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Loans Subject to Repurchase from Ginnie Mae
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Loans Subject to Repurchase from Ginnie Mae 9. Loans Subject to Repurchase from Ginnie Mae Loans are sold to Ginnie Mae in conjunction with the issuance of mortgage-backed securities. The Company, as the issuer of the mortgage-backed securities, has the unilateral right to repurchase any individual loan in a Ginnie Mae securitization pool if that loan meets certain criteria, including payments not being received from borrowers for greater than 90 days. Once the Company has the unilateral right to repurchase a delinquent loan, it has effectively regained control over the loan and recognizes these rights to the loan on its consolidated balance sheets and establishes a corresponding repurchase liability regardless of the Company’s intention to repurchase the loan. The Company had loans subject to repurchase from Ginnie Mae of $1,865 and $1,496 as of December 31, 2022 and 2021, respectively, which are included in both “other assets” and “payables and other liabilities” in the consolidated balance sheets. Loans subject to repurchase from Ginnie Mae as of December 31, 2022 and 2021 included $1,661 and $1,301, respectively, of loans in forbearance related to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) whereby no payments have been received from borrowers for greater than 90 days.