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Mortgage Servicing
 6 Months Ended
Jun. 30, 2022
Transfers and Servicing [Abstract]  
Mortgage Servicing
Note 7 – Mortgage Servicing
MSRs – At Fair Value
Three Months Ended June 30,
20222021
AgencyNon-AgencyTotalAgencyNon-AgencyTotal
Beginning balance$1,664,855 $658,426 $2,323,281 $708,663 $691,554 $1,400,217 
Sales of MSRs(28)— (28)— — — 
Additions:
Recognized on the sale of residential mortgage loans
60,162 — 60,162 35,802 — 35,802 
Purchase of MSRs
36,863 — 36,863 733,538 — 733,538 
Servicing transfers and adjustments (1)11,795 2,926 14,721 27 (1,633)(1,606)
Changes in fair value:
Changes in valuation inputs or assumptions 85,955 32,297 118,252 (42,337)3,941 (38,396)
Realization of expected cash flows (42,998)(24,574)(67,572)(27,273)(29,764)(57,037)
Ending balance$1,816,604 $669,075 $2,485,679 $1,408,420 $664,098 $2,072,518 
MSRs – At Fair Value
Six Months Ended June 30,
20222021
AgencyNon-AgencyTotalAgencyNon-AgencyTotal
Beginning balance$1,571,837 $678,310 $2,250,147 $578,957 $715,860 $1,294,817 
Sales of MSRs(149,339)(24)(149,363)— — — 
Additions:
Recognized on the sale of residential mortgage loans
105,965 — 105,965 70,062 — 70,062 
Purchase of MSRs
83,662 — 83,662 770,316 — 770,316 
Servicing transfers and adjustments14,720 (822)13,898 56 (2,190)(2,134)
Changes in fair value:
Changes in valuation inputs or assumptions 280,431 41,341 321,772 40,149 5,470 45,619 
Realization of expected cash flows (90,672)(49,730)(140,402)(51,120)(55,042)(106,162)
Ending balance$1,816,604 $669,075 $2,485,679 $1,408,420 $664,098 $2,072,518 
The following table summarizes delinquency status of the loans underlying our MSRs:
June 30, 2022December 31, 2021
Delinquent loansAgencyNon - AgencyTotalAgencyNon - AgencyTotal
30 days1.5 %7.3 %4.2 %1.4 %7.2 %4.1 %
60 days0.4 2.8 1.5 0.4 2.8 1.6 
90 days or more1.2 8.4 4.6 1.9 8.0 4.8 
Total 30-60-90 days or more3.1 %18.5 %10.3 %3.7 %18.0 %10.5 %
MSR UPB and Fair Value
June 30, 2022December 31, 2021June 30, 2021
Fair ValueUPBFair ValueUPBFair ValueUPB
Owned MSRs$1,552,622 $116,260,079 $1,422,546 $127,919,800 $1,536,947 $148,882,743 
NRZ transferred MSRs (1) (2)550,808 49,730,000 558,940 53,652,843 535,571 59,038,668 
MAV transferred MSRs (1)382,249 28,486,472 268,661 24,018,904 — — 
Total $2,485,679 $194,476,551 $2,250,147 $205,591,547 $2,072,518 $207,921,411 
(1)MSRs subject to sale agreements with NRZ and MAV that do not meet sale accounting criteria. During the six months ended June 30, 2022 , we transferred MSRs with a UPB of $5.9 billion to MAV. See Note 8 — MSR Transfers Not Qualifying for Sale Accounting.
(2)At June 30, 2022, the UPB of MSRs transferred to NRZ for which title is retained by Ocwen was $11.3 billion and the UPB of MSRs transferred to NRZ for which title has passed was $38.4 billion.
We purchased MSRs with a UPB of $7.3 billion and $67.3 billion from unrelated third-parties during the six months ended June 30, 2022 and 2021, respectively. We sold MSRs with a UPB of $11.1 billion and $13.1 million during the six months ended June 30, 2022 and 2021, respectively, to unrelated third parties.
Servicing Revenue

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Loan servicing and subservicing fees
Servicing$80,889 $79,377 $169,424 $143,269 
Subservicing20,353 2,617 35,032 6,104 
MAV (1)18,837 — 35,460 — 
NRZ (1)64,729 77,716 131,875 158,101 
184,809 159,710 371,791 307,474 
Ancillary income
Late charges11,738 11,447 21,758 20,679 
Reverse subservicing ancillary fees6,257 — 9,390 — 
Recording fees2,624 3,202 5,874 6,854 
Loan collection fees2,870 2,761 5,819 5,711 
Boarding and deboarding fees1,863 2,184 3,625 5,203 
Custodial accounts (float earnings)1,804 1,306 2,786 2,313 
GSE forbearance fees181 507 365 1,072 
Other, net2,985 3,325 6,346 6,873 
30,322 24,731 55,963 48,705 
 $215,131 $184,441 $427,754 $356,179 
(1)Includes servicing fees related to transferred MSRs and subservicing fees. See Note 8 — MSR Transfers Not Qualifying for Sale Accounting.
Float balances (balances in custodial accounts, which represent collections of principal and interest that we receive from borrowers on behalf of investors) are held in escrow by unaffiliated banks and are excluded from our unaudited consolidated balance sheets. Float balances amounted to $1.8 billion, $2.1 billion and $2.1 billion at June 30, 2022, December 31, 2021 and June 30, 2021, respectively.