Loan Securitization/Sale Activities (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2021, 2020 and 2019 (amounts in thousands):

	Commercial Loans				Residential Loans
	Face Amount		Proceeds		Face Amount		Proceeds
For the Year Ended December 31,
2021	$	1,185,251	$	1,242,974	$	2,287,733	$	2,362,798
2020	920,282		975,569		1,770,513		1,826,549
2019	1,781,981		1,845,890		1,256,481		1,305,059

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 Year Ended December 31,
2021	$	335,552	$	328,878	$	216,827	$	225,940
2020	446,132		442,833		550		604
2019	751,210		748,045		26,046		26,797

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(1)During the year ended December 31, 2021, we sold $313.0 million of senior interests in first mortgage loans and $22.6 million of whole loan interests for proceeds of $307.3 million and $21.5 million, respectively. During the year ended December 31, 2020, we sold $277.9 million of senior interests in first mortgage loans and $168.2 million of whole loan interests for proceeds of $270.8 million and $172.0 million, respectively. During the year ended December 31, 2019, all sales were of senior interests in first mortgage loans.