Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 187

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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ee Note 9 for additional loan resolution details.Interest ReservesGiven the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve as required by the contracts to cover debt service costs. At September 30, 2025 and December 31, 2024, we had total interest reserves of $254.5 million and $215.4 million, respectively, on 453 loans and 589 loans, respectively, with a total UPB of $8.18 billion and $8.65 billion, respectively.

Note 4 — Loans Held-for-Sale

Our GSE loans held-for-sale are typically sold within 60 days of loan origination, while our non-GSE loans are generally expected to be sold to third parties or securitized within 180 days of loan origination. Loans held-for-sale, net consists of the following (in thousands):September 30, 2025December 31, 2024Fannie Mae$156,042 $171,235 Freddie Mac82,105 159,201 Private Label77,832 38,962 SFR - Fixed Rate2,777 3,246 FHA— 65,589 318,756 438,233 Fair value of future MSR3,329 5,138 Unrealized impairment recovery (loss)1,444 (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 MS