Company: ABR-PF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001628280-25-007183
Chunk: 79

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 79
---
31, 2024 to December 31, 2023:

Credit and repurchase facilities increased $321.7 million, primarily due to refinancing loans from the unwind of CLOs in our Structured Business, substantially offset by loan sales exceeding originations in our Agency Business.

Securitized debt decreased $2.31 billion, primarily due to the unwind of CLO 15 and paydowns on existing securitizations totaling $1.65 billion.

Senior unsecured notes decreased $97.8 million, primarily due to the repayment of our 4.75% and 5.75% notes totaling $200.0 million, partially offset by the issuance of $100.0 million of our 9.00% notes.

Mortgage notes payable - real estate owned increased $30.6 million primarily due to financing placed on two new REO assets.

Due to borrowers decreased $74.1 million, primarily due to the funding of previously unfunded loan commitments in our Structured Business.

Other liabilities decreased $18.5 million, primarily due to a decrease in accrued interest payable as a result of the unwind of CLO 15 and paydowns on remaining securitizations, along with a decrease in deferred tax liabilities.

Equity

See Note 17 for details of our stock transactions, dividends declared and deferred compensation transactions during 2024.

Agency Servicing Portfolio

The following table sets forth the characteristics of our loan servicing portfolio collateralizing our mortgage servicing rights and servicing revenue ($ in thousands):

December 31, 2024ProductPortfolio UPBLoan CountWtd. Avg. Age of Portfolio (years)Wtd. Avg. Life ofPortfolio(years)Interest Rate TypeWtd. Avg. Note RateAnnualized Prepayments as a % of Portfolio (1)Delinquencies as a % of Portfolio (2)FixedAdjustableFannie Mae$22,730,056 2,6443.96.496 %4 %4.60 %2.19 %1.27 %Freddie Mac6,077,020 1,1593.36.886 %14 %4.91 %5.78 %3.63 %Private Label2,605,980 1613.45.5100 %— 4.15 %— 0.43 %FHA1,506,948 1063.619.2100 %— 3.79 %