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v3.22.2.2

Residential Whole Loans - Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | $ 36,927 | $ 35,457 | $ 39,447 | $ 54,261 | $ 63,244 | $ 86,833 | $ 39,447
Current provision/(reversal) | 547 | 1,830 | (3,467) | (9,626) | (8,583) | (22,372) |
Write-offs | (282) | (360) | (523) | (533) | (400) | (1,217) | (1,165)
Ending balance | 37,192 | 36,927 | 35,457 | 44,102 | 54,261 | 63,244 | 37,192
Allowance for loan loss | 37,192 | 36,927 | 35,457 | 44,102 | 54,261 | 63,244 | 37,192
Loans | 1,915,277 |  |  |  |  |  | 1,915,277
Non-QM loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 7,130 | 7,329 | 8,289 | 12,092 | 14,545 | 21,068 | 8,289
Current provision/(reversal) | (242) | (199) | (909) | (2,403) | (2,416) | (6,523) |
Write-offs | 0 | 0 | (51) |  | (37) | 0 |
Ending balance | 6,888 | 7,130 | 7,329 | 9,689 | 12,092 | 14,545 | 6,888
Allowance for loan loss | 6,888 | 7,130 | 7,329 | 9,689 | 12,092 | 14,545 | 6,888
Residential transition loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 5,061 | 5,202 | 6,881 | 11,604 | 13,668 | 18,371 | 6,881
Current provision/(reversal) | 583 | (23) | (1,460) | (2,526) | (1,809) | (3,700) |
Write-offs | (114) | (118) | (219) | (393) | (255) | (1,003) |
Ending balance | 5,530 | 5,061 | 5,202 | 8,685 | 11,604 | 13,668 | 5,530
Allowance for loan loss | 5,530 | 5,061 | 5,202 | 8,685 | 11,604 | 13,668 | 5,530
Loans | 66,700 |  |  | 94,900 |  |  | 66,700
Single-family rental loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 1,292 | 1,302 | 1,451 | 2,360 | 2,746 | 3,918 | 1,451
Current provision/(reversal) | 83 | 174 | (122) | (670) | (386) | (1,172) |
Write-offs | (61) | (184) | (27) | (56) | 0 | 0 |
Ending balance | 1,314 | 1,292 | 1,302 | 1,634 | 2,360 | 2,746 | 1,314
Allowance for loan loss | 1,314 | 1,292 | 1,302 | 1,634 | 2,360 | 2,746 | 1,314
Seasoned performing loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 46 | 45 | 46 | 57 | 66 | 107 | 46
Current provision/(reversal) | 3 | 1 | (1) | (7) | (9) | (41) |
Write-offs | 0 | 0 | 0 | 0 | 0 | 0 |
Ending balance | 49 | 46 | 45 | 50 | 57 | 66 | 49
Allowance for loan loss | 49 | 46 | 45 | 50 | 57 | 66 | 49
Purchased Credit Deteriorated Loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 23,398 | 21,579 | 22,780 | 28,148 | 32,219 | 43,369 | 22,780
Current provision/(reversal) | 120 | 1,877 | (975) | (4,020) | (3,963) | (10,936) |
Write-offs | (107) | (58) | (226) | (84) | (108) | (214) |
Ending balance | 23,411 | 23,398 | 21,579 | 24,044 | 28,148 | 32,219 | 23,411
Allowance for loan loss | 23,411 | $ 23,398 | $ 21,579 | 24,044 | $ 28,148 | $ 32,219 | 23,411
Loans | 56,200 |  |  | 57,400 |  |  | 56,200
Unfunded Loan Commitment |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Ending balance | 84 |  |  | 355 |  |  | 84
Commitment to lend, unfunded | 8,400 |  |  | 29,200 |  |  | 8,400
Allowance for loan loss | $ 84 |  |  | $ 355 |  |  | $ 84

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