Annual report pursuant to Section 13 and 15(d)

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

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Mortgage Loans Held-for-Sale, at Fair Value (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024 and December 31, 2023:
(in thousands) December 31,
2024
December 31,
2023
Unpaid principal balance $ 2,297  $ 318 
Mark-to-market adjustments 37  14 
Total mortgage loans held-for-sale $ 2,334  $ 332 

The following table presents a reconciliation of the Company’s mortgage loans held-for-sale for the years ended December 31, 2024, 2023 and 2022:
Year Ended
December 31,
(in thousands) 2024 2023 2022
Balance at beginning of period $ 332  $ 283  $ 40 
Originations and purchases of mortgage loans
64,416  80  264 
Sales and principal collections
(62,437) (31) (30)
Unrealized gains (losses) on mortgage loans 23  — 
Balance at end of period $ 2,334  $ 332  $ 283