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Mortgage Loans (Tables)
 6 Months Ended
Jun. 30, 2021
Mortgage Loans [Abstract]  
Schedule of loan portfolio basis by asset type
The following table presents information regarding the carrying value for the Company's RPLs, NPLs and SBC loans as of June 30, 2021 and December 31, 2020 ($ in thousands):

Loan portfolio basis by asset typeJune 30, 2021December 31, 2020
Residential RPLs$897,516 $1,057,454 
Residential NPLs36,820 38,724 
SBC loans21,292 23,194 
Total$955,628 $1,119,372 
Schedule of loan basis by year of origination The following table presents information regarding the year of origination of the Company's mortgage loan portfolio by basis as of June 30, 2021 and December 31, 2020 ($ in thousands):
June 30, 2021
2021202020192018201720162009-20152006-20082005 and priorTotal
Great Ajax II REIT$— $755 $180 $707 $488 $2,010 $50,595 $374,493 $137,438 $566,666 
California— 1,714 — 635 368 — 4,408 45,819 11,527 64,471 
7f7 and better— — 1,080 107 427 451 16,202 90,714 35,537 144,518 
4f4-6f6 and below— 110 1,733 2,060 195 146 23,445 89,161 34,687 151,537 
Non-PCD10,678 9,633 4,566 76 2,591 122 735 23 12 28,436 
Total$10,678 $12,212 $7,559 $3,585 $4,069 $2,729 $95,385 $600,210 $219,201 $955,628 

December 31, 2020
202020192018201720162009-20152006-20082005 and priorTotal
Great Ajax II REIT$— $— $257 $488 $1,991 $41,746 $280,606 $99,909 $424,997 
2018-C— — — — — 14,100 119,343 39,778 173,221 
2017-D— — — 121 — 6,826 94,711 32,238 133,896 
California2,221 952 1,484 362 — 5,292 60,393 18,084 88,788 
7f7 and better— 911 434 — 2,125 17,520 88,414 32,831 142,235 
4f4-6f6 and below872 1,397 2,054 336 305 13,409 78,202 30,239 126,814 
Non-PCD21,387 4,738 64 2,493 99 611 20 9 29,421 
Total$24,480 $7,998 $4,293 $3,800 $4,520 $99,504 $721,689 $253,088 $1,119,372 
Schedule of loan acquisition reconciliation between purchase price and par value
The following table presents a reconciliation between the purchase price and par value for the Company's loan acquisitions and originations for the three and six months ended June 30, 2021 and 2020 ($ in thousands):

Three months ended June 30,Six months ended June 30,
2021202020212020
PCD LoansNon-PCD LoansPCD LoansNon-PCD LoansPCD LoansNon-PCD LoansPCD LoansNon-PCD Loans
Par$5,157 $— $— $— $41,853 $3,611 $227 $1,952 
Discount(390)— — — (3,319)(8)(37)(747)
Allowance6 — — — (1,727)— (4)— 
Purchase Price$4,773 $— $— $— $36,807 $3,603 $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,
2021202020212020
Allowance for loan credit losses, beginning of period$(17,890)$(16,136)$(13,712)$(1,960)
Beginning period adjustment for CECL adoption— — — (10,156)
Reclassification from non-credit discount to the allowance for changes in payment expectations5,450 — (3,782)— 
Decrease/(increase) in allowance for loan credit losses for loan acquisitions6 — (1,727)(4)
Credit loss expense on mortgage loans(139)(274)(593)(503)
Reclassification from non-credit discount to the allowance for losses for increases in the net present value of expected cash flows— 161 — (1,733)
Reversal of/(increase in) provision for credit losses due to increases/(decreases) in the net present value of expected cash flows2,740 1,799 8,240 (94)
Reversal of allowance for reclass of pool 2017-D to mortgage loans held-for-sale, net— — 1,741 — 
Allowance for loan credit losses, end of period$(9,833)$(14,450)$(9,833)$(14,450)
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, 2021 and December 31, 2020 ($ in thousands):

June 30, 2021
Current306090ForeclosureTotal
Great Ajax II REIT$505,442 $19,500 $8,650 $31,676 $1,398 $566,666 
California22,095 5,956 5,280 25,756 5,384 64,471 
7f7 and better66,973 22,767 12,810 39,698 2,270 144,518 
4f4-6f6 and below22,274 4,634 6,844 81,621 36,164 151,537 
Non-PCD27,687 65 — 47 637 28,436 
Total$644,471 $52,922 $33,584 $178,798 $45,853 $955,628 
December 31, 2020
Current306090ForeclosureTotal
Great Ajax II REIT$311,941 $48,266 $19,559 $43,364 $1,867 $424,997 
2018-C70,034 20,541 15,300 57,538 9,808 173,221 
2017-D58,198 24,906 12,437 36,106 2,249 133,896 
California42,214 7,660 5,519 29,343 4,052 88,788 
7f7 and better72,613 14,003 12,447 41,383 1,789 142,235 
4f4-6f6 and below13,976 10,773 7,157 68,677 26,231 126,814 
Non-PCD22,562 6,099 56 704 — 29,421 
Total$591,538 $132,248 $72,475 $277,115 $45,996 $1,119,372