Annual report [Section 13 and 15(d), not S-K Item 405]

Interest Income and Interest Expense (Tables)

v3.25.0.1
Interest Income and Interest Expense (Tables)
 12 Months Ended
Dec. 31, 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 year ended December 31, 2024 For the year ended December 31, 2023
Interest income:
Interest income on mortgage loans(1)
$ 1,890,700  $ 1,617,954 
Other interest income 14,514  10,923 
Total portfolio interest income 1,905,214  1,628,877 
Interest expense:
Interest expense on HMBS and nonrecourse obligations(1)
(1,559,341) (1,273,159)
Interest expense on other financing lines of credit (77,945) (87,839)
Total portfolio interest expense (1,637,286) (1,360,998)
Net portfolio interest income 267,928  267,879 
Non-portfolio interest income 1,913  1,270 
Non-funding interest expense (Note 17 - Notes Payable, Net)
 (41,411) (30,889)
Non-funding interest expense, net (39,498) (29,619)
Net interest income $ 228,430  $ 238,260 
(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.