Other Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Components of Other Assets

Other assets at September 30, 2020 and December 31, 2019 are summarized in the following table.

Table 12.1 – Components of Other Assets

(In Thousands)	September 30, 2020		December 31, 2019
Accrued interest receivable	$	39,330	$	71,058
Investment receivable	25,767		23,330
Right-of-use asset	13,487		11,866
REO	8,535		9,462
Pledged collateral	8,172		32,945
Income tax receivables	8,148		36
FHLBC stock	5,000		43,393
Fixed assets and leasehold improvements (1)	4,408		4,901
Margin receivable	3,809		209,776
Other	7,617		12,554
Total Other Assets	$	124,273	$	419,321

(1)Fixed assets and leasehold improvements had a basis of $12 million and accumulated depreciation of $8 million at September 30, 2020.

Components of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities at September 30, 2020 and December 31, 2019 are summarized in the following table.

Table 12.2 – Components of Accrued Expenses and Other Liabilities

(In Thousands)	September 30, 2020		December 31, 2019
Accrued interest payable	$	34,225	$	60,655
Payable to minority partner	17,492		13,189
Accrued compensation	17,127		33,888
Lease liability	15,123		13,443
Deferred consideration	14,442		—
Guarantee obligations	11,264		14,009
Current accounts payable	8,717		5,468
Residential loan and MSR repurchase reserve	8,565		4,268
Residential bridge loan holdbacks	6,350		10,682
Deferred tax liabilities	5,152		5,152
Accrued operating expenses	3,922		4,358
Contingent consideration	—		28,484
Other	13,610		13,297
Total Accrued Expenses and Other Liabilities	$	155,989	$	206,893