Loans Held for Sale, at Fair Value
|3 Months Ended|
Mar. 31, 2022
|Mortgage Loans Held for Sale At Fair Value [Abstract]|
|Loans Held for Sale, at Fair Value||
9. Loans Held for Sale, at Fair Value
Loans held for sale, at fair value, consisted of the following for the dates indicated (in thousands):
The table below shows the total amount of loans held for sale that were greater than 90 days past due and on
non-accrualstatus (in thousands):
The Company originates or purchases and sells loans in the secondary mortgage market without recourse for credit losses. However, the Company at times maintains continuing involvement with the loans in the form of servicing arrangements and the liability under representations and warranties it makes to purchasers and insurers of the loans.
The table below shows a reconciliation of the changes in loans held for sale for the respective periods presented below (in thousands):
As of March 31, 2022 and December 31, 2021, there were $1.7 million and $2.0 million, respectively, in loans held for sale, at fair value pledged as collateral for financing lines of credit.