Dividend SuspensionThe board of directors suspended paying a cash dividend in 4Q24, which reflects challenges in asset resolution and potential loan losses.
Non-Accrual LoansLoans on non-accrual status totaled $1.1B by UPB, or 16.9% of the total portfolio, an increase from 14.9%.
Problem LoansProblem loans have increased, suggesting more realized losses lie ahead.