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


	December 31, 2025		December 31, 2024
Restricted cash (1)	$	132,045	$	161,602
Accrued interest receivable	76,152		62,075
Collections receivable from residential loan servicers	44,926		50,294
Real estate owned	40,207		47,651
Other receivables	22,338		27,776
Mortgage servicing rights	20,893		21,003
Intangible assets	17,318		252
Receivables from derivative counterparties	16,203		11,059
Recoverable advances on residential loans	15,404		17,391
Other assets in consolidated multi-family properties	14,521		16,640
Deferred tax assets	14,441		10,864
Operating lease right-of-use assets	5,175		5,460
Derivative assets (2)	722		56
Other	7,171		5,751
Total	$	427,516	$	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 December 31, 2025 and 2024, respectively (dollar amounts in thousands):


	December 31, 2025		December 31, 2024
Accrued interest payable	$	59,114	$	41,015
Dividends and dividend equivalents payable	35,332		30,280
Margin payable to derivative counterparties	24,271		8,137
Accrued expenses	23,554		11,141
Advanced remittances from residential loan servicers	13,228		7,029
Deferred tax liabilities	12,761		9,282
Accrued expenses and other liabilities in consolidated multi-family properties	9,533		10,621
Deferred revenue	7,316		5,817
Unfunded commitments for residential and multi-family investments	6,750		14,001
Operating lease liabilities	5,549		5,935
Holdback for representations and warranties	2,500		—
Other	5,593		4,354
Total	$	205,501	$	147,612