HMBS Related Obligations, at Fair Value

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

HMBS Related Obligations, at Fair Value

14. HMBS Related Obligations, at Fair Value

HMBS related obligations, at fair value, consisted of the following (in thousands):

	December 31, 2023			December 31, 2022
Ginnie Mae loan pools - UPB	$	16,875,437		$	10,719,000
Fair value adjustments	478,283			277,755
Total HMBS related obligations, at fair value	$	17,353,720		$	10,996,755
Weighted average remaining life (in years)	4.1			4.0
Weighted average interest rate	6.6		%	5.0		%

The Company was servicing 2,552 and 2,004 Ginnie Mae loan pools at December 31, 2023 and December 31, 2022, respectively.