Financial Guarantee Liability (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Estimated Liability under Guarantee Liability

As of March 31, 2018 and December 31, 2017, the estimated liability under the guarantee liability, included as part of “Accounts payable, accrued and other liabilities” in the unaudited condensed consolidated statements of financial condition, was as follows (in thousands):


Balance at December 31, 2016	$	(413	)
Reversal to provision		359
Balance at December 31, 2017	$	(54	)
Increase to provision		(7	)
Balance at March 31, 2018	$	(61	)

Summary of Provision for Risk Sharing Obligations

The provisions for risk sharing, included in “Other expenses” in the accompanying unaudited condensed consolidated statements of operations, was as follows (in thousands):

	Three Months Ended March 31,
	2018		2017
Increase (decrease) to financial guarantee liability	$	7	$	(5	)
Decrease (increase) to credit enhancement asset		10		4
Total provision for risk-sharing obligations	$	17	$	(1	)