Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Outstanding Commitments

The below table details the Company's outstanding commitments as of September 30, 2024 (in thousands).

Commitment type	Date of Commitment	Total Commitment		Funded Commitment		Remaining Commitment
Non-Agency and Agency-Eligible Loans (1)	Various	$	40,986	$	—	$	40,986
Home Equity Loans (2)	Various	11,563		—		11,563
Total		$	52,549	$	—	$	52,549

(1)The Company entered into forward purchase commitments to acquire certain Non-Agency and Agency-Eligible Loans from Arc Home which have not yet settled as of September 30, 2024. The total commitment amount represents the agreed upon purchase price of any outstanding unpaid principal balance the Company has committed to purchase. Refer to Note 10 "Transactions with affiliates" for more information.

(2)Represents the undrawn portion of a borrowers' home equity line of credit.