Receivables

3 Months Ended

Mar. 31, 2023


Note 9 – Receivables


	March 31, 2023		December 31, 2022
Servicing-related receivables:
Government-insured loan claims - Forward	$	53.4	$	65.0
Government-insured loan claims - Reverse	96.6		73.8

Due from custodial accounts	22.7		16.3
Servicing fees	7.7		6.4
Reimbursable expenses	5.8		5.3
Subservicing fees and reimbursable expenses - Due from Rithm	1.6		3.0
Receivable from sale of MSRs (holdback)	1.5		1.5
Subservicing fees, reimbursable expenses and other - Due from MAV	0.5		1.0
Other	0.8		3.2
	190.6		175.5
Income taxes receivable	33.4		34.4
Due from MAV	0.4		0.6
Other receivables	5.3		4.6
	229.7		215.1
Allowance for losses	(29.5)		(34.3)
	$	200.2	$	180.8

At March 31, 2023 and December 31, 2022, 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 $29.1 million and $33.8 million at March 31, 2023 and December 31, 2022, respectively.


Allowance for Losses - Government-Insured Loan Claims	Three Months Ended March 31,
	2023		2022
Beginning balance	$	33.8	$	41.5
Provision	4.1		2.2
Charge-offs and other, net	(8.8)		(2.9)
Ending balance	$	29.1	$	40.8