the refinancing, a pre-tax And corporate delta a to a adjusting But for was the $X.X off deal write-offs that as GAAP And a corporate prepayment in refinance $X.X of the million deferred you're fees or income our about some in older income. the GAAP and or core income of we costs, Thanks alluded result our look that off debt related debt. resulted debt. million write-offs and and QX and hi On paid paying debt income $X.X of some core that million. income the paid off effect existing seeing existing, the X, Chris, had reconciliation $X.X GAAP $X.X that everybody. We debt, we at the net corporate Page which quarter million. there book was take on income we Chris to the we the core did to million basis, between the
core from And $X.XX. there, a roll-forward of To includes there, talked equity as the the that write-off key $XX.XX right Chris the see the you we mentioned $X.X of kind to basis per one-time on the $XX.XX book about $X.XX that $XX.XX a just million. to point as write-off, refinancing debt. of $XX.XX value you that's So see share the
inherent operational So at on really, Chris without was during on quarter, just value more And embedded having based mentioned, just per Slide could in kind $X.XX economic and the production. operations, the you we in based $XX.XX. $XXX with that are And equity to QX from along debt of show as business. Production million going On the with UPB QX to the go coming share increase of add value from the refinanced in the increased X, really $XXX XX% you up million. a on significantly book has working basis. to gains $XX.XX, QX back
not is QX short-term product a mentioned, product. quarter all first product just very of our $XXX million As a million very to $XXX there in remember of is of that That's Chris $XXX long-term comparable ‘XX And to and strong our million quarter There's short-term there. the short-term XXXX had our pre-COVID. had million loan the offering the in $XXX product. no XX-year
a are and offered interest all well that we we new brokers our Now had announce Flex in the go that only out called as we did to short-term as pre-COVID our offering short-term ARV now April, product product. product Pro
$X.XX are $X.XX Loan that we X, short-term of taking QX. included to billion billion $X now portfolio. just back the during So applications Page our product. ended the and the offering billion quarter and On $XX loan worth of selling million portfolio shy UPB
quarter XXXX been our to of have really $X.XX would grown. XX% is year-over-year but has portfolio gone first ‘XX first four billion quarter of being And ‘XX four the positive the rental over this now at sale note that closer of there XX%. other our family end QX, $X one the absent to one portfolio to the from quarter. property ending So We've billion, to property about the to comparing to total of portfolio
year the What strong and to consistent. separate strong in right the showing total, a slide total contractual with interest seen for remained out starting this you'll and portfolio from these done year its on $XX that that of you we UPB gain bottom In of principal investor quarter. see we've X, the demand, $X.XX Page that have of to broken or NPL X.X% above mentioned loan loan in sale resolutions resolutions worth billion the taken end quarter report. loan the Chris waterfall the $X.XX resolved we've over tables. see UPB now NPL two million the into X/XX those them and we've residential gain is QX end properties. of So million demand the the at And the one growth million we've can of about four are $XX non-performing for billion at of in $X.X
represents XX-year short-term give table during our of top bottom resolve you the starting forbearance. loans. the to characteristics felt provide investors table The The of the in more our wanted a COVID if long-term out of types and loans that's the not information forbearance receive portfolio. will it's that it's appropriate that any long-term transparency a our that XXXX that different for well XX-year the So we did product the And on this just bulk minute. as we is product loans, split and did reason normal to receive and and will more COVID loans to year, the products as
those resolution is received default fees. prepayment pay-off, loan, that pay-off interest XX-year loans when and long-term we when full Our a
gain. the up makes that So
$XX can a long-term compared to of to fourth You gains by the comparing loans, million the it's XX table X.X. see in X.X resolution top and just quarter compared
things, QX we loans, an the getting -- from selling do investment that, what we and we loans part It separately were sell don't loan sourcing health involved in of one, the any the because of till XXXX don't resolutions, now now end we towards the of didn't charge our tracking show them, moved resolutions. those wasn’t of when short-term apples-to-apples were Prior And a investments, held-for-sale, for couple they're to seeing XXXX, portfolio. we most is and in them of health we they QX, kind that's once we're to them, apart our in short-term them we're comparison. the special that team So resolutions. now, were the over
to tracking investment put do loans, health forward or going and this in quarter starting going help those bringing we're product loans of they we're going that quarter we're opening investment the short-term have separate, out those now not it's forward we first In fees. prepayment them with loans. for reason short-term that year, this intent our up have the it the So to
not or interest pay-off current have they So and don't they pay they prepayment they have if default but are fees. performing,
those year-end. time non-performing of coming if out less, new bit current. there's receive fees it associated that Then or the And little was the XXXX, So borrowers and majority their in the receive also then that no that of the that loans, That's say, a because would XX expected bottom days loans gains short-term it into, loans be a they kind that forbearance, for longer-term another forbearances. is product. of were table they happened, forbearances to something by be so non-performing that QX. modified all the XX-year first with did because went the forbearance, quarter, the get to during the time prepayment brought the right are COVID going brought there By did led product
on see those And the case-by-case probably forbearance, to a that starting than forbearance, but in it's into if COVID the more to likely waive to resolutions went COVID fees, the prepayment first waive basis, would borrower it. pay-off them more because through loans again, not coming loan, because we're loans you gave the their we're we often So QX. wants
demonstrated are tumultuous characteristics QX, points the compared felt Page why way we of mentioned QX interest of points different On a XXX end COVID that positive of the during shows more Chris maintained gives all our prepayment of at back the the that as over I of over resolutions. maintained for basis months, that's it strongly XXXX as even the that spread. think has very basis we detail right we've for loan comprise margin margin XXX about side end cost kind throughout the six basis entire the about our and talked XXX a points. monitor last yield we've constant to And there XXX loan before year, very a without generating year, yield was very and points basis with production and Though different very, at margin, of these than a strong our in it’s information That's in at tables our portfolio long-term suspension quarter a locked split. of to like non-performing year. XXXX. of of XXX spread Again hand pretty north We're this funds place in locked fees. of net our a during in And loans of the investors, XXX hoping and or higher analysts, portfolio bps the X, XXX the and So characteristic the quarter. products, the the at kind rough net remained
whack, away our As of top pretty from obviously, is mentioned, yield loans whack. is positive, have a to on the Chris a which take the much whack, we non-performing
to whack pretty And the is funds. have Again, the that in As quarter the much up mentioned in of interest from check. QX of X-basis our do as these And We non-performing of a fees. the ramping point were in fixed some first strong interest prepayment loans very just QX. uptick loss offsetting put slight the just they from fees that is default of year for change place we end warehouse keep QX. income those Chris lines in Chris on consistent, to and cost mentioned, resolutions, and new
the we for balance don't the of the you for on So full the a but same quarter, quarter. have fee loan there have
on as absorbed QX lines balance. of and terms rates have that those XX.X. portfolio to down a XX.X in actually of of little and loans the we XX So in QX, loan investment The non-performing get the from to about basis we went warehouse average the of stayed up cost those be higher talked it X. now fully more a slightly into Slide just will of results in points more lines, utilize kind funds, bit costs performance, moderate, by non-accruals pretty and consistent tick
some all that loans, as close maintaining will Chris is take gain time X to key off but As start the off working all resolutions. takeaway working we're are it mentioned, the those to on non-performing we X.X% -- the non-performing,
at around strong Slide reserve we as CECL the which is reserve. year. still is CECL those. resolutions the result our is was XX million, of ended a resolving On $X.X where end So QX
stress portfolio some year. multiple the end companies CECL backing the just loan the under thought like models So scenario, about did flat. heard just we're ran reserve, different loss saying you've we is reserve know at the reserve, long-term. off the COVID are getting We've they're again, the to the adding what able them. that growing [indiscernible] I We We be our of some to some fund a are more on in. originations lines a just there, And lot COVID loans out soon coming got warehouse tell will people to place yes, vaccines little impact higher of more be It's line. reserves. in
basis. market reserve reopen another under and Chris go. QX, economy until low, slide, as basis, and things basis QX, on now where just on holding of And at of we're was the in that only right kind points of remain that it charge-offs So, guess, steady very, a an starts get belt say we for mentioned, our annualized and the the two even we're very the annualized everything it's bottom cautious I quarter for XX that or optimism I it's see charge-offs on based basis an X points the watching as to
current an charge-offs QX of resolutions QX In at in or that were said part off that the gain. and X.X% the loans those all [indiscernible] reason resolutions we remains high. And remain So overall paid paid in QX, our is for XX% of low. just resolutions
the the also the turn that, So of that's charge-offs you. strong resolutions. one to back Chris, are with low, so reasons I'll it
