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Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
Accrued Expenses And Other Liabilities Accrued Expenses and Other Liabilities
The components of accrued expenses and other liabilities consisted of the following as of December 31,:
20232022
Lease liability$26,431 $31,267 
Salary and employee benefits30,549 29,834 
Derivative financial instruments20,505 24,527 
Loans subject to unilateral repurchase rights - Ginnie Mae23,430 12,224 
FRB courtesy inclearings6,139 6,821 
Professional fees1,607 1,757 
Property taxes payable1,260 886 
MPF servicing principal and interest payable522 885 
Other14,927 15,884 
Total accrued expenses and other liabilities$125,370 $124,085 
For additional information regarding our lease liability, see Note 25 - Lease Commitments.
For certain loans that we have sold to Ginnie Mae, we as the issuer have the unilateral right to repurchase without Ginnie Mae’s prior authorization any individual loan in a Ginnie Mae securitization pool if that loan meets certain criteria, including being delinquent greater than 90 days. Once we have the unilateral right to repurchase a delinquent loan, we have effectively regained control over the loan, and under U.S. GAAP, must re-recognize the loan on our consolidated balance sheet and establish a corresponding repurchase liability regardless of our intention to repurchase the loan.