Liability for Losses Under Representations and Warranties

3 Months Ended

Mar. 31, 2026

Note 16—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 at beginning of quarter		$	34,894		$	29,129
Provision for losses:
Resulting from sales of loans			4,468			3,547
Resulting from change in estimate			(2,990)			(1,415)
Losses incurred			(567)			(487)
Balance at end of quarter		$	35,805		$	30,774
Unpaid principal balance of loans subject to representations and warranties at end of quarter		$	504,749,991		$	430,898,425