Receivables

3 Months Ended

Mar. 31, 2021


Note 9 – Receivables


	March 31, 2021		December 31, 2020
Servicing-related receivables:
Government-insured loan claims - Forward	$	101,598	$	103,058
Government-insured loan claims - Reverse	29,138		32,887

Due from custodial accounts	18,596		19,393
Subservicing fees and reimbursable expenses - Due from NRZ	11,653		4,611
Reimbursable expenses	11,360		4,970
Other	4,850		1,087
	177,195		166,006
Income taxes receivable	39,233		57,503

Other receivables	2,828		3,200
	219,256		226,709
Allowance for losses	(41,047)		(39,044)
	$	178,209	$	187,665

At March 31, 2021 and December 31, 2020, the allowance for losses primarily related to receivables of our Servicing business. The allowance for losses related to FHA- or VA-insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured claims) was $40.4 million and $38.3 million at March 31, 2021 and December 31, 2020, respectively. The government-insured claims that do not exceed HUD, VA or FHA insurance limits are guaranteed by the U.S. government.


Allowance for Losses - Government-Insured Loan Claims	Three Months Ended March 31,
	2021		2020
Beginning balance	$	38,339	$	56,868
Provision	4,958		5,072
Charge-offs and other, net	(2,860)		(3,837)
Ending balance	$	40,437	$	58,103