Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

Schedule IV - Mortgage Loans on Real Estate

December 31, 2023


Asset Type	Number	Interest Rate	Maturity Date Range	Balance Sheet Reported Amount			Principal Amount of Loans Subject to Delinquent Principal or Interest
(Dollars in Thousands)
Residential Whole Loans
Original loan balance $0 - $149,999	7,596	0.00% - 16.00%	7/26/2016-4/1/2062	$	663,042		$	45,934
Original loan balance $150,000 - $299,999	8,130	0.00% - 14.65%	3/10/2013-11/1/2063	1,474,946			105,669
Original loan balance $300,000 - $449,999	3,840	0.00% - 13.88%	12/1/2018-1/1/2066	1,151,268			90,826
Original loan balance greater than $449,999	5,835	0.70% - 15.00%	12/1/2018-9/1/2071	5,668,833			266,084
	25,401			$	8,958,089	(1)(2)	$	508,513

(1)Excludes an allowance for loan losses of $20.5 million at December 31, 2023. Also excludes approximately $103.7 million of Residential whole loans, at fair value for which the closing of the purchase transaction had not occurred as of December 31, 2023.

(2)The federal income tax basis is approximately $4.2 billion.

Reconciliation of Balance Sheet Reported Amounts of Mortgage Loans on Real Estate

The following table summarizes the changes in the carrying amounts of residential whole loans during the year ended December 31, 2023:


	For the Year Ended December 31, 2023
(In Thousands)	Residential Whole Loans
Beginning Balance	$	7,518,739
Additions during period:
Purchases	$	2,986,617
Premium amortization/discount accretion, net	13,819
Reversal of provision for loan loss	14,863
Changes in fair value recorded in gain/(loss) on loans recorded at fair value	114,065

Deductions during period:
Repayments	$	(1,437,711)
Loan sales and repurchases	(94,624)
Impairment on carrying value loans	(1,240)
Transfer to REO	(73,236)
Ending Balance	$	9,041,292