v3.26.1
Other Assets
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Disclosure Other Assets
The following table provides additional details of the Company's assets included in Other assets on the Consolidated Balance Sheet at June 30, 2026 and December 31, 2025.
Other AssetsJune 30, 2026December 31, 2025
(In thousands)
Prepaid expenses, advances, and deferred offering costs$9,405 $6,804 
Accounts receivable9,046 7,449 
Prepaid scheduled draws on reverse mortgage loans and amounts due from sub-servicer4,088 3,620 
Leases—right of use assets(1)
3,749 3,992 
Receivables and claims related to reverse mortgage loans repurchased from HMBS(2)
2,217 1,074 
Intangible assets1,769 1,786 
Certificates of deposit, security deposits, and escrow cash1,205 853 
Property and equipment(3)
1,023 868 
Loan purchase commitments451— 
$32,953 $26,446 
(1)See Note 24 for additional details on the Company's leases and ROU assets.
(2)Represents receivables from third parties and claims to HUD related to loans repurchased from HMBS. See Note 13, Issuance of HMBS for discussion on the maximum claim amount related to reverse mortgage loans in HMBS.
(3)Net of accumulated depreciation.
The Company has identified and recognized various intangible assets. The following table details the Company's intangible assets as of June 30, 2026 and December 31, 2025.
June 30, 2026December 31, 2025
Gross Carrying ValueAccumulated AmortizationNet
Carrying Value		Useful LifeGross Carrying ValueAccumulated AmortizationNet
Carrying Value 		Useful Life
(In thousands)(In months)(In thousands)(In months)
Intangible Asset:
Trademarks/trade names$1,200 $— $1,200 Indefinite$1,200 $— $1,200 Indefinite
Customer relationships700 (131)569 240700 (114)586 240
Total identified intangible assets$1,900 $(131)$1,769 $1,900 $(114)$1,786 
The following table summarizes changes in the net carrying value of the Company's intangible assets for the three- and six-month periods ended June 30, 2026 and 2025.
Three-Month Period Ended
June 30, 2026June 30, 2025
(In thousands)Trademarks/Trade NamesCustomer RelationshipsTotalInternally Developed SoftwareTrademarks/Trade NamesCustomer RelationshipsTotal
Net carrying value of intangible assets
—Beginning Balance		$1,200 $578 $1,778 $233 $1,200 $613 $2,046 
Accumulated Amortization— (9)(9)(117)— (9)(126)
Net carrying value of intangible assets
—Ending Balance		$1,200 $569 $1,769 $116 $1,200 $604 $1,920 
Six-Month Period Ended
June 30, 2026June 30, 2025
(In thousands)Trademarks/Trade NamesCustomer RelationshipsTotalInternally Developed SoftwareTrademarks/Trade NamesCustomer RelationshipsTotal
Net carrying value of intangible assets
—Beginning Balance		$1,200 $586 $1,786 $350 $1,200 $621 $2,171 
Accumulated Amortization— (17)(17)(234)— (17)(251)
Net carrying value of intangible assets
—Ending Balance		$1,200 $569 $1,769 $116 $1,200 $604 $1,920 
The following table summarizes the Company's estimated future amortization expense on its intangible assets.
June 30, 2026
(In thousands)
2026$18 
202735 
202835 
202935 
203035 
Thereafter411 
Total$569