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Mortgage Loans (Tables) | 6 Months Ended
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Jun. 30, 2020
Mortgage Loans [Abstract] |
Schedule of loan portfolio basis by asset type | The following table presents information regarding the carrying value for the Company's RPL loans, NPL loans and SBC loans as of June 30, 2020 and December 31, 2019 ($ in thousands):
Loan portfolio basis by asset type |  | June 30, 2020 |  | December 31, 2019
Residential RPLs loans |  | $ | 1,048,146 |  |  | $ | 1,085,514 |
SBC/commercial loans |  | 4,240 |  |  | 35,086 |
Residential NPL loans |  | 28,231 |  |  | 30,869 |
Total |  | $ | 1,080,617 |  |  | $ | 1,151,469 |
Schedule of loan basis by year of origination | The following table presents information regarding the year of origination of the Company's mortgage loan portfolio by basis ($ in thousands):
| June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | 2009-2015 |  | 2006-2008 |  | 2005 and prior |  | Total
Great Ajax II REIT | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 225 |  |  | $ | 1,097 |  |  | $ | 32,025 |  |  | $ | 208,799 |  |  | $ | 66,450 |  |  | $ | 308,596 |
7f7 and better | — |  |  | — |  |  | 152 |  |  | 265 |  |  | 2,044 |  |  | 23,419 |  |  | 144,510 |  |  | 62,431 |  |  | 232,821 |
4f4-6f6 and below | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,934 |  |  | 120,362 |  |  | 40,559 |  |  | 174,855 |
2018-C | — |  |  | — |  |  | — |  |  | 123 |  |  | — |  |  | 7,100 |  |  | 95,544 |  |  | 34,356 |  |  | 137,123 |
California | — |  |  | — |  |  | — |  |  | 349 |  |  | 215 |  |  | 5,862 |  |  | 89,475 |  |  | 22,847 |  |  | 118,748 |
2017-D | — |  |  | — |  |  | 106 |  |  | 136 |  |  | 707 |  |  | 15,624 |  |  | 60,952 |  |  | 25,555 |  |  | 103,080 |
Non-PCD | — |  |  | 783 |  |  | 1,244 |  |  | 2,506 |  |  | 101 |  |  | 696 |  |  | 54 |  |  | 10 |  |  | 5,394 |
Total | $ | — |  |  | $ | 783 |  |  | $ | 1,502 |  |  | $ | 3,604 |  |  | $ | 4,164 |  |  | $ | 98,660 |  |  | $ | 719,696 |  |  | $ | 252,208 |  |  | $ | 1,080,617 |
Schedule of loan acquisition reconciliation between purchase price and par value | The following table presents a reconciliation between the purchase price and par value for the Company's loan acquisitions and originations for the three and six months ended June 30, 2020 ($ in thousands):
|  | Three months ended June 30, 2020 |  |  |  | Six months ended June 30, 2020 |  |
|  | PCD Loans |  | Non PCD Loans |  | PCD Loans |  | Non PCD Loans
Par |  | $ | — |  |  | $ | — |  |  | $ | 227 |  |  | $ | 1,952 |
Discount |  | — |  |  | — |  |  | (37) |  |  | (747) |
Allowance |  | — |  |  | — |  |  | (4) |  |  | — |
Purchase Price |  | $ | — |  |  | $ | — |  |  | $ | 186 |  |  | $ | 1,205 |
Allowance for credit losses on mortgage loans | An analysis of the balance in the allowance for loan losses account follows ($ in thousands):
| Three months ended June 30, |  |  |  | Six months ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Allowance for loan credit losses, beginning of period | $ | (16,136) |  |  | $ | (1,318) |  |  | $ | (1,960) |  |  | $ | (1,164) |
Beginning period adjustment for CECL | — |  |  | — |  |  | (10,156) |  |  | — |
Reversal of / (Increase in) provision for credit losses on mortgage loans | 1,525 |  |  | (85) |  |  | (597) |  |  | (239) |
Reversal of / (Increase in) allowance for loan credit losses | 161 |  |  | — |  |  | (1,737) |  |  | — |
Allowance for loan credit losses, end of period | $ | (14,450) |  |  | $ | (1,403) |  |  | $ | (14,450) |  |  | $ | (1,403) |
Schedule of carrying value of mortgage loans and related UPB by delinquency status | The following table sets forth the carrying value of the Company’s mortgage loans by delinquency status as of June 30, 2020 and December 31, 2019 ($ in thousands):
|  | June 30, 2020 |  |  |  |  |  |  |  |  |  |
|  | Current |  | 30 |  | 60 |  | 90 |  | Foreclosure |  | Total
Great Ajax II REIT |  | $ | 254,360 |  |  | $ | 21,214 |  |  | $ | 19,437 |  |  | $ | 13,484 |  |  | $ | 101 |  |  | $ | 308,596 |
7f7 and better |  | 163,097 |  |  | 22,875 |  |  | 21,155 |  |  | 25,181 |  |  | 512 |  |  | 232,820 |
2018-C |  | 96,276 |  |  | 18,616 |  |  | 17,081 |  |  | 35,369 |  |  | 7,512 |  |  | 174,854 |
2017-D |  | 83,239 |  |  | 15,549 |  |  | 12,160 |  |  | 23,899 |  |  | 2,274 |  |  | 137,121 |
California |  | 80,421 |  |  | 9,721 |  |  | 8,926 |  |  | 17,918 |  |  | 1,761 |  |  | 118,747 |
4f4- 6f6 and below |  | 12,493 |  |  | 6,706 |  |  | 7,617 |  |  | 49,172 |  |  | 27,092 |  |  | 103,080 |
Non-PCD |  | 1,427 |  |  | 251 |  |  | 1,936 |  |  | 1,785 |  |  | — |  |  | 5,399 |
Total |  | $ | 691,313 |  |  | $ | 94,932 |  |  | $ | 88,312 |  |  | $ | 166,808 |  |  | $ | 39,252 |  |  | $ | 1,080,617 |
|  | December 31, 2019 |  |  |  |  |  |  |  |  |  |
|  | Current |  | 30 |  | 60 |  | 90 |  | Foreclosure |  | Total
Great Ajax II REIT |  | $ | 265,677 |  |  | $ | 37,553 |  |  | $ | 14,034 |  |  | $ | 4,597 |  |  | $ | — |  |  | $ | 321,861 |
7f7 and better |  | 147,722 |  |  | 29,371 |  |  | 22,645 |  |  | 28,864 |  |  | 1,829 |  |  | 230,431 |
2018-C |  | 75,253 |  |  | 33,904 |  |  | 19,756 |  |  | 42,315 |  |  | 8,074 |  |  | 179,302 |
2017-D |  | 68,996 |  |  | 28,318 |  |  | 14,452 |  |  | 33,166 |  |  | 3,188 |  |  | 148,120 |
California |  | 90,658 |  |  | 12,733 |  |  | 9,123 |  |  | 20,737 |  |  | 1,173 |  |  | 134,424 |
4f4- 6f6 and below |  | 6,412 |  |  | 4,329 |  |  | 12,946 |  |  | 66,177 |  |  | 24,033 |  |  | 113,897 |
Non-PCD |  | 21,425 |  |  | — |  |  | 850 |  |  | 1,159 |  |  | — |  |  | 23,434 |
Total |  | $ | 676,143 |  |  | $ | 146,208 |  |  | $ | 93,806 |  |  | $ | 197,015 |  |  | $ | 38,297 |  |  | $ | 1,151,469 |

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