Quarterly report pursuant to Section 13 or 15(d)

Concentrations of Risk (Tables)

v3.21.2
Concentrations of Risk (Tables) - Credit Concentration Risk
 6 Months Ended
Jun. 30, 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.
 
    
June 30, 2021
         
December 31, 2020
  
    
Successor
         
Predecessor
  
California
   
 
36
% 
  
 
     37 % 
Oregon
   
 
8
    
 
     7  
Washington
   
 
8
    
 
     8  
Arizona
   
 
6
    
 
     6  
New Jersey
   
 
5
    
 
     5  
Other
   
 
37
    
 
     37  
    
 
 
        
 
 
  
    
 
100
% 
         100 % 
    
 
 
        
 
 
  
Reverse Mortgage  
Summary of Mortgages The table below provides the percentage of reverse loans 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.
    
June 30, 2021
    
 
  
December 31, 2020
  
    
Successor
         
Predecessor
  
California
   
 
44
% 
  
 
     44 % 
New York
   
 
8
    
 
     8  
Florida
   
 
5
    
 
     5  
Texas
   
 
5
    
 
     5  
Other
   
 
38
    
 
     38  
    
 
 
        
 
 
  
    
 
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.
    
June 30, 2021
          
December 31, 2020
  
    
Successor
    
 
   
Predecessor
  
California
   
 
79
% 
  
 
      84 % 
Other
   
 
21
    
 
      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.
    
June 30, 2021
          
December 31, 2020
  
    
Successor
          
Predecessor
  
Puerto Rico
   
 
16
% 
  
 
      21 % 
New York
   
 
16
    
 
      15  
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 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.
    
June 30, 2021
          
December 31, 2020
  
    
Successor
          
Predecessor
  
Illinois
   
 
7
% 
  
 
      7 % 
Minnesota
   
 
8
    
 
      5  
New Jersey
   
 
6
    
 
      9  
New York
   
 
3
    
 
      7  
California
   
 
4
    
 
      9  
Connecticut
   
 
2
    
 
      5  
Florida
   
 
5
    
 
      6  
Texas
   
 
5
    
 
      5  
New Mexico
   
 
13
    
 
      1  
Other
   
 
47
    
 
      46  
    
 
 
         
 
 
  
    
 
100
% 
          100 %