Quarterly report pursuant to Section 13 or 15(d)

Loans Held for Investment, at Fair Value

v3.22.2.2
Loans Held for Investment, at Fair Value
9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Loans Held for Investment, at Fair Value
8. Loans Held for Investment, at Fair Value
Loans held for investment, at fair value, consisted of the following for the dates indicated (in thousands):
September 30, 2022 December 31, 2021
Loans held for investment - UPB:
Reverse mortgage loans $ 1,078,048  $ 815,426 
Commercial mortgage loans 181,001  89,267 
Fair value adjustments 48,364  126,635 
Total loans held for investment, at fair value $ 1,307,413  $ 1,031,328 
As of September 30, 2022 and December 31, 2021, there were $1.6 million and $2.3 million, respectively, of commercial loans that were greater than 90 days past due.
As of September 30, 2022 and December 31, 2021, there were $1,118.4 million and $810.6 million, respectively, in loans held for investment, at fair value, pledged as collateral for financing lines of credit.