Mortgage Servicing (Tables)

12 Months Ended

Dec. 31, 2020

MSRs

Product and geographic concentrations

Schedule of product and geographic concentrations in servicing revenue

Product and geographic concentrations that impact our servicing revenue are as follows ($ in thousands):

December 31, 2020
Product Concentrations					Geographic Concentrations
						UPB
			Percent of			Percentage
Product	UPB (1)		Total		State	of Total
Fannie Mae	$	18,268,268	74	%	Texas	16	%
Freddie Mac		4,881,080	20	%	New York	9	%
FHA		752,116	3	%	North Carolina	9	%
Private Label (2)		726,992	3	%	California	9	%
Total	$	24,628,456	100	%	Florida	7	%
					Georgia	6	%
					New Jersey	4	%
					Other (3)	40	%
					Total	100	%

December 31, 2019
Fannie Mae	$	14,832,844	74	%	Texas	19	%
Freddie Mac		4,534,714	23	%	North Carolina	9	%
FHA		691,519	3	%	New York	9	%
Total	$	20,059,077	100	%	California	9	%
					Florida	6	%
					Georgia	6	%
					Other (3)	42	%
					Total	100	%

(1) Excludes loans which we are not collecting a servicing fee.

(2) Represents loans we service in connection with our Private Label securitization in May 2020 (see Note 4 for details).

(3) No other individual state represented 4% or more of the total.