Annual report pursuant to Section 13 and 15(d)

Concentrations of Risk (Tables)

v3.22.0.1
Concentrations of Risk (Tables) - Credit Concentration Risk
12 Months Ended
Dec. 31, 2021
Residential Mortgage  
Summary of Mortgages
The table below provides the percentage of residential mortgage loans serviced by the location in which the home securing the loan is located and is based on the outstanding UPB. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
 
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
California
  
 
43
     37
Washington
  
 
8
 
     8  
Oregon
  
 
6
 
     7  
Arizona
  
 
5
 
     6  
New Jersey
  
 
5
 
     5  
Other
  
 
33
 
     37  
    
 
 
    
 
 
 
    
 
100
     100
    
 
 
    
 
 
 
Residential Mortgage | GSE  
Summary of Mortgages
The following table provides the percentage of residential mortgage loans serviced by loans with GSEs (“Agency”) and those with private investors
(“Non-agency”)
by period.
 
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
Agency
  
 
97
     100
Non-Agency
  
 
3
 
     —    
    
 
 
    
 
 
 
Total
  
 
100
     100
    
 
 
    
 
 
 
Reverse Mortgage  
Summary of Mortgages The table below provides the percentage of reverse
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
California
  
 
45
     44
New York
  
 
8
 
     8  
Florida
  
 
5
 
     5  
Texas
  
 
5
 
     5  
Other
  
 
37
 
     38  
    
 
 
    
 
 
 
    
 
100
     100
    
 
 
    
 
 
 
Reverse Mortgage | GSE  
Summary of Mortgages
The following table provides the percentage of reverse mortgage loans serviced by loans with GSEs (“Agency”) and those with private investors
(“Non-agency”)
by period.
 
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
Agency
  
 
70
     72
Non-Agency
  
 
30
 
     28  
    
 
 
    
 
 
 
Total
  
 
100
     100
    
 
 
    
 
 
 
Non Agency Reverse Mortgage  
Summary of Mortgages The Company’s
non-agency
reverse mortgage production concentration by location is presented in the following table. The Company’s total origination volume in any other states did not exceed 5% of the total origination volume, and were included in the “Other” balance.
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
California
  
 
81
     84
Other
  
 
19
 
     16  
    
 
 
    
 
 
 
    
 
100
     100
    
 
 
    
 
 
 
Non Performing HECM Buyouts  
Summary of Mortgages The table below provides the percentage of securitized nonperforming HECM buyouts in the Company’s Consolidated Statements of Financial Condition by the location in which the home securing the loan is located and is based on their remaining UPBs. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
 
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
New York
  
 
17
     15
Puerto Rico
  
 
15
 
     21  
California
  
 
10
 
     9  
Texas
  
 
10
 
     9  
Florida
  
 
6
 
     5  
Other
  
 
42
 
     41  
    
 
 
    
 
 
 
    
 
100
     100
    
 
 
    
 
 
 
Commercial Mortgage  
Summary of Mortgages The table below provides the percentage of commercial loans on the Company’s Consolidated Statements of Financial Condition by the location in which the home securing the loan is located and is based on their remaining UPBs. “Other” consists of loans in states in which concentration individually represents less than 5% of total remaining UPB.
 
 
 
 
 
 
 
 
 
 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
Illinois
  
 
11
     7
New Jersey
  
 
7
 
     9  
Florida
  
 
6
 
     6  
California
  
 
5
 
     9  
Texas
  
 
5
 
     5  
New York
  
 
4
 
     7  
Minnesota
  
 
4
 
     5  
Connecticut
  
 
3
 
     5  
Other
  
 
55
 
     47  
    
 
 
    
 
 
 
    
 
100
     100