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
Mar. 31, 2024
USD ($)
Reverse Mortgage Loans Held for Investment  
Balance — beginning of period $ 315,912
Originations and purchases 30,543
Repayments (principal payments received) (9,192)
Change in fair value recognized in earnings 10,813
Balance — end of period 348,076
HMBS-Related Borrowings  
Balance — beginning of period (302,183)
Securitization of home equity conversion mortgages (“HECM”) loans and tails accounted for as a financing (including realized fair value changes) (26,524)
Repayments (principal payments received) 9,486
Change in fair value recognized in earnings (7,583)
Balance — end of period (326,804)
Reverse Mortgage Loans Held for Investment  
Securitized loans (pledged to HMBS-related borrowings) 333,518
Unsecuritized loans and tail advances 14,558
Total 348,076
HMBS-Related Borrowings  
Securitized loans (pledged to HMBS-related borrowings) (326,804)
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value $ 326,804