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Receivables (Tables)
12 Months Ended
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables
December 31,
 20232022
Servicing-related receivables:  
Government-insured loan claims - Forward$43.6 $65.0 
Government-insured loan claims - Reverse64.5 73.8 
Due from custodial accounts13.8 16.3 
Subservicing fees and reimbursable expenses11.2 11.6 
Receivable from sale of MSRs (holdback)5.1 1.5 
Subservicing fees and reimbursable expenses - Due from Rithm3.1 3.0 
Subservicing fees, reimbursable expenses and other - Due from MAV3.4 1.0 
Other 4.5 5.9 
149.2 178.1 
Income taxes receivable (1)27.1 34.4 
Other receivables3.6 2.6 
179.9 215.1 
Allowance for losses (25.1)(34.3)
 $154.8 $180.8 
(1)Includes $25.2 million and $32.5 million at December 31, 2023 and 2022, respectively, from the USVI Bureau of Internal Revenue (BIR) for a refund of income taxes paid in prior years. In December 2022, we executed an agreement with the BIR for payment of the income tax refunds related to tax years 2013 through 2015, plus accrued interest, over a two-year period ending December 31, 2024. The BIR did not make the payment that was due on December 31, 2023 pursuant to the agreement. On February 8, 2024, we filed a lawsuit against the USVI for the refund of income taxes paid in prior years and for the USVI’s breach of the above-referenced agreement.
Allowance for Losses
Years Ended December 31,
202320222021
Beginning balance$34.3 $41.7 $39.0 
Provision17.2 13.3 14.6 
Charge-offs and other, net(26.5)(20.7)(11.9)
Ending balance$25.1 $34.3 $41.7