Quarterly report pursuant to Section 13 or 15(d)

Interest Income and Interest Expense (Tables)

v3.24.3
Interest Income and Interest Expense (Tables)
 9 Months Ended
Sep. 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 September 30, 2024 For the three months ended September 30, 2023 For the nine months ended September 30, 2024 For the nine months ended September 30, 2023
Interest income:
Interest income on mortgage loans(1)
$ 486,349  $ 439,881  $ 1,420,634  $ 1,160,836 
Other interest income 3,551  4,118  11,336  8,788 
Total portfolio interest income 489,900  443,999  1,431,970  1,169,624 
Interest expense:
Interest expense on HMBS and nonrecourse obligations(1)
(406,473) (352,161) (1,173,713) (902,028)
Interest expense on other financing lines of credit (20,366) (20,298) (59,548) (68,400)
Total portfolio interest expense (426,839) (372,459) (1,233,261) (970,428)
Net portfolio interest income 63,061  71,540  198,709  199,196 
Non-portfolio interest income 789  325  1,448  946 
Non-funding interest expense (10,008) (7,667) (28,087) (22,855)
Non-funding interest expense, net (9,219) (7,342) (26,639) (21,909)
Net interest income $ 53,842  $ 64,198  $ 172,070  $ 177,287 
(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, other loans held for investment, HMBS related obligations, and nonrecourse debt.