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Mortgage Loans Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2022
Mortgage Loans Held for Sale and Investment [Abstract] |
Schedule of mortgage loans held-for-sale | Mortgage loans held for sale are recorded at fair value as set forth below:
Mortgage Loans Held for Sale | March 31, 2022 |  | December 31, 2021
Mortgage loans held for sale – UPB | $ | 3,607 |  |  | $ | 4,257 |
Mark-to-market adjustment(1) | (14) |  |  | 124 |
Total mortgage loans held for sale | $ | 3,593 |  |  | $ | 4,381 |
(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 condensed consolidated statements of operations. The following table sets forth the activities of mortgage loans held for sale:
| Three Months Ended March 31,
Mortgage Loans Held for Sale | 2022 |  | 2021
Balance - beginning of period | $ | 4,381 |  |  | $ | 5,720 |
Loans sold | (14,527) |  |  | (26,734) |
Mortgage loans originated and purchased, net of fees | 11,598 |  |  | 25,214 |
Repurchase of loans out of Ginnie Mae securitizations | 2,249 |  |  | 2,255 |
Net change in unrealized loss on retained loans held for sale | (109) |  |  | (105) |
Net transfers of mortgage loans held for sale(1) | 1 |  |  | 1 |
Balance - end of period | $ | 3,593 |  |  | $ | 6,351 |
(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. The total UPB and fair value of mortgage loans held for sale on non-accrual status was as follows:
| March 31, 2022 |  | December 31, 2021
Mortgage Loans Held for Sale | UPB |  | Fair Value |  | UPB |  | Fair Value
Non-accrual(1) | $ | 230 |  |  | $ | 224 |  |  | $ | 104 |  |  | $ | 94 |
(1)Non-accrual UPB includes $221 and $94 of UPB related to Ginnie Mae repurchased loans as of March 31, 2022 and December 31, 2021, respectively.

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- Definition Mortgage Loans Held for Sale and Investment + References No definition available. + Details
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- Definition Schedule of Loans Held-for-Sale [Table Text Block] + References No definition available. + Details
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