Quarterly report pursuant to Section 13 or 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
 3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2023
USD ($)
Reverse Mortgage Loans Held for Investment    
Balance — beginning of period $ 36,709 $ 0
Originations and purchases 42,894 77,297
Repayments (principal payments received) (734) (734)
Change in fair value recognized in earnings 2,588 4,894
Balance — end of period 81,457 81,457
HMBS-Related Borrowings    
Balance — beginning of period 0 0
Securitization of HECM loans accounted for as a financing (including realized fair value changes) (71,445) (71,445)
Repayments (principal payments received) 0 0
Change in fair value recognized in earnings 167 167
Balance — end of period (71,278) (71,278)
Reverse Mortgage Loans Held for Investment    
Securitized loans (pledged to HMBS-related borrowings) 73,443 73,443
Unsecuritized loans 8,014 8,014
Total 81,457 81,457
HMBS-Related Borrowings    
Securitized loans (pledged to HMBS-related borrowings) (71,278) (71,278)
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value $ 71,278 $ 71,278