Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Activity Related to HMBS Repurchases

Activity with regard to HMBS repurchases, including MCA repurchases, follows:


	Year Ended December 31, 2020
	Active			Inactive			Total
	Number	Amount		Number	Amount		Number	Amount
Beginning balance	62	$	10,546	258	$	25,147	320	$	35,693
Additions (1)	222	59,589		295	44,847		517	104,436
Recoveries, net (2)	(134)	(38,093)		(245)	(12,246)		(379)	(50,339)
Transfers	(9)	(2,233)		9	2,233		—	—
Changes in value	—	43		—	(3,532)		—	(3,489)
Ending balance	141	$	29,852	317	$	56,449	458	$	86,301

(1)Total repurchases during the year ended December 31, 2020, includes 423 loans totaling $95.3 million related to MCA repurchases.

(2)Includes amounts received upon assignment of loan to HUD, loan payoff, REO liquidation and claim proceeds less any amounts charged off as unrecoverable.

Schedule of Future Minimum Rental Commitments under Non-cancelable Operating Leases

We lease certain of our premises and equipment under non-cancelable operating leases with terms expiring through 2025 exclusive of renewal option periods. At December 31, 2020, the weighted average remaining term of our leases was 2.4 years. A maturity analysis of our lease liability as of December 31, 2020 is summarized as follows:


2021	$	14,618
2022	10,960
2023	1,969
2024	697
2025	654
Thereafter	—
	28,898
Less: Adjustment to present value	(1,505)
Total lease payments, net	$	27,393

(1)At December 31, 2020, the weighted average of the discount rate used to estimate the present value was 7.5% based on our incremental borrowing rate.