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v3.23.2

Residential Whole Loans - Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | $ 33,062 | $ 35,314 | $ 35,457 | $ 39,447 | $ 35,314
Current provision/(reversal) | 265 | 315 | 1,830 | (3,467) |
Write-offs | (2,292) | (2,567) | (360) | (523) | (4,859)
Ending balance | 31,035 | 33,062 | 36,927 | 35,457 | 31,035
Allowance for loan loss | 31,035 | 33,062 | 36,927 | 35,457 | 31,035
Loans | 1,670,788 |  |  |  | 1,670,788
Non-QM loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 7,145 | 7,359 | 7,329 | 8,289 | 7,359
Current provision/(reversal) | (233) | (214) | (199) | (909) |
Write-offs | (206) | 0 | 0 | (51) |
Ending balance | 6,706 | 7,145 | 7,130 | 7,329 | 6,706
Allowance for loan loss | 6,706 | 7,145 | 7,130 | 7,329 | 6,706
Transitional loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 3,626 | 5,223 | 5,202 | 6,881 | 5,223
Current provision/(reversal) |  | 406 |  | (1,460) |
Write-offs |  | (2,003) |  | (219) |
Ending balance |  | 3,626 |  | 5,202 |
Allowance for loan loss |  | 3,626 |  | 5,202 |
Loans | 35,200 |  | 71,900 |  | 35,200
Transitional loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Current provision/(reversal) | 999 |  | (23) |  |
Write-offs | (1,785) |  | (118) |  |
Ending balance | 2,840 |  | 5,061 |  | 2,840
Allowance for loan loss | 2,840 |  | 5,061 |  | 2,840
Single-family rental loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 1,340 | 1,277 | 1,302 | 1,451 | 1,277
Current provision/(reversal) | (103) | 514 | 174 | (122) |
Write-offs | 0 | (451) | (184) | (27) |
Ending balance | 1,237 | 1,340 | 1,292 | 1,302 | 1,237
Allowance for loan loss | 1,237 | 1,340 | 1,292 | 1,302 | 1,237
Seasoned performing loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 46 | 48 | 45 | 46 | 48
Current provision/(reversal) | (4) | (2) | 1 | (1) |
Write-offs | 0 | 0 | 0 | 0 |
Ending balance | 42 | 46 | 46 | 45 | 42
Allowance for loan loss | 42 | 46 | 46 | 45 | 42
Purchased Credit Deteriorated Loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 20,905 | 21,407 | 21,579 | 22,780 | 21,407
Current provision/(reversal) | (394) | (389) | 1,877 | (975) |
Write-offs | (301) | (113) | (58) | (226) |
Ending balance | 20,210 | 20,905 | 23,398 | 21,579 | 20,210
Allowance for loan loss | 20,210 | $ 20,905 | 23,398 | $ 21,579 | 20,210
Loans | 55,500 |  | 63,800 |  | 55,500
Unfunded Loan Commitment |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Ending balance | 44 |  | 110 |  | 44
Commitment to lend, unfunded | 6,000 |  | 10,100 |  | 6,000
Allowance for loan loss | $ 44 |  | $ 110 |  | $ 44

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