| Reverse Mortgages Portfolio Composition |
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Reverse Mortgages Portfolio Composition | The table below summarizes the Company’s serviced reverse mortgage portfolio composition and the remaining UPBs of the reverse mortgage loan portfolio (in thousands):
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Reverse mortgage loans held for investment, subject to HMBS related obligations |
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$ |
9,045,104 |
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Reverse mortgage loans held for investment: |
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Non-agency reverse mortgages |
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215,688 |
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168,292 |
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197,395 |
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8,054 |
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Total reverse mortgage loans held for investment |
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589,429 |
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Reverse mortgage loans held for investment, subject to nonrecourse debt: |
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141,691 |
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Nonperforming HECM buyouts |
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538,768 |
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Non-agency reverse mortgages |
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3,777,346 |
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Total reverse mortgage loans held for investment, subject to nonrecourse debt |
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4,457,805 |
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Total owned reverse mortgage portfolio |
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14,092,338 |
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Loans reclassified as government guaranteed receivable |
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49,255 |
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Loans serviced for others |
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123,324 |
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Total serviced reverse mortgage loan portfolio |
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$ |
14,264,917 |
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Loans not securitized represent primarily newly originated loans. |
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Unpoolable loans represent primarily loans that have reached 98% of their MCA. | The table below summarizes the owned reverse mortgage portfolio by product type (in thousands):
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$ |
5,010,659 |
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9,081,679 |
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Total owned reverse mortgage portfolio |
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$ |
14,092,338 |
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