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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
Schedule IV - Mortgage Loans on Real Estate | Schedule IV - Mortgage Loans on Real Estate December 31, 2023
Asset Type |  | Number |  | Interest Rate |  | Maturity Date Range |  | Balance Sheet Reported Amount |  | Principal Amount of Loans Subject to Delinquent Principal or Interest
(Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
Residential Whole Loans |  |  |  |  |  |  |  |  |  |
Original loan balance $0 - $149,999 |  | 7,596 |  |  | 0.00% - 16.00% |  | 7/26/2016-4/1/2062 |  | $ | 663,042 |  |  | $ | 45,934 |
Original loan balance $150,000 - $299,999 |  | 8,130 |  |  | 0.00% - 14.65% |  | 3/10/2013-11/1/2063 |  | 1,474,946 |  |  | 105,669 |
Original loan balance $300,000 - $449,999 |  | 3,840 |  |  | 0.00% - 13.88% |  | 12/1/2018-1/1/2066 |  | 1,151,268 |  |  | 90,826 |
Original loan balance greater than $449,999 |  | 5,835 |  |  | 0.70% - 15.00% |  | 12/1/2018-9/1/2071 |  | 5,668,833 |  |  | 266,084 |
|  | 25,401 |  |  |  |  |  |  | $ | 8,958,089 |  | (1)(2) | $ | 508,513 |
(1)Excludes an allowance for loan losses of $20.5 million at December 31, 2023. Also excludes approximately $103.7 million of Residential whole loans, at fair value for which the closing of the purchase transaction had not occurred as of December 31, 2023. (2)The federal income tax basis is approximately $4.2 billion. Reconciliation of Balance Sheet Reported Amounts of Mortgage Loans on Real Estate The following table summarizes the changes in the carrying amounts of residential whole loans during the year ended December 31, 2023:
|  | For the Year Ended December 31, 2023
(In Thousands) |  | Residential Whole Loans
Beginning Balance |  | $ | 7,518,739 |
Additions during period: |  |
Purchases |  | $ | 2,986,617 |
Premium amortization/discount accretion, net |  | 13,819 |
Reversal of provision for loan loss |  | 14,863 |
Changes in fair value recorded in gain/(loss) on loans recorded at fair value |  | 114,065 |
Deductions during period: |  |
Repayments |  | $ | (1,437,711) |
Loan sales and repurchases |  | (94,624) |
Impairment on carrying value loans |  | (1,240) |
Transfer to REO |  | (73,236) |
Ending Balance |  | $ | 9,041,292 |

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding 3 percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479851/948-310-S99-1 + Details
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