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Mortgage Loans Held for Sale | 6 Months Ended
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Jun. 30, 2021
Mortgage Loans Held for Sale and Investment [Abstract] |
Mortgage Loans Held for Sale | 5. Mortgage Loans Held for Sale Mortgage loans held for sale are recorded at fair value as set forth below:
Mortgage Loans Held for Sale | June 30, 2021 |  | December 31, 2020
Mortgage loans held for sale – UPB | $ | 6,706 |  |  | $ | 5,438 |
Mark-to-market adjustment(1) | 255 |  |  | 282 |
Total mortgage loans held for sale | $ | 6,961 |  |  | $ | 5,720 |
(1)The mark-to-market adjustment includes net change in unrealized gain/loss, premium on correspondent loans and fees on direct-to-consumer loans. The mark-to-market adjustment is recorded in net gain on mortgage loans held for sale in the unaudited condensed consolidated statements of operations. The following table sets forth the activities of mortgage loans held for sale:
| Six Months Ended June 30,
Mortgage Loans Held for Sale | 2021 |  | 2020
Balance - beginning of period | $ | 5,720 |  |  | $ | 4,077 |
Loans sold | (52,128) |  |  | (26,149) |
Mortgage loans originated and purchased, net of fees | 47,560 |  |  | 23,110 |
Repurchase of loans out of Ginnie Mae securitizations | 5,812 |  |  | 2,092 |
Net change in unrealized (loss) gain on retained loans held for sale | (5) |  |  | 42 |
Net transfers of mortgage loans held for sale(1) | 2 |  |  | 7 |
Balance - end of period | $ | 6,961 |  |  | $ | 3,179 |
(1)Amount reflects transfers to other assets for loans transitioning into REO status and transfers to advances and other receivables, net, for claims made on certain government insurance mortgage loans. Transfers out are net of transfers in upon receipt of proceeds from an REO sale or claim filing. During the six months ended June 30, 2021 and 2020, the Company received proceeds of $52,923 and $26,606, respectively, on the sale of mortgage loans held for sale, resulting in gains of $795 and $457, respectively. The total UPB and fair value of mortgage loans held for sale on non-accrual status was as follows:
| June 30, 2021 |  | December 31, 2020
Mortgage Loans Held for Sale | UPB |  | Fair Value |  | UPB |  | Fair Value
Non-accrual(1) | $ | 1,178 |  |  | $ | 1,216 |  |  | $ | 64 |  |  | $ | 54 |
(1)Non-accrual UPB includes $1,149 and $48 of UPB related to Ginnie Mae repurchased loans as of June 30, 2021 and December 31, 2020, respectively. The total UPB of mortgage loans held for sale for which the Company has begun formal foreclosure proceedings was $19 and $20 as of June 30, 2021 and December 31, 2020, respectively.

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- Definition Mortgage Loans Held for Sale and Investment + References No definition available. + Details
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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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