ALLOWANCE FOR RISK-SHARING OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2025

ALLOWANCE FOR RISK-SHARING OBLIGATIONS

Summary of Allowance for Risk-Sharing Obligations


		For the three months ended						For the six months ended
		June 30,						June 30,
Roll Forward of Allowance for Risk-Sharing Obligations (in thousands)		2025			2024			2025			2024
Beginning balance		$	31,871		$	30,124		$	28,159		$	31,601
Provision (benefit) for risk-sharing obligations			1,320			353			5,032			(1,124)
Write-offs			—			—			—			—
Ending balance		$	33,191		$	30,477		$	33,191		$	30,477

Schedule of CECL Calculation Details and Provision Impact


		2025
CECL Allowance Calculation Inputs, Details, and Provision Impact		Q1		Q2		Total
Forecast-period loss rate (in basis points)		2.1		2.1		N/A
Reversion-period loss rate (in basis points)		1.2		1.2		N/A
Historical loss rate (in basis points)		0.3		0.3		N/A
At-risk Fannie Mae servicing portfolio UPB (in billions)	$	63.6	$	64.7		N/A
CECL allowance (in millions)	$	24.4	$	24.6		N/A
Provision (benefit) CECL allowance (in millions)	$	0.2	$	0.2	$	0.4


		2024
CECL Allowance Calculation Inputs, Details, and Provision Impact		Q1		Q2		Total
Forecast-period loss rate (in basis points)		2.3		2.3		N/A
Reversion-period loss rate (in basis points)		1.3		1.3		N/A
Historical loss rate (in basis points)		0.3		0.3		N/A
At-risk Fannie Mae servicing portfolio UPB (in billions)	$	59.2	$	59.5		N/A
CECL allowance (in millions)	$	25.0	$	24.9		N/A
Provision (benefit) CECL allowance (in millions)	$	(6.6)	$	(0.1)	$	(6.7)