v3.26.1
Liability for Losses Under Representations and Warranties (Tables)
 3 Months Ended
Mar. 31, 2026
Liability For Representations And Warranties [Abstract]  
Summary of Company's Liability for Losses under Representations and Warranties

Following is a summary of the Company’s liability for losses under representations and warranties:

 

 

Quarter ended March 31,

 

 

 

2026

 

 

2025

 

 

(in thousands)

 

Balance, beginning of quarter

 

$

5,284

 

 

$

6,886

 

Provision for losses:

 

 

 

 

 

 

Pursuant to loan sales

 

 

310

 

 

 

304

 

Reduction in liability due to change in estimate

 

 

(442

)

 

 

(1,168

)

Losses incurred

 

 

—

 

 

 

(67

)

Balance, end of quarter

 

$

5,152

 

 

$

5,955

 

UPB of loans subject to representations and warranties at end of quarter

 

$

211,156,467

 

 

$

220,977,898