FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES (Tables)

9 Months Ended

Sep. 30, 2023

FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES

Schedule of Pledged Securities at Fair Value

	September 30,				December 31,
Pledged Securities (in thousands)	2023		2022		2022		2021
Restricted cash	$	10,523	$	8,454	$	5,788	$	3,779
Money market funds		36,035		4,170		8,870		40,954
Total pledged cash and cash equivalents	$	46,558	$	12,624	$	14,658	$	44,733
Agency MBS		130,951		138,789		142,624		104,263
Total pledged securities, at fair value	$	177,509	$	151,413	$	157,282	$	148,996

Schedule of Investment Information Related to AFS Agency MBS

Fair Value and Amortized Cost of Agency MBS (in thousands)	September 30, 2023		December 31, 2022
Fair value	$	130,951	$	142,624
Amortized cost		133,421		144,801
Total gains for securities with net gains in AOCI		381		797
Total losses for securities with net losses in AOCI		(2,851)		(2,974)
Fair value of securities with unrealized losses		115,337		118,565

Schedule of Contractual Maturity Information Related to Agency MBS

	September 30, 2023
Detail of Agency MBS Maturities (in thousands)	Fair Value		Amortized Cost
Within one year	$	—	$	—
After one year through five years		18,045		18,132
After five years through ten years		92,267		93,322
After ten years		20,639		21,967
Total	$	130,951	$	133,421