Schedule IV Mortgage loans on real estate

12 Months Ended

Dec. 31, 2019

Schedule IV

Mortgage loans on real estate

December 31, 2019

($ in thousands)


Description (face value of loan)	Loan Count	Interest rate	Maturity	Carrying amount of mortgages⁽¹⁾		Principal amount subject to delinquent principal and interest		Amount of balloon payments at maturity
$0 – 49,999	598	0.00% - 15.00%	08/13/2008 – 09/01/2058	$	16,516	$	8,438	$	1,452
$50,000 – 99,999	1,185	0.00% - 12.95%	09/01/2009 – 09/01/2059	84,471		40,491		6,359
$100,000 – 149,999	1,294	0.00% - 13.34%	08/01/2019 – 08/01/2065	147,677		75,703		10,714
$150,000 – 199,999	889	2.00% - 12.50%	11/01/2019 –08/01/2065	139,959		69,309		9,425
$200,000 – 249,999	584	1.99% - 10.93%	10/01/2019 – 07/01/2064	118,735		59,263		11,657
$250,000+	1,634	0.00% - 19.00%	09/06/2016 –05/01/2066	644,111		279,616		109,280
Total	6,184			$	1,151,469	$	532,820	$	148,887

(1)The aggregate cost for federal income tax purposes is $1,067.3 million as of December 31, 2019.

The following table sets forth the activity in our mortgage loans ($ in thousands):


Mortgage loans	January 1, 2019 through December 31, 2019
Beginning carrying value	$	1,310,873
RPL, NPL and SBC pool portfolio acquisitions, net cost basis	110,146
SBC non-pooled portfolio acquisitions, net cost basis	19,040
Draws on SBC loans	912
Accretion recognized	96,064
Payments received, net	(191,647)
Reclassifications to REO	(12,104)
Sale of mortgage loans	(180,992)
Provision for loan losses	(803)
Other	(20)
Ending carrying value	$	1,151,469