Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 190

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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 individual state represented 4% or more of the total.At September 30, 2025 and December 31, 2024, our weighted average servicing fee was 36.2 basis points and 37.8 basis points, respectively. At September 30, 2025 and December 31, 2024, we held total escrow balances (including unfunded collateralized loan obligation holdbacks) of approximately $1.41 billion and $1.45 billion, respectively, of which approximately $1.40 billion and $1.41 billion, respectively, is not included in our consolidated balance sheets. These escrows are maintained in separate accounts at several federally insured depository institutions, which may exceed FDIC insured limits. We earn interest income on the total escrow deposits, which is generally based on a market rate of interest negotiated with the financial institutions that hold the escrow deposits. Interest earned on total escrows, net of interest paid to the borrower, is included as a component of servicing revenue, net in the consolidated statements of income as noted in the following table.The components of servicing revenue, net are as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Servicing fees$33,188 $31,159 $98,618 $94,089 Interest earned on escrows14,865 18,362 41,267 54,011 Prepayment fees505 413 2,402 1,205 Write-offs and payoffs of MSRs(1,087)(1,493)(6,251)(5,911)Amortization of MSRs(17,819)(17,299)(53,344)(50,817)Servicing revenue, net$29,652 $31,142 $82,692 $92,577 

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

Note 7 — Securities Held-to-Maturity

Agency Private Label Certificates (“APL certificates”). In connection with our Private Label securitizations, we retain the most subordinate class of the APL certificates in satisfaction of credit risk retention requirements. At September 30, 2025, we held APL certificates with an initial face value of $192.8 million, which were purchased at a discount for $119.0 million.