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Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Changes in Liability for Representation and Warrant Obligations, Compensatory Fees for Foreclosures that may Ultimately Exceed Investor Timelines and Related Indemnification Obligations

The following table presents the changes in our liability for representation and warranty obligations and similar indemnification obligations:


	Years Ended December 31,
	2020		2019		2018
Beginning balance (1)	$	50,838	$	49,267	$	19,229
Provision (reversal) for representation and warranty obligations	(7,783)		(11,701)		4,649
New production reserves	2,596		304		7,437
Obligation assumed in connection with the acquisition of PHH	—		—		27,736

Charge-offs and other (2) (3)	(5,277)		12,968		(9,784)
Ending balance (1)	$	40,374	$	50,838	$	49,267

(1)The liability for representation and warranty obligations and compensatory fees for foreclosures is reported in Other liabilities (a component of Liability for indemnification obligations) on our consolidated balance sheets.

(2)Includes principal and interest losses realized in connection with repurchased loans, make-whole, indemnification and fee payments and settlements net of recoveries, if any.

(3)Includes $18.0 million liability for representation and warranty obligations related to sold advances previously presented as allowance for losses. See Note 8 — Advances.