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Mortgage Loans in Process of Securitization
3 Months Ended
Mar. 31, 2024
Mortgage Loans in Process of Securitization.  
Mortgage Loans in Process of Securitization

Note 3:   Mortgage Loans in Process of Securitization

Mortgage loans in process of securitization are recorded at fair value with changes in fair value recorded in earnings. These include multi-family rental real estate loan originations to be sold as Ginnie Mae mortgage-backed securities, and Fannie Mae and Freddie Mac participation certificates, all of which are pending settlements under firm

investor commitments to purchase the securities, typically occurring within 30 days. The fair value increases recorded in earnings for mortgage loans in process of securitization totaled $0.7 million and $4.0 million for the three months ended March 31, 2024 and 2023, respectively.