Quarterly report pursuant to Section 13 or 15(d)

HMBS Related Obligations, at Fair Value

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HMBS Related Obligations, at Fair Value
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
HMBS Related Obligations, at Fair Value
9. HMBS Related Obligations, at Fair Value
HMBS related obligations, at fair value, consisted of the following (in thousands):
March 31, 2024 December 31, 2023
Ginnie Mae loan pools - UPB $ 17,113,496  $ 16,875,437
Fair value adjustments 713,564  478,283
Total HMBS related obligations, at fair value $ 17,827,060  $ 17,353,720
Weighted average remaining life (in years) 4.0 4.1
Weighted average interest rate 6.4  % 6.6  %
The Company was servicing 2,622 and 2,552 Ginnie Mae loan pools at March 31, 2024 and December 31, 2023, respectively.