Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 113

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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urchase facilities increased $1.22 billion, primarily due to refinancing loans from the unwind of two CLOs with our new $1.15 billion repurchase facility. 

Securitized debt decreased $1.34 billion, primarily due to the unwind of CLO 14 and CLO 19 totaling $1.08 billion and paydowns on our remaining securitizations of $260.1 million.

Mortgage notes payable — real estate owned increased $49.0 million, primarily due to the addition of mortgage notes payable totaling $98.1 million on recently foreclosed loans, through which we took back the underlying property, partially offset by the payoff of $49.1 million of mortgage notes payable associated with the sale of two REO assets. 

Other liabilities decreased $40.9 million, primarily due to payments of accrued incentive compensation and commissions during the first quarter of 2025, related to 2024 performance, and a decrease in accrued interest payable as a result of the unwind of CLOs, paydowns on remaining securitizations, and interest payments made on our convertible notes.

Equity

See Note 16 for details of our issuances of common stock, dividends declared and deferred compensation transactions.

48

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):

March 31, 2025ProductPortfolio UPBLoan CountWtd. Avg. Age of Portfolio (years)Wtd. Avg. Life of Portfolio (years)Interest Rate TypeWtd. Avg. Note RateAnnualized Prepayments as a % of Portfolio (1)Delinquencies as a % of Portfolio (2)FixedAdjustableFannie Mae$22,683,885 2,6294.06.297 %3 %4.61 %3.58 %1.53 %Freddie Mac6,123,074 1,1523.46.687 %13 %4.94 %4.51 %3.60 %Private Label2,603,122 1613.65.3100 %— 4.15 %— 0.43 %FHA1,519,675 1073.819.0100 %— 3.82 %— — Bridge278,293 32.32.885 %15 %6.37 %—