REVERSE MORTGAGE LOANS HELD FOR INVESTMENT AND HMBS-RELATED BORROWINGS - Schedule of Gain on Reverse Mortgage Loans Held for Investment (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Fair Value Disclosures [Abstract] | ||||
| Gain on new originations | $ 1,604 | $ 0 | $ 4,770 | $ 0 |
| Gain on tail securitizations | 418 | 0 | 1,175 | 0 |
| Net interest income | 31 | 0 | 79 | 0 |
| Change in fair value | 314 | 2,755 | 1,707 | 5,061 |
| Fair value gain recognized in earnings | 2,367 | 2,755 | 7,731 | 5,061 |
| Loan fees and other | 1,029 | 749 | 2,778 | 1,031 |
| Total | $ 3,396 | $ 3,504 | $ 10,509 | $ 6,092 |
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- Definition Fair Value Gain (Loss) on Reverse Loans and Related Obligations No definition available.
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- Definition Fair Value, Gain on New Originations No definition available.
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- Definition Fair Value, Gain on Tail Securitizations No definition available.
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- Definition Fair Value, Net Interest Income No definition available.
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- Definition Net fair value gains on reverse loans and related HMBS obligations include the contractual interest income earned on reverse loans, including those not yet securitized or no longer in securitization pools, net of interest expense on HMBS related obligations, and the change in fair value of these assets and liabilities. Included in the change in fair value are gains due to loan originations that include tails. No definition available.
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- Definition Loan Fees and Other No definition available.
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- References No definition available.
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- Definition For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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