Quarterly report pursuant to Section 13 or 15(d)

Loans Held for Investment, at Fair Value

v3.23.2
Loans Held for Investment, at Fair Value
6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Loans Held for Investment, at Fair Value
10. Loans Held for Investment, at Fair Value
Loans held for investment, at fair value, consisted of the following for the dates indicated (in thousands):
June 30, 2023 December 31, 2022
Loans held for investment - UPB:
Reverse mortgage loans $ 663,279  $ 724,800 
Commercial mortgage loans 6,917  143,373 
Fair value adjustments 14,837  39,825 
Total loans held for investment, at fair value $ 685,033  $ 907,998 
As of June 30, 2023 and December 31, 2022, there were $3.5 million and $2.4 million, respectively, of commercial loans that were greater than 90 days past due.
As of June 30, 2023 and December 31, 2022, there were $555.6 million and $745.1 million, respectively, in loans held for investment, at fair value, pledged as collateral for financing lines of credit.