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 September 30, 2022 and December 31, 2021: | | | | | | | | | | | | | | | | Property Location by U.S. State | | September 30, 2022 | | December 31, 2021 | | California | | 34.2 | % | | 40.2 | % | | Florida | | 16.6 | % | | 14.9 | % | | Texas | | 10.5 | % | | 11.9 | % | | Utah | | 3.5 | % | | 2.9 | % | | Arizona | | 3.0 | % | | 2.1 | % | | North Carolina | | 2.6 | % | | 1.8 | % | | Georgia | | 2.4 | % | | 1.5 | % | | Tennessee | | 2.3 | % | | 1.6 | % | | Pennsylvania | | 2.1 | % | | 0.9 | % | | Massachusetts | | 1.9 | % | | 2.2 | % | | Nevada | | 1.9 | % | | 1.9 | % | | New Jersey | | 1.8 | % | | 1.1 | % | | Illinois | | 1.7 | % | | 2.0 | % | | Washington | | 1.7 | % | | 1.5 | % | | Colorado | | 1.6 | % | | 2.0 | % | | New York | | 1.3 | % | | 1.7 | % | | Oregon | | 1.3 | % | | 1.8 | % | | Maryland | | 1.0 | % | | 0.7 | % | | Connecticut | | 0.9 | % | | 1.2 | % | | Other | | 7.7 | % | | 6.1 | % | | | 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 September 30, 2022 and December 31, 2021: | | | | | | | | | | | | | | | | Property Location by U.S. State | | September 30, 2022 | | December 31, 2021 | | Florida | | 20.8 | % | | 32.3 | % | | Texas | | 11.7 | % | | — | % | | New York | | 10.6 | % | | 13.5 | % | | Arizona | | 9.3 | % | | 9.3 | % | | Georgia | | 6.7 | % | | — | % | | New Jersey | | 5.4 | % | | 5.1 | % | | Michigan | | 4.8 | % | | 4.9 | % | | Massachusetts | | 4.8 | % | | — | % | | Illinois | | 4.1 | % | | — | % | | Ohio | | 4.0 | % | | 7.3 | % | | Oklahoma | | 3.6 | % | | — | % | | North Carolina | | 3.3 | % | | 5.9 | % | | Tennessee | | 2.3 | % | | 7.7 | % | | Connecticut | | 1.9 | % | | 3.5 | % | | New Hampshire | | 1.9 | % | | 3.5 | % | | Louisiana | | 1.3 | % | | — | % | | Pennsylvania | | 1.3 | % | | — | % | | Rhode Island | | 1.1 | % | | — | % | | Missouri | | — | % | | 7.0 | % | | Other | | 1.1 | % | | — | % | | | 100.0 | % | | 100.0 | % |
September 30, 2022: | | | | | | | | | | | | | | | | | | | | | | | Amount of Exposure | | Number of Counterparties with Exposure | | Maximum Percentage of Exposure to a Single Counterparty(1) | | | (In thousands) | | | | | | Cash and cash equivalents | | $ | 175,230 | | | 7 | | | 56.8 | % | Collateral on repurchase agreements held by dealers(2) | | 3,488,212 | | | 24 | | | 24.5 | % | | Due from brokers | | 86,957 | | | 20 | | | 29.7 | % | Receivable for securities sold(3) | | 32,094 | | | 7 | | | 44.6 | % |
(1)Each counterparty is a financial institution that the Company believes to be creditworthy as of September 30, 2022. (2)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements. (3)Included in Investment related receivables on the Consolidated Balance Sheet. December 31, 2021: | | | | | | | | | | | | | | | | | | | | | | | 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. (2)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements. (3)Included in Investment related receivables on the Consolidated Balance Sheet. |