Annual report pursuant to Section 13 and 15(d)

Loans Held for Investment, at Fair Value

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Loans Held for Investment, at Fair Value
12 Months Ended
Dec. 31, 2021
Loans Held for Investment At Fair Value [Abstract]  
Loans Held for Investment, at Fair Value
9. Loans Held for Investment, at Fair Value
Loans held for investment, at fair value, consisted of the following for the dates indicated (in thousands):
                 
    
December 31, 2021
    
December 31, 2020
 
    
Successor
    
Predecessor
 
Loans held for investment—UPB:
      
 
        
Reverse mortgage loans
  
$
815,426
 
   $ 589,429  
Commercial mortgage loans
  
 
89,267
 
     69,127  
Fair value adjustments
     126,635        72,265  
    
 
 
    
 
 
 
Total loans held for investment, at fair value
  
$
1,031,328
 
   $ 730,821  
    
 
 
    
 
 
 
As of December 31, 2021 (Successor) and December 31, 2020 (Predecessor), there were $2.3 million and $2.1 million, respectively, of commercial loans that were greater than 90 days past due.
As of December 31, 2021 (Successor), there were $810.6 million in loans held for investment, at fair value pledged as collateral for financing lines of credit.