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v3.23.2

Commitments (Tables) | 6 Months Ended
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Jun. 30, 2023
Other Commitments [Abstract] |
Schedule of Activity Related to HMBS Repurchases | The table below provides the breakdown of the portfolio UPB with respect to the percentage of the MCA at June 30, 2023.
| June 30, 2023
Securitized HECM loans at less than 92% MCA | $ | 6,998.9 |
Securitized HECM loans at equal to or greater than 92% and less than 95% MCA | 194.1 |
Securitized HECM loans at equal to or greater than 95% MCA and less than 98% MCA | 175.6 |
Total Securitized HECM loans UPB | $ | 7,368.7 |
Activity with regard to HMBS repurchases is as follows:
|  | Six Months Ended June 30, 2023
|  | Active |  |  |  | Inactive |  |  | Total
Beginning balance |  |  | $ | 70.7 |  |  |  |  | $ | 107.7 |  |  |  |  | $ | 178.4 |
Additions |  |  | 133.7 |  |  |  |  | 47.6 |  |  |  |  | 181.3 |
Recoveries, net (1) |  |  | (137.9) |  |  |  |  | (26.9) |  |  |  |  | (164.8) |
Transfers |  |  | (0.6) |  |  |  |  | 0.6 |  |  |  |  | — |
Changes in value |  |  | 0.1 |  |  |  |  | (2.2) |  |  |  |  | (2.2) |
Ending balance |  |  | $ | 66.0 |  |  |  |  | $ | 126.9 |  |  |  |  | $ | 192.8 |
(1)Includes amounts received upon assignment of loan to HUD, loan payoff, REO liquidation and claim proceeds less any amounts charged off as unrecoverable.

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