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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies  
Schedule of rollforward of claims activity for loans put-back to the mortgage origination segment

The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands).

Representation and Warranty Specific Claims

Activity - Origination Loan Balance

Three Months Ended March 31,

    

2023

    

2022

Balance, beginning of period

$

31,244

$

31,407

Claims made

 

14,415

 

9,842

Claims resolved with no payment

 

(5,548)

 

(4,521)

Repurchases

 

(9,908)

 

(6,457)

Indemnification payments

 

(3,006)

 

Balance, end of period

$

27,197

$

30,271

Indemnification Liability Reserve Activity

    

Three Months Ended March 31,

 

2023

    

2022

    

Balance, beginning of period

$

20,528

$

27,424

Additions for new sales

 

347

 

753

Repurchases

 

(2,360)

 

(565)

Early payment defaults

 

(98)

 

(71)

Indemnification payments

 

(147)

 

Change in reserves for loans sold in prior years

 

 

(291)

Balance, end of period

$

18,270

$

27,250

March 31,

December 31,

    

2023

2022

  

Reserve for Indemnification Liability:

Specific claims

$

530

$

627

Incurred but not reported claims

 

17,740

 

19,901

Total

$

18,270

$

20,528