The table below summarizes the geographic distribution of the real estate collateral underlying the Company's residential mortgage loans as a percentage of total outstanding unpaid principal balance as of December 31, 2022 and 2021:


Property Location by U.S. State	December 31, 2022		December 31, 2021
California	33.2	%	40.2	%
Florida	17.2	%	14.9	%
Texas	10.3	%	11.9	%
Utah	3.4	%	2.9	%
Arizona	3.1	%	2.1	%
North Carolina	2.8	%	1.8	%
Georgia	2.6	%	1.5	%
Pennsylvania	2.3	%	0.9	%
Tennessee	2.1	%	1.6	%
Massachusetts	1.9	%	2.2	%
Nevada	1.8	%	1.9	%
New Jersey	1.8	%	1.1	%
Colorado	1.7	%	2.0	%
Washington	1.7	%	1.5	%
Illinois	1.6	%	2.0	%
New York	1.4	%	1.7	%
Oregon	1.3	%	1.8	%
Ohio	1.1	%	0.7	%
Maryland	1.0	%	0.7	%
Connecticut	0.9	%	1.2	%
Other	6.8	%	5.4	%
	100.0	%	100.0	%

The table below summarizes the geographic distribution of the real estate collateral underlying the Company's commercial mortgage loans as a percentage of total outstanding unpaid principal balance as of December 31, 2022 and 2021:


Property Location by U.S. State	December 31, 2022		December 31, 2021
Florida	20.5	%	32.3	%
Texas	13.4	%	—	%
New York	9.4	%	13.5	%
Arizona	9.0	%	9.3	%
New Jersey	6.2	%	5.1	%
Massachusetts	5.5	%	—	%
Michigan	5.5	%	4.9	%
Georgia	5.4	%	—	%
Illinois	4.6	%	—	%
Oklahoma	4.2	%	—	%
Ohio	3.8	%	7.3	%
North Carolina	3.7	%	5.9	%
Connecticut	2.2	%	3.5	%
New Hampshire	2.2	%	3.5	%
Louisiana	1.5	%	—	%
Pennsylvania	1.5	%	—	%
Rhode Island	1.0	%	—	%
Tennessee	—	%	7.7	%
Missouri	—	%	7.0	%
Other	0.4	%	—	%
	100.0	%	100.0	%

The table below summarizes the geographic distribution of the real estate collateral underlying the Company's reverse mortgage loans as a percentage of total outstanding unpaid principal balance, as of December 31, 2022.


Property Location by U.S. State	December 31, 2022
California	31.5	%
Florida	9.1	%
Colorado	6.4	%
Arizona	5.7	%
Washington	4.9	%
Utah	4.5	%
Texas	4.0	%
Oregon	2.8	%
Massachusetts	2.4	%
Idaho	2.3	%
New York	2.2	%
Nevada	2.1	%
North Carolina	1.9	%
Virginia	1.7	%
Ohio	1.5	%
Maryland	1.4	%
New Jersey	1.4	%
South Carolina	1.4	%
Georgia	1.3	%
Pennsylvania	1.2	%
Tennessee	1.1	%
Other	9.2	%
	100.0	%


	Amount of Exposure		Number of Counterparties with Exposure	Maximum Percentage of Exposure to a Single Counterparty(1)
	(In thousands)
Cash and cash equivalents	$	217,053	13	41.3	%
Collateral on repurchase agreements held by dealers(2)	3,247,276		26	21.6	%
Due from brokers	36,761		20	22.8	%
Receivable for securities sold(3)	21,439		6	36.4	%

(1)Each counterparty is a financial institution that the Company believes to be creditworthy as of December 31, 2022.


	Amount of Exposure		Number of Counterparties with Exposure	Maximum Percentage of Exposure to a Single Counterparty(1)
	(In thousands)
Cash and cash equivalents	$	92,661	9	46.9	%
Collateral on repurchase agreements held by dealers(2)	2,822,847		23	33.5	%
Due from brokers	93,549		19	29.1	%
Receivable for securities sold(3)	11,014		3	50.7	%

(1)Each counterparty is a financial institution that the Company believes to be creditworthy as of December 31, 2022.