Quarterly report pursuant to Section 13 or 15(d)

Nonrecourse Debt, at Fair Value (Tables)

v3.21.2
Nonrecourse Debt, at Fair Value (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Instruments [Abstract]  
Summary of nonrecourse debt at fair value
Nonrecourse debt, at fair value, consisted of the following (in thousands):
 
    
Issue Date
   
Class of
 
Note
   
Final
Maturity
Date
   
Interest
Rate
    
Original Issue
Amount
     
September 30,
2021
     
December 31,
2020
  
                                
Successor
     
Predecessor
  
Securitization of nonperforming HECM loans
    February
2020 -
February
2021
    A, M1, M2,
M3, M4,
M5		    February
2030 -
February
2031
     
0.88
9.00
 % - 
% 
   $ 1,539,531     
$
951,251
      $ 775,030  
Securitization of
non-agency
reverse loans
    May
2018 -
September
2021
    A, A1, A1A,
A1B, A2		    April
2023 -
November
2069		     
1.25
4.50
 % - 
% 
     5,744,467     
 
4,435,064
        4,037,184  
Securitization of Fix & Flip loans
    September
2018 -
April
2021
    A1, A2,
A-VFN,
M		    May 2022
- May
2025		     
2.10
8.00
 % - 
% 
     1,002,424     
 
268,511
        342,793  
    
 
   
 
   
 
   
 
 
    
 
 
     
 
 
     
 
 
  
 
 
 
 
  
Issue Date
  
Class of
Note
 
  
Final
Maturity
Date
 
  
Interest
Rate
 
  
Original
Issue
Amount
 
  
September 30,
2021
 
  
December 31,
2020
 
 
  
 
  
 
 
  
 
 
  
 
 
  
 
 
  
Successor
 
  
Predecessor
 
Total nonrecourse debt
                                            
 
5,654,826
        5,155,007  
Nonrecourse MSR financing liability, at fair value
                                            
 
96,073
        14,088  
Fair value adjustments
                                            
 
80,184
        102,747  
                                             
 
 
     
 
 
  
Total nonrecourse debt, at fair value
                                            
$
5,831,083
      $ 5,271,842