severities | | | | | —% | | | | | | —% | | | | | | 0.01 – 97.6% | | | | | | 70.1% | | |
| | | Discount rates | | | | | —% | | | | | | —% | | | | | | 2.1 – 13.0% | | | | | | 3.6% | | |
其他资产和负债 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
抵押偿还权
|
| | Discount rates | | | | | 12.5 – 15.0% | | | | | | 12.8% | | | | | | 12.5 – 15.0% | | | | | | 12.8% | | |
| | |
Prepayment rates
|
| | | | 7.5 – 12.5% | | | | | | 8.5% | | | | | | 8.01 – 29.1% | | | | | | 10.3% | | |
Derivative assets – IRLCs, net
|
| |
Pull-through rates
|
| | | | 40.0 – 99.0% | | | | | | 69.5% | | | | | | 50.0 – 98.0% | | | | | | 79.0% | | |
Long-term debt
|
| | Discount rates | | | | | 14.2% | | | | | | 14.2% | | | | | | 8.6% | | | | | | 8.6% | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||||||||
| | |
计入净亏损的公允价值变动
|
| |||||||||||||||||||||||||||||||||||||||
| | |
For the Three Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
Change in Fair Value of
|
| | | | | | | |||||||||||||||||||||
| | |
Interest
Income(1) |
| |
Interest
Expense(1) |
| |
Net Trust
Assets |
| |
Long-term
Debt |
| |
Other Revenue
and Expense |
| |
Gain on Sale
of Loans, net |
| |
Total
|
| |||||||||||||||||||||
证券化按揭抵押品
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
证券化抵押贷款借款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Long-term debt
|
| | | | — | | | | | | (357) | | | | | | — | | | | | | 1,980 | | | | | | — | | | | | | — | | | | | | 1,623 | | |
抵押偿还权(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (6) | | | | | | — | | | | | | (6) | | |
待售抵押贷款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (217) | | | | | | (217) | | |
Derivative assets – IRLCs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (348) | | | | | | (348) | | |
衍生负债 - 对冲工具
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (896) | | | | | | (896) | | |
Total | | | | $ | — | | | | | $ | (357) | | | | | $ | — | | | | | $ | 1,980 | | | | | $ | (6) | | | | | $ | (1,461) | | | | | $ | 156 | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||||||||
| | |
计入净亏损的公允价值变动
|
| |||||||||||||||||||||||||||||||||||||||
| | |
For the Three Months Ended June 30, 2021
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
Change in Fair Value of
|
| | | | | | | |||||||||||||||||||||
| | |
Interest
Income(1) |
| |
Interest
Expense(1) |
| |
Net Trust
Assets |
| |
Long-term
Debt |
| |
Other Revenue
and Expense |
| |
Gain on Sale
of Loans, net |
| |
Total
|
| |||||||||||||||||||||
证券化按揭抵押品
|
| | | $ | (4,722) | | | | | $ | — | | | | | $ | (2,550) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (7,272) | | |
Securitized mortgage
borrowings |
| | | | — | | | | | | (8,909) | | | | | | 722 | | | | | | — | | | | | | — | | | | | | — | | | | | | (8,187) | | |
Long-term debt
|
| | | | — | | | | | | (418) | | | | | | — | | | | | | 1,417 | | | | | | — | | | | | | — | | | | | | 999 | | |
抵押偿还权(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (37) | | | | | | — | | | | | | (37) | | |
待售抵押贷款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 271 | | | | | | 271 | | |
Derivative assets – IRLCs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (816) | | | | | | (816) | | |
衍生负债 - 对冲工具
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,064) | | | | | | (2,064) | | |
Total | | | | $ | (4,722) | | | | | $ | (9,327) | | | | | $ | (1,828)(3) | | | | | $ | 1,417 | | | | | $ | (37) | | | | | $ | (2,609) | | | | | $ | (17,106) | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||||||||
| | |
计入净亏损的公允价值变动
|
| |||||||||||||||||||||||||||||||||||||||
| | |
For the Six Months Ended June 30, 2022
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
Change in Fair Value of
|
| | | | | | | |||||||||||||||||||||
| | |
Interest
Income(1) |
| |
Interest
Expense(1) |
| |
Net Trust
Assets |
| |
Long-term
Debt |
| |
Other Income
and Expense |
| |
Gain on Sale
of Loans, net |
| |
Total
|
| |||||||||||||||||||||
证券化按揭抵押品
|
| | | $ | 2,019 | | | | | $ | — | | | | | $ | 9,248 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 11,267 | | |
证券化抵押贷款借款
|
| | | | — | | | | | | (7,564) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (7,564) | | |
Long-term debt
|
| | | | — | | | | | | (743) | | | | | | — | | | | | | 3,622 | | | | | | — | | | | | | — | | | | | | 2,879 | | |
抵押偿还权(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 55 | | | | | | — | | | | | | 55 | | |
待售抵押贷款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (7,482) | | | | | | (7,482) | | |
Derivative assets – IRLCs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,613) | | | | | | (2,613) | | |
衍生负债 - 对冲工具
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 55 | | | | | | 55 | | |
Total | | | | $ | 2,019 | | | | | $ | (8,307) | | | | | $ | 9,248(3) | | | | | $ | 3,622 | | | | | $ | 55 | | | | | $ | (10,040) | | | | | $ | (3,403) | | |
| | |
经常性公允价值计量
|
| |||||||||||||||||||||||||||||||||||||||
| | |
计入净亏损的公允价值变动
|
| |||||||||||||||||||||||||||||||||||||||
| | |
For the Six Months Ended June 30, 2021
|
| |||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | |
Change in Fair Value of
|
| | | | | | | |||||||||||||||||||||
| | |
Interest
Income(1) |
| |
Interest
Expense(1) |
| |
Net Trust
Assets |
| |
Long-term
Debt |
| |
Other Income
and Expense |
| |
Gain on Sale
of Loans, net |
| |
Total
|
| |||||||||||||||||||||
Securitized mortgage
collateral |
| | | $ | (9,479) | | | | | $ | — | | | | | | 79,857 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 70,378 | | |
证券化抵押贷款借款
|
| | | | — | | | | | | (18,018) | | | | | | (85,230) | | | | | | — | | | | | | — | | | | | | — | | | | | | (103,248) | | |
Long-term debt
|
| | | | — | | | | | | (724) | | | | | | — | | | | | | 2,442 | | | | | | — | | | | | | — | | | | | | 1,718 | | |
抵押偿还权(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1 | | | | | | — | | | | | | 1 | | |
待售抵押贷款
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (597) | | | | | | (597) | | |
Derivative assets – IRLCs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (3,013) | | | | | | (3,013) | | |
衍生负债 - 套期保值
Instruments |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (82) | | | | | | (82) | | |
Total | | | | $ | (9,479) | | | | | $ | (18,742) | | | | | $ | (5,373)(3) | | | | | $ | 2,442 | | | | | $ | 1 | | | | | $ | (3,692) | | | | | $ | (34,843) | | |
| | |
Notional Amount
|
| |
Total Gains (Losses)
|
| |
Total Gains (Losses)
|
| |||||||||||||||||||||||||||
| | |
June 30,
2022 |
| |
December 31,
2021 |
| |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||||||||||||||
Derivative – IRLC’s(1) | | | | $ | 55,175 | | | | | $ | 255,150 | | | | | $ | (348) | | | | | $ | (816) | | | | | $ | (2,613) | | | | | $ | (3,013) | | |
Derivative – TBA MBS(1)
|
| | | | 12,500 | | | | | | 102,000 | | | | | | 1,072 | | | | | | (2,379) | | | | | | 4,760 | | | | | | 2,832 | | |
Derivative – Swap Futures(1)
|
| | | | 3,300 | | | | | | — | | | | | | (106) | | | | | | — | | | | | | 1,300 | | | | | | — | | |
| | |
非经常性公允价值计量
|
| |
Total Losses(1)
|
| ||||||||||||||||||||||||
| | |
June 30, 2022
|
| |
For the Three Months Ended
June 30, 2022 |
| |
For the Six Months Ended
June 30, 2022 |
| |||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |||||||||||||||||||||
ROU asset impairment
|
| | | | — | | | | | | — | | | | | | 8,366 | | | | | | (123) | | | | | | (123) | | |
| | |
非经常性公允价值计量
|
| |
Total (Losses) Gains(1)
|
| ||||||||||||||||||||||||
| | |
June 30, 2021
|
| |
For the Three Months Ended
June 30, 2021 |
| |
For the Six Months Ended
June 30, 2021 |
| |||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |||||||||||||||||||||
REO(2) | | | | $ | — | | | | | $ | 4,251 | | | | | $ | — | | | | | $ | (313) | | | | | $ | 1,559 | | |
| | |
For the Three Months Ended
June 30, |
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
每股基本亏损分子: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net loss
|
| | | $ | (13,467) | | | | | $ | (8,864) | | | | | $ | (14,651) | | | | | $ | (9,547) | | |
减去:优先股累计未申报股息(1)
|
| | | | (390) | | | | | | — | | | | | | (780) | | | | | | — | | |
普通股股东应占净亏损
|
| | | $ | (13,857) | | | | | $ | (8,864) | | | | | $ | (15,431) | | | | | $ | (9,547) | | |
每股摊薄亏损分子: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net loss
|
| | | $ | (13,857) | | | | | $ | (8,864) | | | | | $ | (15,431) | | | | | $ | (9,547) | | |
可转换票据的利息支出(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
可转换票据的净亏损加上利息支出
|
| | | $ | (13,857) | | | | | $ | (8,864) | | | | | $ | (15,431) | | | | | $ | (9,547) | | |
每股基本亏损分母(3): | | | | | | | | | | | | | | | | | | | | | | | | | |
期内已发行基本加权平均普通股
|
| | | | 21,509 | | | | | | 21,344 | | | | | | 21,463 | | | | | | 21,319 | | |
稀释每股亏损的分母(3): | | | | | | | | | | | | | | | | | | | | | | | | | |
期内已发行基本加权平均普通股
|
| | | | 21,509 | | | | | | 21,344 | | | | | | 21,463 | | | | | | 21,319 | | |
稀释性可转换票据的净影响和
warrants(2) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
稀释性股票期权、DSU、RSA和的净影响
RSU’s(2) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
稀释加权平均普通股
|
| | | | 21,509 | | | | | | 21,344 | | | | | | 21,463 | | | | | | 21,319 | | |
每股普通股净亏损: | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.64) | | | | | $ | (0.42) | | | | | $ | (0.72) | | | | | $ | (0.45) | | |
Diluted
|
| | | $ | (0.64) | | | | | $ | (0.42) | | | | | $ | (0.72) | | | | | $ | (0.45) | | |
截至三个月的营业项目报表
June 30, 2022: |
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Gain on sale of loans, net
|
| | | $ | 179 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 179 | | |
Servicing income, net
|
| | | | 7 | | | | | | — | | | | | | — | | | | | | — | | | | | | 7 | | |
抵押贷款偿还权收益,净额
|
| | | | 45 | | | | | | — | | | | | | — | | | | | | — | | | | | | 45 | | |
房地产服务费,净额
|
| | | | — | | | | | | 257 | | | | | | — | | | | | | — | | | | | | 257 | | |
Other revenue (expense)
|
| | | | 1 | | | | | | — | | | | | | 28 | | | | | | (22) | | | | | | 7 | | |
其他运营费用
|
| | | | (9,378) | | | | | | (359) | | | | | | (129) | | | | | | (4,800) | | | | | | (14,666) | | |
Other income (expense)
|
| | | | 261 | | | | | | — | | | | | | 877 | | | | | | (418) | | | | | | 720 | | |
所得税费用前净(亏损)收益
|
| | | $ | (8,885) | | | | | $ | (102) | | | | | $ | 776 | | | | | $ | (5,240) | | | | | | (13,451) | | |
Income tax expense
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 16 | | |
Net loss
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (13,467) | | |
截至6月30日的三个月经营项目报表
2021: |
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Gain on sale of loans, net
|
| | | $ | 10,693 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 10,693 | | |
Servicing expenses, net
|
| | | | (150) | | | | | | — | | | | | | — | | | | | | — | | | | | | (150) | | |
抵押贷款偿还权损失,净额
|
| | | | (37) | | | | | | — | | | | | | — | | | | | | — | | | | | | (37) | | |
房地产服务费,净额
|
| | | | — | | | | | | 478 | | | | | | — | | | | | | — | | | | | | 478 | | |
Other revenue (expense)
|
| | | | — | | | | | | — | | | | | | 42 | | | | | | (46) | | | | | | (4) | | |
其他运营费用
|
| | | | (15,288) | | | | | | (356) | | | | | | (135) | | | | | | (3,837) | | | | | | (19,616) | | |
Other (expense) income
|
| | | | (16) | | | | | | — | | | | | | 314 | | | | | | (464) | | | | | | (166) | | |
所得税费用前净(亏损)收益
|
| | | $ | (4,798) | | | | | $ | 122 | | | | | $ | 221 | | | | | $ | (4,347) | | | | | $ | (8,802) | | |
Income tax expense
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 62 | | |
Net loss
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (8,864) | | |
截至6月30日的6个月经营项目报表
2022: |
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Gain on sale of loans, net
|
| | | $ | 6,134 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 6,134 | | |
Servicing expense, net
|
| | | | (5) | | | | | | — | | | | | | — | | | | | | — | | | | | | (5) | | |
抵押贷款偿还权收益,净额
|
| | | | 155 | | | | | | — | | | | | | — | | | | | | — | | | | | | 155 | | |
房地产服务费,净额
|
| | | | — | | | | | | 442 | | | | | | — | | | | | | — | | | | | | 442 | | |
Other revenue
|
| | | | 4 | | | | | | — | | | | | | 43 | | | | | | 912 | | | | | | 959 | | |
其他运营费用
|
| | | | (23,880) | | | | | | (718) | | | | | | (141) | | | | | | (9,284) | | | | | | (34,023) | | |
Other income (expense)
|
| | | | 649 | | | | | | — | | | | | | 11,959 | | | | | | (882) | | | | | | 11,726 | | |
所得税费用前净(亏损)收益
|
| | | $ | (16,943) | | | | | $ | (276) | | | | | $ | 11,861 | | | | | $ | (9,254) | | | | | | (14,612) | | |
Income tax expense
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 39 | | |
Net loss
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (14,651) | | |
截至6月30日的6个月经营项目报表
2021: |
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Gain on sale of loans, net
|
| | | $ | 30,824 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 30,824 | | |
Servicing expense, net
|
| | | | (269) | | | | | | — | | | | | | — | | | | | | — | | | | | | (269) | | |
抵押贷款偿还权收益,净额
|
| | | | 1 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1 | | |
房地产服务费,净额
|
| | | | — | | | | | | 688 | | | | | | — | | | | | | — | | | | | | 688 | | |
Other revenue
|
| | | | 23 | | | | | | — | | | | | | 69 | | | | | | 228 | | | | | | 320 | | |
其他运营费用
|
| | | | (31,516) | | | | | | (725) | | | | | | (256) | | | | | | (8,417) | | | | | | (40,914) | | |
Other (expense) income
|
| | | | (199) | | | | | | — | | | | | | 969 | | | | | | (924) | | | | | | (154) | | |
所得税费用前净(亏损)收益
|
| | | $ | (1,136) | | | | | $ | (37) | | | | | $ | 782 | | | | | $ | (9,113) | | | | | $ | (9,504) | | |
Income tax expense
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 43 | | |
Net loss
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (9,547) | | |
Balance Sheet Items as of:
|
| |
Mortgage
Lending |
| |
Real Estate
Services |
| |
Long-term
Portfolio |
| |
Corporate
and other |
| |
Consolidated
|
| |||||||||||||||
Total Assets at June 30, 2022(1)
|
| | | $ | 108,870 | | | | | $ | 502 | | | | | $ | 63 | | | | | $ | 24,223 | | | | | $ | 133,658 | | |
Total Assets at December 31, 2021(1)
|
| | | $ | 351,173 | | | | | $ | 502 | | | | | $ | 1,642,871 | | | | | $ | 28,225 | | | | | $ | 2,022,771 | | |
| | |
June 30,
2022 |
| |
December 31,
2021 |
| ||||||
Beginning balance
|
| | | $ | 4,744 | | | | | $ | 7,054 | | |
回购准备金(1)
|
| | | | 2,433 | | | | | | 111 | | |
Settlements
|
| | | | (1,178) | | | | | | (2,421) | | |
总回购准备金
|
| | | $ | 5,999 | | | | | $ | 4,744 | | |
| | |
At June 30, 2022
|
| |||||||||||||||||||||
| | |
Trust #1
|
| |
Trust #2
|
| |
Trust #3
|
| |
Total
|
| ||||||||||||
公司拥有的人寿保险信托基金: | | | | | | | | | | | | | | | | | | | | | |||||
公司拥有的寿险现金退保额
|
| | | $ | 5,345 | | | | | $ | 4,148 | | | | | $ | 2,188 | | | | | $ | 11,681 | | |
公司所有的人寿保险责任
|
| | | | 6,123 | | | | | | 4,800 | | | | | | 2,338 | | | | | | 13,261 | | |
公司拥有的人寿保险缺口(1)
|
| | | $ | (778) | | | | | $ | (652) | | | | | $ | (150) | | | | | $ | (1,580) | | |
| | |
Number of
Shares |
| |
Weighted-
Average Exercise Price |
| ||||||
年初未完成的期权
|
| | | | 570,228 | | | | | $ | 7.89 | | |
Options granted
|
| | | | — | | | | | | — | | |
Options exercised
|
| | | | — | | | | | | — | | |
选项被取消/取消
|
| | | | (10,000) | | | | | | 3.39 | | |
期末未完成的期权
|
| | | | 560,228 | | | | | | 7.97 | | |
期末可行使的期权
|
| | | | 518,874 | | | | | $ | 8.34 | | |
| | |
Number of
Shares |
| |
Weighted-
Average Grant Date Fair Value |
| ||||||
年初未完成的RSU
|
| | | | 397,829 | | | | | $ | 4.11 | | |
RSUs granted
|
| | | | — | | | | | | — | | |
RSUs issued
|
| | | | (153,251) | | | | | | 4.32 | | |
被没收/取消的回复单位
|
| | | | (18,333) | | | | | | 3.85 | | |
期末未完成的RSU
|
| | | | 226,245 | | | | | $ | 3.99 | | |
| | |
Number of
Shares |
| |
Weighted-
Average Grant Date Fair Value |
| ||||||
年初未完成的DSU
|
| | | | 54,500 | | | | | $ | 6.61 | | |
DSUs granted
|
| | | | — | | | | | | — | | |
DSUs issued
|
| | | | (15,000) | | | | | | 3.75 | | |
被没收/取消的DSU
|
| | | | — | | | | | | — | | |
期末未完成的DSU
|
| | | | 39,500 | | | | | $ | 7.70 | | |
| ATTEST: | | |
IMPAC抵押贷款控股公司
|
|
|
|
| |
By:
|
|
|
Name:
Title: |
| |
Name:
Title: |
|
| ATTEST: | | |
IMPAC抵押贷款控股公司
|
|
|
|
| |
By:
|
|
|
Name:
Title: |
| |
Name:
Title: |
|
| ATTEST: | | |
IMPAC抵押贷款控股公司:
|
|
|
By:
|
| |
By:
|
|
|
Name:
Title: |
| |
Name:
Title: |
|
|
Exhibit Number
|
| |
Description
|
|
|
2.1
|
| | Impac Mortgage Holdings,Inc.和其中提到的其他各方之间的买卖和转让协议,日期为2022年3月16日(通过引用2022年3月22日提交给美国证券交易委员会的公司8-k表格的附件2.1而并入)。 | |
|
3.1**
|
| | 公司的修订和重述章程(“章程”)。 | |
|
3.1(a)
|
| | 公司章程更正证书(参考公司1999年3月16日提交给美国证券交易委员会的10-K文件附件3.1(A))。 | |
|
3.1(b)
|
| | 公司章程修正案条款,以纠正第七条(股份的限制转让和赎回)中的某些条款(通过引用公司1999年3月16日提交给证券交易委员会的10-K文件的附件3.1(B)纳入)。 | |
|
3.1(c)
|
| | 《公司变更名称章程修正案》(参照1998年2月12日提交给美国证券交易委员会的《公司当前8-K/A修正案第1号报告》附件3.1(A))。 | |
|
3.1(d)
|
| | 公司章程修正案条款,增加公司普通股授权股份(参考2002年7月30日提交给证券交易委员会的公司8-A/A表格附件10,修正案第2号)。 | |
|
3.1(e)
|
| | 《公司章程修正案细则》,修改并重申第七条[股份的限制或转让、收购及赎回](参考2004年6月30日提交给证券交易委员会的公司8-A/A表第1号修正案附件7)。 | |
|
3.1(f)
|
| | 公司章程的补充条款,指定9.375%的B系列累积可赎回优先股,每股清算优先股25美元,每股面值1美元,(通过参考2004年6月30日提交给证券交易委员会的8-A/A表格第1号修正案的附件3.8并入)。 | |
|
3.1(g)
|
| | 公司章程的补充条款,指定9.125%的C系列累积可赎回优先股,每股清算优先权为25美元,每股面值为0.01美元(通过引用2004年11月19日公司提交给证券交易委员会的8-A表格的附件3.10并入)。 | |
|
3.1(h)
|
| | 公司章程修正案条款,实施10股1股反向股票拆分(合并内容参考2008年12月30日提交给美国证券交易委员会的公司当前8-K报表附件3.1)。 | |
|
3.1(i)
|
| | 公司章程修正案条款,以降低普通股面值(通过参考2008年12月30日提交给美国证券交易委员会的公司当前8-K表格报告的附件3.2并入)。 | |
|
3.1(j)
|
| | 公司章程修订细则,以修订和重述B系列优先股(通过参考2009年6月30日提交给美国证券交易委员会的公司当前8-K表格报告的附件3.1合并而成)。 | |
|
Exhibit Number
|
| |
Description
|
|
|
3.1(k)
|
| | 公司章程修订细则,以修订和重述C系列优先股(通过参考2009年6月30日提交给美国证券交易委员会的公司当前8-K表格报告的附件3.2合并而成)。 | |
|
3.1(l)
|
| | 公司章程的补充条款,以重新分类和指定A-1系列初级参与优先股(通过参考2013年9月4日提交给美国证券交易委员会的公司当前8-K表格报告的附件3.1并入)。 | |
|
3.1(m)
|
| | (Br)公司章程更正证书(参考公司于2022年7月15日提交给证券交易委员会的8-K表格当前报告的附件3.1(A))。 | |
|
3.2
|
| | 修订和重新修订的章程,至今已修订(通过引用附件3.2并入本公司于2020年3月13日提交给美国证券交易委员会的10-K表格年度报告)。 | |
|
4.1
|
| | 公司股票证书表格(参照公司于1995年9月7日提交给证券交易委员会的S-11表格注册说明书的相应证物编号(第33-96670号文件))。 | |
|
4.2
|
| | Impac Mortgage Holdings,Inc.和作为受托人的纽约梅隆银行信托公司之间的初级附属契约,涉及2034年到期的初级次级票据,本金为30,244,000美元(通过引用公司2009年8月10日提交给美国证券交易委员会的10-Q表格季度报告的附件10.3)。 | |
|
4.3
|
| | Impac Mortgage Holdings,Inc.和作为受托人的纽约梅隆银行信托公司之间的初级附属契约,涉及2034年到期的初级次级票据,本金为31,756,000美元(通过引用公司2009年8月10日提交给美国证券交易委员会的10-Q表格季度报告的附件10.4)。 | |
|
4.4
|
| | Impac Mortgage Holdings,Inc.和American Stock Transfer&Trust Company,LLC作为权利代理(通过引用2019年10月23日提交给美国证券交易委员会的公司当前8-K报表的附件4.1纳入),于2019年10月23日由Impac Mortgage Holdings,Inc.和American Stock Transfer&Trust Company,LLC签署的税收优惠保留权协议。 | |
|
4.5
|
| | Impac Mortgage Holdings,Inc.根据修订后的1934年《证券交易法》第12节登记的证券说明。 | |
|
4.6
|
| | 认股权证表格,日期为2020年4月15日(引用本公司于2020年4月16日提交给美国证券交易委员会的8-K表格当前报告的附件10.2) | |
|
4.7**
|
| | 在交换要约中发布的公司C系列优先股的认股权证格式(包括在附件4.8中)。 | |
|
4.8**
|
| | 与美国股票转让与信托公司签订的认股权证协议格式 | |
|
4.9
|
| | Impac Mortgage Holdings,Inc.和American Stock Transfer&Trust Company,LLC作为权利代理(通过参考2022年8月29日提交给美国证券交易委员会的当前Form 8-K报告的附件4.1合并),于2022年8月26日由Impac Mortgage Holdings,Inc.签署,日期为2022年8月26日的税收优惠保留权协议第一修正案。 | |
|
5.1**
|
| | VEnable LLP的法律意见 | |
|
5.2**
|
| | 马纳特,菲尔普斯和菲利普斯律师事务所的法律意见 | |
|
8.1**
|
| | VEnable LLP的税务意见 | |
|
Exhibit Number
|
| |
Description
|
|
|
10.1(a)
|
| | 与高级管理人员和董事签订的2018年赔偿协议表格(合并内容参考公司于2018年8月9日提交给美国证券交易委员会的10-Q表格季度报告附件10.3)。 | |
|
10.2
|
| | (Br)2005年3月1日关于加利福尼亚州欧文Jamboree路19500号的租约(通过参考公司于2005年3月31日提交给美国证券交易委员会的10-K表格年度报告附件10.8合并而成)。 | |
|
10.2(a)
|
| | 写字楼租赁修正案(合并内容参考公司于2016年1月28日提交给美国证券交易委员会的8-K表格当前报告的附件10.2)。 | |
|
10.3+
|
| | Impac Mortgage Holdings,Inc.2010年综合激励计划(经修订)(通过参考公司于2019年6月26日提交给美国证券交易委员会的8-K表格当前报告的附件10.1而并入)。 | |
|
10.3(a)+
|
| | 《2010年综合激励计划授予激励/非限制性股票期权奖励协议通知书》表格(参考2010年9月10日提交给美国证券交易委员会的公司S-8表格注册说明书附件99.6并入)。 | |
|
10.3(b)+
|
| | 《二零一零年综合激励计划限制性股票协议授出通知书》表格(参照本公司于二零一零年九月十日提交证券交易委员会的S-8表格注册说明书第99.7号附件)。 | |
|
10.3(c)+
|
| | 2001年股票期权、递延股票和限制性股票计划的股票期权协议格式(引用2004年11月9日提交给美国证券交易委员会的公司10-Q季度报告附件10.2)。 | |
|
10.4+
|
| | 非员工董事递延股票单位奖励计划(合并内容参考公司截至2010年12月31日的年度报告10-K表附件10.6)。 | |
|
10.4(a)+
|
| | 非雇员董事递延股票单位奖励计划授出通知表格(合并内容参考公司于2011年3月31日提交给美国证券交易委员会的10-K表格年度报告附件10.6(A))。 | |
|
10.5
|
| | RESERVED | |
|
10.6
|
| | Impac Mortgage Holdings,Inc.与其中指定的购买者之间于2015年5月8日签署的票据购买协议(通过参考公司于2015年8月12日提交的10-Q表格季度报告的附件10.1并入)。 | |
|
10.6(a)
|
| | 2022年5月9日到期的第二次修订和重新确认的可转换本票格式(通过引用2020年10月29日提交的公司当前报告8-k表的附件10.1并入)。 | |
|
10.6(b)
|
| | 2025年5月9日到期的第三次修订和重新发行的可转换本票格式(合并时参考公司于2022年4月29日提交的当前8-K报表附件10.2)。 | |
|
10.7
|
| | Impac Mortgage Corp.和Western Alliance Bank于2017年2月10日签署的贷款和担保协议(合并内容参考公司于2017年2月16日提交给美国证券交易委员会的8-K表格当前报告的附件10.1)。 | |
|
10.7(a)
|
| | Impac Mortgage Corp.向西联银行发行的日期为2017年2月10日的本票(通过参考2017年2月16日提交给美国证券交易委员会的公司当前8-K表格报告的附件10.1(A)合并而成)。 | |
|
Exhibit Number
|
| |
Description
|
|
|
10.8
|
| | 印第安纳招商银行的信用额度本票,日期为2017年8月17日(通过引用公司于2017年8月22日提交给美国证券交易委员会的8-K表格当前报告的附件10.1而并入)。 | |
|
10.9(a)
|
| | Impac Mortgage Corp.签署的以印第安纳招商银行为受益人的担保协议,日期为2017年8月17日(通过参考公司于2017年8月22日提交给美国证券交易委员会的当前8-K表格报告的附件10.2而并入)。 | |
|
10.9(b)
|
| | 印第安纳州招商银行2018年2月7日对信用额度本票的修正案。(引用自附件10.15(B)公司于2018年3月16日提交给证券交易委员会的Form 10-K年度报告)。 | |
|
10.9(c)
|
| | 2018年5月16日对印第安纳招商银行信用额度本票的修正案(通过引用合并自公司于2018年8月19日提交给美国证券交易委员会的10-Q表格季度报告的附件10.2。 | |
|
10.9(d)
|
| | 印第安纳招商银行2019年4月18日对信用额度本票的确认和修订(引用自公司于2019年8月9日提交给美国证券交易委员会的Form 10-Q季度报告的附件10.2)。 | |
|
10.10+
|
| | Impac Mortgage Corp、Impac Mortgage Holdings,Inc.和George Manyaracina之间的关键高管聘用协议于2018年1月1日生效(合并内容参考公司于2018年5月10日提交给美国证券交易委员会的10-Q表格季度报告的附件10.1)。 | |
|
10.11+
|
| | Impac Mortgage Holdings,Inc.2020股权激励计划(“2020股权激励计划”)(通过参考本公司于2020年4月28日提交给美国证券交易委员会的最终委托书附录A而纳入)。 | |
|
10.11(a)+
|
| | 2020年股权激励计划下的股票期权协议表格(通过引用附件10.2并入本公司于2020年6月25日提交给美国证券交易委员会的8-k表格的当前报告中)。 | |
|
10.11(b)+
|
| | 2020年股权激励计划下的限制性股票协议表格(通过引用附件10.3并入本公司于2020年6月25日提交给美国证券交易委员会的8-k表格的当前报告中)。 | |
|
10.11(c)+
|
| | 2020年股权激励计划下的限制性股票单位协议表格(通过引用附件10.4并入本公司于2020年6月25日提交给美国证券交易委员会的8-k表格的当前报告中)。 | |
|
10.12+
|
| | Joseph Joffrion的薪酬和遣散费摘要,日期为2020年10月7日。(通过引用附件10.12并入公司于2022年3月11日提交给美国证券交易委员会的10-k表格年度报告中)。 | |
|
10.13+
|
| | Justin Moisio的薪酬和离职摘要,日期为2020年10月7日。(通过引用本公司于2022年3月11日提交给证券交易委员会的10-k表格年度报告的附件10.13并入)。 | |
|
10.14+
|
| | Tiffany Entsminger的薪酬和离职摘要,日期为2020年10月7日。(通过引用本公司于2022年3月11日提交给证券交易委员会的10-k表格年度报告的附件10.14并入)。 | |
|
10.15+
|
| | 与Obi Nwokorie的聘书日期为2021年4月23日。(参考本公司于2022年3月11日提交给证券交易委员会的Form 10-k年度报告的附件10.15)。 | |
|
10.16**
|
| | 与交换报价相关的投票协议格式。(引用本公司于2022年4月29日提交的当前8-K报表的附件10.1) | |
|
Exhibit Number
|
| |
Description
|
|
|
10.17**
|
| | 与交换要约相关的投票协议第1号修正案的格式。(引用本公司于2022年6月23日提交的当前8-K报表的附件10.2) | |
|
10.18**
|
| | 与交换报价相关的附加投票协议格式。(引用本公司于2022年6月23日提交的当前8-K报表的附件10.3) | |
|
21.1
|
| | 本公司的附属公司(以注册人截至2021年12月31日止年度的10-K表格年报附件21.1注册为法团)。 | |
|
23.1*
|
| |
Consent of Baker Tilly, LLP
|
|
|
23.2**
|
| |
VEnable LLP同意(包含在附件5.1中)
|
|
|
23.3**
|
| |
马纳特,菲尔普斯和菲利普斯律师事务所同意(见附件5.2)
|
|
|
23.4**
|
| |
VEnable LLP同意(包含在附件8.1中)
|
|
|
24.1**
|
| |
授权书(包含在签名页上)。
|
|
|
99.1**
|
| |
致优先股股东的信函格式
|
|
|
99.2**
|
| |
B系列优先股递交意见书和征求同意书格式
|
|
|
99.3**
|
| |
C系列优先股递交意见书和征求同意书格式
|
|
|
99.4**
|
| |
致经纪商、交易商、商业银行、信托公司和其他被提名者的信函格式
|
|
|
99.5**
|
| |
保证交货通知格式
|
|
|
101.INS XBRL
|
| | 与此报告一起以电子方式提交的实例文档。 | |
|
101.SCH XBRL
|
| | 与此报告一起以电子方式提交的分类扩展架构。 | |
|
101.CAL XBRL
|
| | 与此报告一起以电子方式提交的分类计算链接库。 | |
|
101.DEF XBRL
|
| | 与本报告一起以电子方式提交的分类扩展定义。 | |
|
101.LAB XBRL
|
| | 与本报告一起以电子方式提交的分类标签Linkbase。 | |
|
101.PRE XBRL
|
| | 与本报告一起以电子方式提交的分类演示文稿Linkbase。 | |
| 107** | | |
Filing Fee Table
|
|
|
/s/ George A. Mangiaracina
George A. Mangiaracina
|
| |
董事会主席、首席执行官兼董事(首席执行官)
|
| |
October 13, 2022
|
|
|
/s/ Jon Gloeckner
Jon Gloeckner
|
| |
财务和财务报告高级副总裁(临时首席财务官和首席会计官)
|
| |
October 13, 2022
|
|
|
*
Katherine Blair
|
| |
Director
|
| |
October 13, 2022
|
|
|
*
Frank P. Filipps
|
| |
Director
|
| |
October 13, 2022
|
|
|
*
Obi Nwokorie
|
| |
Director
|
| |
October 13, 2022
|
|
|
*
Joseph Piscina
|
| |
Director
|
| |
October 13, 2022
|
|
|
*By:
/s/ Joseph Joffrion
Joseph Joffrion
Attorney-in-fact |
| | | | | | |