SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2023

Subsequent Events [Abstract]

Subsequent Events

20.  SUBSEQUENT EVENTS

In April 2023, the Company completed and closed the securitization of residential mortgage loans, OBX 2023-NQM3, with a face value of $407.5 million. The securitization represents financing transactions which provided non-recourse financing to the Company collateralized by residential mortgage loans purchased by the Company.

In April 2023, the Company closed a new $250 million credit facility for the Company’s residential mortgage loans.