Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Loans Held for Investment, Subject to Nonrecourse Debt, at Fair Value
9. 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 (in thousands):
September 30, 2023 December 31, 2022
Loans held for investment, subject to nonrecourse debt - UPB:
Reverse mortgage loans $ 8,200,222  $ 7,240,125 
Commercial mortgage loans 191,111  405,970 
Fair value adjustments (478,574) (191,457)
Total loans held for investment, subject to nonrecourse debt, at fair value $ 7,912,759  $ 7,454,638 

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):
September 30, 2023 December 31, 2022
Loans 90 days or more past due and on non-accrual status
Fair value:
Commercial mortgage loans $ 33,391  $ 21,325 
Aggregate UPB:
Commercial mortgage loans 37,053  24,023 
Difference $ (3,662) $ (2,698)