Our commercial mortgage loans, held for sale, measured at fair value ("CML, HFS at fair value") are comprised of both Agency loans and non-Agency loans. Our Agency loans held for sale are typically sold within 60 days of loan origination, while non-Agency loans are generally expected to be sold to third parties or securitized within 180 days of loan origination. The following table shows the aggregate unpaid principal balance and fair value of our mortgage loans, held for sale, measured at fair value (dollars in thousands):


	June 30, 2026				December 31, 2025
	Aggregate UPB		Fair Value		Aggregate UPB		Fair Value
Agency loans	$	244,068	$	247,392	$	324,162	$	331,218
Non-Agency loans	4,500		4,450		29,500		29,500
Total commercial mortgage loans, held for sale, measured at fair value	$	248,568	$	251,842	$	353,662	$	360,718

As of June 30, 2026 and December 31, 2025, respectively, there were no loans that were 90 days or more past due or on a non-accrual status.