v3.25.1
ALLOWANCE FOR RISK-SHARING OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2025
ALLOWANCE FOR RISK-SHARING OBLIGATIONS  
Summary of Allowance for Risk-Sharing Obligations

For the three months ended

 

March 31, 

 

Roll Forward of Allowance for Risk-Sharing Obligations (in thousands)

    

2025

    

2024

 

Beginning balance

$

28,159

$

31,601

Provision (benefit) for risk-sharing obligations

 

3,712

 

(1,477)

Write-offs

 

 

Ending balance

$

31,871

$

30,124

Schedule of CECL Calculation Details and Provision Impact

As of and for the three months ended 

March 31, 

CECL Calculation Inputs, Details, and Provision Impact

2025

    

2024

Forecast-period loss rate (in basis points)

2.1

2.3

Reversion-period loss rate (in basis points)

1.2

1.3

Historical loss rate (in basis points)

0.3

0.3

At-risk Fannie Mae servicing portfolio UPB (in billions)

$

63.6

$

59.2

CECL allowance (in millions)

$

24.4

$

25.0

Provision (benefit) for CECL allowance (in millions)

$

0.2

$

(6.6)