Annual report pursuant to Section 13 and 15(d)

REVERSE MORTGAGE LOANS HELD FOR INVESTMENT AND HMBS-RELATED BORROWINGS - Schedule of Loans Held For Investment (Details)

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REVERSE MORTGAGE LOANS HELD FOR INVESTMENT AND HMBS-RELATED BORROWINGS - Schedule of Loans Held For Investment (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
Reverse Mortgage Loans Held for Investment  
Balance — beginning of period $ 0
Originations and purchases 109,589
Acquisition of loans held for investment, net 189,770
Repayments (principal payments received) (5,089)
Change in fair value recognized in earnings 21,642
Balance — end of period 315,912
HMBS-Related Borrowings  
Balance — beginning of period 0
Securitization of HECM loans and tails accounted for as a financing (including realized fair value changes) (106,691)
Acquisition of loans held for investment, net (187,221)
Repayments (principal payments received) 5,138
Change in fair value recognized in earnings (13,409)
Balance — end of period (302,183)
Reverse Mortgage Loans Held for Investment  
Securitized loans (pledged to HMBS-related borrowings) 307,998
Unsecuritized loans and tail advances 7,914
Total 315,912
HMBS-Related Borrowings  
Securitized loans (pledged to HMBS-related borrowings) (302,183)
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value $ 302,183