Receivables

12 Months Ended

Dec. 31, 2022

Note 9 — Receivables


	December 31,
	2022		2021
Servicing-related receivables:
Government-insured loan claims - Forward	$	65.0	$	90.6
Government-insured loan claims - Reverse	73.8		39.9
Due from custodial accounts	16.3		7.8
Servicing fees	6.4		6.7
Reimbursable expenses	5.3		6.1
Subservicing fees and reimbursable expenses - Due from Rithm	3.0		3.8
Receivable from sale of MSRs (holdback)	1.5		—
Subservicing fees, reimbursable expenses and other - Due from MAV	1.0		4.9

Other	3.2		1.2
	175.5		160.9
Income taxes receivable (1)	34.4		56.8
Due from MAV	0.6		1.0
Other receivables	4.6		3.8
	215.1		222.5
Allowance for losses	(34.3)		(41.7)
	$	180.8	$	180.7

(1)Includes $32.5 million at December 31, 2022 from the USVI Bureau of Internal Revenue (BIR) for a refund of income taxes paid in prior years. In December 2022, we executed an agreement with the BIR for payment of the income tax refunds, plus accrued interest, over a two-year period ending December 31, 2024.

At December 31, 2022 and 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 $33.8 million and $41.5 million at December 31, 2022 and 2021, respectively.


Allowance for Losses - Government-Insured Loan Claims	Years Ended December 31,
	2022		2021		2020
Beginning balance	$	41.5	$	38.3	$	56.9
Provision	12.5		14.4		18.1
Charge-offs and other, net	(20.2)		(11.3)		(36.7)
Ending balance	$	33.8	$	41.5	$	38.3