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Contingencies (Tables)

9 Months Ended

Sep. 30, 2021

Loss Contingency [Abstract]

Schedule of Indemnification Obligations

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

			Nine Months Ended September 30,
			2021						2020
Beginning balance (1)			$	40,374					$	50,838
Provision (reversal) for representation and warranty obligations			1,483						(1,141)
New production liability			3,227						1,361
Charge-offs and other (2)			(2,530)						(8,130)
Ending balance (1)			$	42,554					$	42,928

(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 unaudited 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.

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- Definition

Tabular disclosure of changes in liability for representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and related indemnification obligations.

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