| Reverse Mortgage Portfolio Composition |
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Reverse Mortgage Portfolio Composition |
The table below summarizes the composition and the remaining UPB (in thousands) of the reverse mortgage loan portfolio serviced by the Company:
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Reverse mortgage loans held for investment, subject to HMBS related obligations |
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$ |
9,849,835 |
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Reverse mortgage loans held for investment: |
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Non-agency reverse mortgages |
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432,144 |
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266,723 |
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104,551 |
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12,008 |
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Total reverse mortgage loans held for investment |
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815,426 |
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Reverse mortgage loans held for investment, subject to nonrecourse debt: |
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289,089 |
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Nonperforming HECM buyouts |
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590,729 |
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Non-agency reverse mortgages |
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4,285,661 |
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Total reverse mortgage loans held for investment, subject to nonrecourse debt |
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5,165,479 |
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Total owned reverse mortgage portfolio |
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15,830,740 |
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Loans reclassified as government guaranteed receivable |
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48,625 |
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Loans serviced for others |
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17,840 |
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Total serviced reverse mortgage loan portfolio |
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$ |
15,897,205 |
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Loans not securitized represent primarily newly originated loans
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Unpoolable loans represent primarily loans that have reached 98% of their MCA . |
The table below summarizes the reverse mortgage portfolio owned by the Company by product type (in thousands):
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$ |
5,384,865 |
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10,445,875 |
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Total owned reverse mortgage portfolio |
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$ |
15,830,740 |
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As of June 30, 2022 and December 31, 2021, there were $546.9 million and $599.1 million, respectively, of foreclosure proceedings in process, which are included in loans held for investment, at fair value, on the Condensed Consolidated Statements of Financial Condition.
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