Velocity Financial, Inc.VEL
| Dec 31, 2021 | Dec 31, 2022 |
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Cash and cash equivalents | 36 | 45 |
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Restricted cash | 12 | 17 |
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Loans held for sale, net | 88 | - |
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Loans Held For Investment Net | 2,528 | 3,272 |
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Loans Held For Investment At Fair Value | 1 | 276 |
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Total loans, net | 2,617 | 3,548 |
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Interest Receivable | 13 | 20 |
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Receivables due from servicers | 74 | 66 |
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Other receivables | 2 | 1 |
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Real estate owned, net | 18 | 13 |
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Property and equipment, net | 4 | 3 |
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Deferred tax asset | 17 | 5 |
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Servicing Asset at Fair Value, Amount | 7 | 9 |
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Goodwill | 7 | 7 |
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Other assets | 7 | 14 |
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Total assets | 2,812 | 3,749 |
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Accounts payable and accrued expenses | 92 | 92 |
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Securities Loaned | 163 | 210 |
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Securitizations Net | 1,912 | 2,736 |
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Warehouse And Repurchase Facilities Net | 301 | 331 |
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Total liabilities | 2,468 | 3,368 |
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Common Stock, Value, Issued | 0 | 0 |
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Treasury stock, at cost (33,647 common shares at December 31, 2022 and none at December 31, 2021) | - | 0 |
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Additional paid-in capital | 296 | 300 |
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Retained earnings | 44 | 77 |
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Total Velocity Financial Inc. stockholders' equity | 344 | 381 |
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Noncontrolling interest in subsidiary | 3 | 4 |
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Total equity | 344 | 381 |
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Total liabilities and equity | 2,812 | 3,749 |
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