SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

22.  SUBSEQUENT EVENTS

In October 2021, the Company completed and closed the securitizations of residential mortgage loans, OBX 2021-J3 Trust and OBX 2021-INV2, with face values of $453.6 million and $343.6 million, respectively. The securitizations represented financing

transactions which provided non-recourse financing to the Company collateralized by residential mortgage loans purchased by the Company.

In October 2021, the Company completed and closed the fundraising period for the Fund Entities. Through the conclusion of the fundraising period, an aggregate of $371.4 million in capital was committed to the Fund Entities.