Quarterly report pursuant to Section 13 or 15(d)

Mortgage Loans Held-for-Sale, at Fair Value (Tables)

v3.24.3
Mortgage Loans Held-for-Sale, at Fair Value (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Reconciliation of Mortgage Loans Held-for-Sale The following table presents the carrying value of Company’s mortgage loans held-for-sale as of September 30, 2024 and December 31, 2023:
(in thousands) September 30,
2024
December 31,
2023
Unpaid principal balance $ 3,284  $ 318 
Mark-to-market adjustments 60  14 
Total mortgage loans held-for-sale $ 3,344  $ 332 

The following table presents a reconciliation of the Company’s mortgage loans held-for-sale for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands) 2024 2023 2024 2023
Balance at beginning of period $ 278  $ 295  $ 332  $ 283 
Originations and purchases of mortgage loans
22,394  40  22,445  80 
Sales and principal collections
(19,378) (2) (19,479) (30)
Unrealized gains (losses) on mortgage loans 50  —  46  — 
Balance at end of period $ 3,344  $ 333  $ 3,344  $ 333