Quarterly report pursuant to Section 13 or 15(d)

Interest Income and Interest Expense (Tables)

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Interest Income and Interest Expense (Tables)
 6 Months Ended
Jun. 30, 2024
Banking and Thrift, Interest [Abstract]  
Schedule of Interest Income and Interest Expense
Interest income and interest expense from continuing operations consisted of the following (in thousands):
For the three months ended June 30, 2024 For the three months ended June 30, 2023 For the six months ended June 30, 2024 For the six months ended June 30, 2023
Interest income:
Interest income on mortgage loans(1)
$ 474,251  $ 411,461  $ 934,285  $ 720,955 
Other interest income 3,840  3,200  7,785  4,670 
Total portfolio interest income 478,091  414,661  942,070  725,625 
Interest expense:
Interest expense on HMBS and nonrecourse obligations(1)
(393,504) (325,476) (767,240) (549,867)
Interest expense on other financing lines of credit (19,114) (24,106) (39,182) (48,102)
Total portfolio interest expense (412,618) (349,582) (806,422) (597,969)
Net portfolio interest income 65,473  65,079  135,648  127,656 
Non-portfolio interest income 338  —  659  621 
Non-funding interest expense (9,606) (7,628) (18,079) (15,188)
Non-funding interest expense, net (9,268) (7,628) (17,420) (14,567)
Net interest income $ 56,205  $ 57,451  $ 118,228  $ 113,089 
(1) Amounts include interest income and expense on all loans held for investment, subject to HMBS related obligations, loans held for investment, subject to nonrecourse debt, loans held for investment, HMBS related obligations, and nonrecourse debt.