Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 369

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 369
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 and other fee income (1)42 93 Servicing fee income$1,973 $3,953 (1)Includes default interest and late fee collections.The Company recognized subservicing fee expenses in the amount of $0.2 million and $0.4 million related to MSRs during the three and six months ended June 30, 2025, respectively, which is included in portfolio operating expenses on the accompanying condensed consolidated statements of operations.

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12.      Other Assets and Other LiabilitiesOther AssetsThe following table presents the components of the Company's other assets as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands): June 30, 2025December 31, 2024Restricted cash (1)$106,671 $161,602 Accrued interest receivable64,474 62,075 Collections receivable from residential loan servicers49,157 50,294 Real estate owned45,363 47,651 Other receivables23,343 27,776 Mortgage servicing rights19,449 21,003 Recoverable advances on residential loans17,966 17,391 Other assets in consolidated multi-family properties14,552 16,640 Receivables from derivative counterparties11,119 11,059 Operating lease right-of-use assets4,872 5,460 Deferred tax assets3,846 10,864 Derivative assets (2)374 56 Other6,471 6,003   Total$367,657 $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 June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):June 30, 2025December 31, 2024Accrued interest payable$43,747 $41,015 Dividends and dividend equivalents payable32,452 30,280 Margin payable to derivative counterparties14,459 8,137 Unfunded commitments for residential and multi-family investments11,950 14,001 Accrued expenses11,