Other Assets and Other Liabilities

6 Months Ended

Jun. 30, 2023

Offsetting [Abstract]

Other Assets and Other Liabilities

11. Other Assets and Other Liabilities

Other Assets

The following table presents the components of the Company's other assets as of June 30, 2023 and December 31, 2022, respectively (dollar amounts in thousands):

	June 30, 2023		December 31, 2022
Restricted cash (1)	$	112,970	$	136,220
Accrued interest receivable	30,828		34,067
Collections receivable from residential loan servicers	27,519		15,374
Recoverable advances on residential loans	15,597		13,979
Other receivables	14,157		11,357
Other assets in consolidated multi-family properties	12,756		13,681
Operating lease right-of-use assets	7,222		7,831
Real estate owned	5,789		18,588
Deferred tax assets	2,816		2,671
Derivative assets (2)	2,610		2,473
Other	5,360		3,115
Total	$	237,624	$	259,356

(1)Restricted cash represents cash held by third parties, including initial margin for interest rate swap contracts and cash held by the Company's securitization trusts and consolidated multi-family properties.

(2)Includes derivative asset held in a consolidated multi-family property.

Other Liabilities

The following table presents the components of the Company's other liabilities as of June 30, 2023 and December 31, 2022, respectively (dollar amounts in thousands):

	June 30, 2023		December 31, 2022
Dividends and dividend equivalents payable	$	40,391	$	49,996
Accrued interest payable	12,977		10,629
Accrued expenses and other liabilities in consolidated multi-family properties	10,479		10,511
Accrued expenses	9,632		15,576
Operating lease liabilities	7,753		8,383
Deferred revenue	5,648		7,131
Advanced remittances from residential loan servicers	5,269		9,098
Unfunded commitments for residential loans	2,432		2,950
Deferred tax liabilities	279		394
Other	2,934		1,323
Total	$	97,794	$	115,991