Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.1
Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value (Tables)
3 Months Ended
Mar. 31, 2022
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
Loans held for investment, subject to nonrecourse debt, at fair value, consisted of the following for the dates indicated (in thousands):
 
    
March 31,
2022
    
December 31,
2021
 
Loans held for investment, subject to nonrecourse debt - UPB:
                 
Reverse mortgage loans
  
$
5,481,952
 
   $ 5,165,479  
Commercial mortgage loans
  
 
404,974
 
     388,788  
Fair value adjustments
  
 
349,064
 
     663,927  
    
 
 
    
 
 
 
Total loans held for investment, subject to nonrecourse debt, at fair value
  
$
6,235,990
 
   $ 6,218,194  
    
 
 
    
 
 
 
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 loans held for investment, subject to nonrecourse debt, that were greater than 90 days past due and on
non-accrual
status (in thousands):
 
    
March 31,
2022
    
December 31,
2021
 
Loans 90 days or more past due and on
non-accrual
status
                 
Fair value:
                 
Commercial mortgage loans
  
$
23,399
 
   $ 26,081  
    
 
 
    
 
 
 
Total fair value
  
 
23,399
 
     26,081  
    
 
 
    
 
 
 
Aggregate UPB:
                 
Commercial mortgage loans
  
 
23,697
 
     26,472  
    
 
 
    
 
 
 
Total aggregate UPB
  
 
23,697
 
     26,472  
    
 
 
    
 
 
 
Difference
  
$
(298
   $ (391