Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 407

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 407
---
dollar amounts in thousands).  Servicing fee income is included in other income (loss) on the accompanying condensed consolidated statements of operations.For the Three Months Ended September 30, 2025For the Nine Months Ended September 30, 2025Servicing fees$1,290 $3,755 Prepayment fees657 2,052 Ancillary and other fee income (1)52 145 Servicing fee income$1,999 $5,952 (1)Includes default interest and late fee collections.The Company recognized subservicing fee expenses in the amount of $0.2 million and $0.6 million related to MSRs during the three and nine months ended September 30, 2025, respectively, which is included in portfolio operating expenses on the accompanying condensed consolidated statements of operations.

45

12.      Other Assets and Other LiabilitiesOther AssetsThe 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, 2025December 31, 2024Restricted cash (1)$112,430 $161,602 Accrued interest receivable72,887 62,075 Real estate owned42,669 47,651 Collections receivable from residential loan servicers34,082 50,294 Other receivables30,096 27,776 Mortgage servicing rights21,896 21,003 Intangible assets17,882 252 Other assets in consolidated multi-family properties16,101 16,640 Recoverable advances on residential loans14,589 17,391 Receivables from derivative counterparties11,500 11,059 Deferred tax assets9,373 10,864 Operating lease right-of-use assets4,571 5,460 Derivative assets (2)2,612 56 Other7,492 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. (2)Includes derivative assets held in Consolidated Real Estate VIEs.Other LiabilitiesThe following table presents the components of the Company's other liabilities as of September 30, 2025 and December 31, 2024, respectively (dollar