XML 31 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Receivables
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Receivables
Note 9 – Receivables
 
June 30, 2020
 
December 31, 2019
Servicing-related receivables:
 
 
 
Government-insured loan claims
$
123,781

 
$
122,557

Sales and transfers of MSRs - Due from NRZ
—

 
24,167

Subservicing fees and reimbursable expenses - Due from NRZ
1,160

 
9,197

Reimbursable expenses
6,925

 
13,052

Due from custodial accounts
18,511

 
27,175

Other
2,475

 
4,970

 
152,852

 
201,118

Income taxes receivable (1)
110,142

 
37,888

Other receivables
39,004

 
20,086

 
301,998

 
259,092

Allowance for losses
(54,382
)
 
(57,872
)
 
$
247,616

 
$
201,220


(1)
See Note 16 – Income Taxes
At June 30, 2020 and December 31, 2019, the allowance for losses related to receivables of our Servicing business. The allowance for losses related to defaulted FHA- or VA-insured loans repurchased from Ginnie Mae guaranteed securitizations and not subsequently sold to third-party investors (government-insured loan claims) was $53.3 million and $56.9 million at June 30, 2020 and December 31, 2019, respectively. The government-insured loan claims are guaranteed by the U.S. government.
Allowance for Losses - Government-Insured Loan Claims
Three Months Ended June 30,
 
Six Months Ended June 30,
2020
 
2019
 
2020
 
2019
Beginning balance (1)
$
58,103

 
$
51,280

 
$
56,868

 
$
52,497

Provision
2,122

 
4,561

 
7,194

 
11,806

Charge-offs and other, net
(6,915
)
 
(5,330
)
 
(10,752
)
 
(13,792
)
Ending balance
$
53,310

 
$
50,511

 
$
53,310

 
$
50,511

(1)
The adoption of ASU 2016-13 did not result in any significant change to the allowance for losses related to receivables as of January 1, 2020.