EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND OTHER

3 Months Ended

Mar. 31, 2023

General and Administrative expenses consist of the following:


	Three Months Ended March 31,
	2023		2022
Legal and professional	$	12,755	$	28,586
Loan origination	11,757		39,901
Occupancy	18,366		29,777
Subservicing	35,256		46,808
Loan servicing	2,976		5,304
Property and maintenance	24,035		23,603
Other	62,010		72,259
Total general and administrative expenses	$	167,155	$	246,238

Other Income (Loss)

The following table summarizes the components of Other income (loss):


	Three Months Ended March 31,
	2023		2022
Real estate and other securities	$	83,851	$	(606,852)
Residential mortgage loans and REO	18,097		(88,523)

Derivative instruments	(151,006)		622,172
Other(A)	(26,591)		(12,732)
Realized and unrealized gains (losses) on investments, net	$	(75,649)	$	(85,935)









Unrealized gain (loss) on secured notes and bonds payable	$	(2,500)	$	7,194
Rental revenue	18,123		8,129
Property and maintenance revenue	33,637		34,305
(Provision) reversal for credit losses on securities	1,228		(711)
Valuation and credit loss (provision) reversal on loans and real estate owned	1,575		(3,029)
Other income (loss)	(21,585)		6,444
Other income (loss), net	$	30,478	$	52,332

Total Other income (loss)	$	(45,171)	$	(33,603)

(A)Includes excess MSRs, servicer advance investments, consumer loans and other.

Accretion and Other Amortization as reflected on the Consolidated Statements of Cash Flows consists of the following:


	Three Months Ended March 31,
	2023		2022
Accretion of net discount on securities and loans	$	11,684	$	5,293
Accretion of servicer advances receivable discount and servicer advance investments	4,630		4,156
Accretion of excess mortgage servicing rights income	3,431		13,017
Amortization of deferred financing costs	(1,055)		(6,921)

Amortization of discount on corporate debt	(420)		(450)
Total accretion and other amortization	$	18,270	$	15,095