Annual report pursuant to Section 13 and 15(d)

Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value

v3.22.4
Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value
8. Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value
Loans held for investment, subject to nonrecourse debt, at fair value, consisted of the following for the dates indicated (in thousands):
December 31, 2022 December 31, 2021
Loans held for investment, subject to nonrecourse debt - UPB:
Reverse mortgage loans $ 7,240,125  $ 5,165,479 
Commercial mortgage loans 405,970  388,788 
Fair value adjustments (191,457) 663,927 
Total loans held for investment, subject to nonrecourse debt, at fair value $ 7,454,638  $ 6,218,194 

The table below shows the total amount of loans held for investment, subject to nonrecourse debt, that were greater than 90 days past due and on non-accrual status (in thousands):
December 31, 2022 December 31, 2021
Loans 90 days or more past due and on non-accrual status
Fair value:
Commercial mortgage loans $ 21,325  $ 26,081 
Total fair value 21,325  26,081 
Aggregate UPB:
Commercial mortgage loans 24,023  26,472 
Total aggregate UPB 24,023  26,472 
Difference $ (2,698) $ (391)