Receivables

6 Months Ended

Jun. 30, 2021


Note 9 – Receivables


	June 30, 2021		December 31, 2020
Servicing-related receivables:
Government-insured loan claims - Forward	$	97,739	$	103,058
Government-insured loan claims - Reverse	27,216		32,887

Due from custodial accounts	11,949		19,393
Servicing fee due from interim subservicer	9,734		43
Reimbursable expenses	6,446		4,927
Subservicing fees and reimbursable expenses - Due from NRZ	2,616		4,611
Other	2,169		1,087
	157,869		166,006
Income taxes receivable	45,929		57,503

Other receivables	3,235		3,200
	207,033		226,709
Allowance for losses	(41,848)		(39,044)
	$	165,185	$	187,665

At June 30, 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 $41.2 million and $38.3 million at June 30, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Beginning balance	$	40,437	$	58,103	$	38,339	$	56,868
Provision	2,579		2,122		7,537		7,194
Charge-offs and other, net	(1,800)		(6,915)		(4,660)		(10,752)
Ending balance	$	41,216	$	53,310	$	41,216	$	53,310