Quarterly report pursuant to Section 13 or 15(d)

Loans Held for Investment, at Fair Value

v3.22.2
Loans Held for Investment, at Fair Value
6 Months Ended
Jun. 30, 2022
Mortgage Loans Held for Investment At Fair Value [Abstract]  
Loans Held for Investment, at Fair Value
8.
Loans Held for Investment, at Fair Value
Loans held for investment, at fair value, consisted of the following for the dates indicated (in
thousands
):
 
    
June 30, 2022
    
December 31, 2021
 
Loans held for investment—UPB:
                 
Reverse mortgage loans
  
$
871,671
 
   $ 815,426  
Commercial mortgage loans
  
 
108,322
 
     89,267  
Fair value adjustments
  
 
78,417
 
     126,635  
    
 
 
    
 
 
 
Total loans held for investment, at fair value
  
$
1,058,410
 
   $ 1,031,328  
    
 
 
    
 
 
 
As of June 30, 2022 and December 31, 2021, there were $2.5 million and $2.3 million, respectively, of commercial loans that were greater than 90 days past due.
As of June 30, 2022 and December 31, 2021, there were $857.8 million and $810.6 million, respectively, in loans held for investment, at fair value, pledged as collateral for financing lines of credit.