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Real Estate Assets, Net | 9 Months Ended
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Sep. 30, 2024
Real Estate [Abstract] |
Real Estate Assets, Net | Real Estate Assets, Net The Company acquires real estate properties (“REO”) when it forecloses on a borrower or when the borrower surrenders the deed in lieu of foreclosure. Property is recorded at the present value of expected future cash flows when it is transferred from a mortgage loan to an REO. The Company intends to sell all REO it acquires. The following table presents the activity in the Company’s carrying value of property held-for-sale for the three and nine months ended September 30, 2024 and 2023 ($ in thousands):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Real estate assets, net |  | Count |  | Amount |  | Count |  | Amount |  | Count |  | Amount |  | Count |  | Amount
Balance at beginning of period |  | 22 |  |  | $ | 4,309 |  |  | 28 |  |  | $ | 3,745 |  |  | 20 |  |  | $ | 3,785 |  |  | 39 |  |  | $ | 6,333 |
Net transfers from mortgage loans |  | — |  |  | — |  |  | 4 |  |  | 1,339 |  |  | 7 |  |  | 2,041 |  |  | 5 |  |  | 1,348 |
Adjustments to record at lower of cost or fair value |  | — |  |  | (5) |  |  | — |  |  | (249) |  |  | — |  |  | (521) |  |  | — |  |  | (1,045) |
Disposals |  | (2) |  |  | (68) |  |  | (7) |  |  | (795) |  |  | (7) |  |  | (1,069) |  |  | (19) |  |  | (2,596) |
Balance at end of period |  | 20 |  |  | $ | 4,236 |  |  | 25 |  |  | $ | 4,040 |  |  | 20 |  |  | $ | 4,236 |  |  | 25 |  |  | $ | 4,040 |

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 974 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477728/974-720-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/976/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/978/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/970/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/972/tableOfContent Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/974/tableOfContent + Details
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