v3.26.1
Liability for Losses Under Representations and Warranties
6 Months Ended
Jun. 30, 2026
Liability For Representations And Warranties [Abstract]  
Liability for Losses Under Representations and Warranties

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 June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Balance, beginning of period

 

$

5,152

 

 

$

5,955

 

 

$

5,284

 

 

$

6,886

 

Provision for losses:

 

 

 

 

 

 

 

 

 

 

 

 

Pursuant to loan sales

 

 

348

 

 

 

227

 

 

 

658

 

 

 

531

 

Reduction in liability due to change in estimate

 

 

(245

)

 

 

(912

)

 

 

(687

)

 

 

(2,080

)

Losses incurred

 

 

(15

)

 

 

(206

)

 

 

(15

)

 

 

(273

)

Balance, end of period

 

$

5,240

 

 

$

5,064

 

 

$

5,240

 

 

$

5,064

 

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

 

 

$

207,564,556

 

 

$

218,738,822