Loan Securitization/Sale Activities (Tables)

9 Months Ended

Sep. 30, 2021

Loan Securitization/Sale Activities

Summary of Face Amount and Proceeds of Loans

The following summarizes the face amount and proceeds of commercial and residential loans securitized for the three and nine months ended September 30, 2021 and 2020 (amounts in thousands):

	Commercial Loans				Residential Loans
	Face Amount		Proceeds		Face Amount		Proceeds
For the Three Months Ended September 30,
2021	$	349,225	$	364,287	$	469,663	$	491,901
2020	151,295		157,497		478,911		499,321
For the Nine Months Ended September 30,
2021	$	738,866	$	775,374	$	1,417,641	$	1,465,576
2020	487,130		509,890		1,443,691		1,487,761

Summary of Loans Sold

The following table summarizes our loans sold by the Commercial and Residential Lending Segment, net of expenses (amounts in thousands):

	Loan Transfers Accounted for as Sales
	Commercial Loans				Residential Loans
	Face amount (1)		Proceeds (1)		Face Amount		Proceeds
For the Three Months Ended September 30,
2021	$	35,700	$	35,356	$	—	$	—
2020	—		—		—		—
For the Nine Months Ended September 30,
2021	$	268,370	$	264,846	$	89,801	$	92,817
2020	399,132		396,078		550		604

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(1)During the nine months ended September 30, 2021, we sold $245.8 million of senior interests in first mortgage loans and $22.6 million of whole loan interests for proceeds of $243.3 million and $21.5 million, respectively. During the three months ended September 30, 2021, we sold $35.7 million of senior interests in first mortgage loans for proceeds of $35.4 million. During the nine months ended September 30, 2020, we sold $230.9 million of senior interests in first mortgage loans and $168.2 million of whole loan interests for proceeds of $224.1 million and $172.0 million, respectively.