Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 72

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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1,381)Unearned discount(4,322)(6,231)Loans held-for-sale, net$319,207 $435,759 During the three and nine months ended September 30, 2025, we sold $2.03 billion and $3.56 billion, respectively, of loans held-for-sale. During the three and nine months ended September 30, 2024, we sold $1.12 billion and $3.34 billion, respectively, of loans held-for-sale. 

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Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

At September 30, 2025 and December 31, 2024, there were no loans held-for-sale that were 90 days or more past due, and there were no loans held-for-sale that were placed on a non-accrual status.

Note 5 — Capitalized Mortgage Servicing Rights

Our capitalized mortgage servicing rights (“MSRs”) reflect commercial real estate MSRs derived primarily from loans sold in our Agency Business or acquired MSRs. The discount rates used to determine the present value of all our MSRs throughout the periods presented were between 8% - 14% (representing a weighted average discount rate of 12%) based on our best estimate of market discount rates. The weighted average estimated life remaining of our MSRs was 6.3 years and 6.9 years at September 30, 2025 and December 31, 2024, respectively.A summary of our capitalized MSR activity is as follows (in thousands):Three Months Ended September 30, 2025Nine Months Ended September 30, 2025OriginatedAcquiredTotalOriginatedAcquiredTotalBeginning balance$344,630 $3,696 $348,326 $363,861 $4,817 $368,678 Additions15,493 — 15,493 35,830 — 35,830 Amortization(17,369)(450)(17,819)(51,828)(1,516)(53,344)Write-downs and payoffs(1,067)(20)(1,087)(6,176)(75)(6,251)Ending balance$341,687 $3,226 $344,913 $341,687 $3,226 $344,913 Three Months