Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 56

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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Fannie Mae$173,329 $171,235 Private Label83,870 38,962 Freddie Mac38,736 159,201 FHA16,988 65,589 SFR - Fixed Rate2,777 3,246 315,700 438,233 Fair value of future MSR3,554 5,138 Unrealized impairment recovery (loss)581 (1,381)Unearned discount(5,200)(6,231)Loans held-for-sale, net$314,635 $435,759 During the three months ended March 31, 2025 and 2024, we sold $730.9 million and $1.09 billion, respectively, of loans held-for-sale.At March 31, 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 6.7 years and 6.9 years at March 31, 2025 and December 31, 2024, respectively.A summary of our capitalized MSR activity is as follows (in thousands):Three Months Ended March 31, 2025OriginatedAcquiredTotalBeginning balance$363,861 $4,817 $368,678 Additions9,406 — 9,406 Amortization(17,195)(563)(17,758)Write-downs and payoffs(3,067)(39)(3,106)Ending balance$353,005 $4,215 $357,220 Three Months Ended March 31, 2024Beginning balance$382,582 $8,672 $391,254 Additions12,684 — 12,684 Amortization(15,821)(810)(16,631)Write-downs and payoffs(1,698