Quarterly report pursuant to Section 13 or 15(d)

Mortgage Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value (Tables)

v3.21.2
Mortgage Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value (Tables)
9 Months Ended
Sep. 30, 2021
Mortgage Loans Held For Investment Subject To Nonrecourse Debt At Fair Value [Abstract]  
Schedule of mortgage loans held for investment subject to nonrecourse debt at fair value
Mortgage loans held for investment, subject to nonrecourse debt, at fair value, consisted of the following for the dates indicated (in thousands):
 
    
September 30, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
Mortgage loans held for investment, subject to nonrecourse debt - UPB:
      
 
        
Reverse mortgage loans
  
$
4,986,876
     $ 4,457,805  
Commercial mortgage loans
    
268,288
       333,344  
Fair value adjustments
    
684,487
       605,018  
    
 
 
    
 
 
 
Total mortgage loans held for investment, subject to nonrecourse debt, at fair value
  
$
5,939,651
     $ 5,396,167  
    
 
 
    
 
 
 
Schedule of mortgage loans held for investment, subject to nonrecourse debt that were greater than 90 days past due and on non-accrual status
The table below shows the total amount of mortgage loans held for investment, subject to nonrecourse debt that were greater than 90 days past due and on
non-accrual
status (in thousands):
 
    
September 30, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
Loans 90 days or more past due and on
non-accrual
status
      
 
        
Fair value:
      
 
        
Commercial mortgage loans
  
$
30,720
     $ 32,377  
    
 
 
    
 
 
 
Total fair value
  
 
30,720
       32,377  
    
 
 
    
 
 
 
Aggregate UPB:
                 
Commercial mortgage loans
    
30,871
       33,888  
Total aggregate UPB
  
 
30,871
       33,888  
    
 
 
    
 
 
 
Difference
  
$
(151
   $ (1,511