Asset Acquisition (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Allocation Of Purchase Consideration Of Assets Acquired And Liabilities Assumed

The following table presents the allocation of the total estimated cost of the acquisition to the assets acquired and liabilities assumed in the OMC Transaction (in thousands):


Consideration transferred:

Cash consideration(1)	$	123,858









Assets acquired:


Loans held for investment, subject to HMBS related obligations	$	5,574,852

Loans held for investment	54,587




Other assets	42
Total assets acquired	$	5,629,481
Liabilities assumed:
HMBS related obligations	$	5,503,464


Payables and other liabilities	2,159

Total liabilities assumed	5,505,623
Net identifiable assets acquired	$	123,858

(1) In accordance with the OMC Purchase Agreements, the Company paid cash of $91.8 million on June 30, 2026. An additional $24.9 million is expected to be paid during the third quarter of 2026. The remaining $7.2 million represents a contractual holdback that is expected to be paid through fiscal year 2027. These liabilities are included in Payables and other liabilities in the Condensed Consolidated Statements of Financial Condition.