The following table presents the components of the Company's other assets as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):


	September 30, 2025		December 31, 2024
Restricted cash (1)	$	112,430	$	161,602
Accrued interest receivable	72,887		62,075
Real estate owned	42,669		47,651
Collections receivable from residential loan servicers	34,082		50,294
Other receivables	30,096		27,776
Mortgage servicing rights	21,896		21,003
Intangible assets	17,882		252
Other assets in consolidated multi-family properties	16,101		16,640
Recoverable advances on residential loans	14,589		17,391
Receivables from derivative counterparties	11,500		11,059
Deferred tax assets	9,373		10,864
Operating lease right-of-use assets	4,571		5,460
Derivative assets (2)	2,612		56
Other	7,492		5,751
Total	$	398,180	$	437,874

(1)Restricted cash represents cash held by third parties including initial margin for derivative contracts and cash held by the Company's securitization trusts.

The following table presents the components of the Company's other liabilities as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):


	September 30, 2025		December 31, 2024
Accrued interest payable	$	56,128	$	41,015
Dividends and dividend equivalents payable	35,891		30,280
Accrued expenses	19,319		11,141
Margin payable to derivative counterparties	13,322		8,137
Accrued expenses and other liabilities in consolidated multi-family properties	10,563		10,621
Unfunded commitments for residential and multi-family investments	8,729		14,001
Deferred tax liabilities	7,802		9,282
Deferred revenue	6,976		5,817
Operating lease liabilities	4,972		5,935
Advanced remittances from residential loan servicers	2,926		7,029
Holdback for representations and warranties	2,500		—
Derivative liabilities	121		—
Other	4,614		4,354
Total	$	173,863	$	147,612