Quarter ended September 30,

Nine months ended September 30,

2026

2025

2026

2025

(in thousands)

Balance, beginning of period

$

5,240

$

5,064

$

5,284

$

6,886

Provision for losses:

Pursuant to loan sales

302

222

960

753

Reduction in liability due to change in estimate

(323

)

(39

)

(1,010

)

(2,119

)

Losses incurred

—

(95

)

(15

)

(368

)

Balance, end of period

$

5,219

$

5,152

$

5,219

$

5,152

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

$

203,876,164

$

216,361,811