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Receivables | 9 Months Ended
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Sep. 30, 2022
Receivables [Abstract] |
Receivables |
Note 9 – Receivables
| September 30, 2022 |  | December 31, 2021
Servicing-related receivables: |  |  |
Government-insured loan claims - Forward | $ | 70,089 |  |  | $ | 90,603 |
Government-insured loan claims - Reverse | 48,840 |  |  | 39,895 |
Due from custodial accounts | 29,900 |  |  | 7,777 |
Receivable from sale of MSRs (holdback) | 7,794 |  |  | — |
Servicing fees | 7,033 |  |  | 6,662 |
Reimbursable expenses | 6,770 |  |  | 6,056 |
Subservicing fees and reimbursable expenses - Due from Rithm | 2,245 |  |  | 3,781 |
Subservicing fees, reimbursable expenses and other - Due from MAV | 1,594 |  |  | 4,933 |
Other | 948 |  |  | 1,223 |
| 175,213 |  |  | 160,930 |
Income taxes receivable | 27,815 |  |  | 56,776 |
Due from MAV | 432 |  |  | 990 |
Other receivables | 4,542 |  |  | 3,760 |
| 208,002 |  |  | 222,456 |
Allowance for losses | (37,164) |  |  | (41,749) |
| $ | 170,838 |  |  | $ | 180,707 |
At September 30, 2022 and December 31, 2021, the allowance for losses primarily related to receivables of our Servicing business. The allowance for losses related to FHA-, VA- or USDA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured claims) was $36.5 million and $41.5 million at September 30, 2022 and December 31, 2021, respectively. The government-insured claims that do not exceed HUD, VA, FHA or USDA insurance limits are not subject to any allowance for losses as guaranteed by the U.S. government. The receivable amount in excess of the guaranteed claim limits or recoverable amounts per insurer guidelines or as a result of servicer error, such as exceeding key filing or foreclosure timelines, is subject to an allowance for losses. Receivables are financial assets subject to the credit loss allowance model under ASC 326: Financial Instruments - Credit Losses (CECL). The allowance for expected credit losses is estimated based on relevant qualitative and quantitative information about past events, including historical collection and loss experience, current conditions, and reasonable and supportable forecasts that affect collectability. We generally charge off the receivable balance when management determines the receivable to be uncollectible and when the receivable has been classified as a loss by our servicing claims analysis process.
Allowance for Losses - Government-Insured Loan Claims | Three Months Ended September 30, |  | Nine Months Ended September 30,
2022 |  | 2021 |  | 2022 |  | 2021
Beginning balance | $ | 39,751 |  |  | $ | 41,216 |  |  | $ | 41,495 |  |  | $ | 38,339 |
Provision | 3,319 |  |  | 2,990 |  |  | 8,816 |  |  | 10,526 |
Charge-offs and other, net | (6,577) |  |  | (3,141) |  |  | (13,818) |  |  | (7,800) |
Ending balance | $ | 36,493 |  |  | $ | 41,065 |  |  | $ | 36,493 |  |  | $ | 41,065 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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