XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.23.2

Receivables | 6 Months Ended
--- | ---
Jun. 30, 2023
Receivables [Abstract] |
Receivables |
Note 9 – Receivables
| June 30, 2023 |  | December 31, 2022
Servicing-related receivables: |  |  |
Government-insured loan claims - Forward | $ | 50.6 |  |  | $ | 65.0 |
Government-insured loan claims - Reverse | 89.0 |  |  | 73.8 |
Subservicing fees and reimbursable expenses | 13.5 |  |  | 11.7 |
Due from custodial accounts | 11.6 |  |  | 16.3 |
Receivable from sale of MSRs (holdback) | 10.5 |  |  | 1.5 |
Subservicing fees and reimbursable expenses - Due from Rithm | 1.8 |  |  | 3.0 |
Subservicing fees, reimbursable expenses and other - Due from MAV | 1.7 |  |  | 1.0 |
Other | 0.7 |  |  | 3.2 |
| 179.4 |  |  | 175.5 |
Income taxes receivable | 27.3 |  |  | 34.4 |
Other receivables | 9.3 |  |  | 5.2 |
| 216.0 |  |  | 215.1 |
Allowance for losses | (27.4) |  |  | (34.3) |
| $ | 188.6 |  |  | $ | 180.8 |
At June 30, 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 $27.0 million and $33.8 million at June 30, 2023 and December 31, 2022, respectively.
Allowance for Losses - Government-Insured Loan Claims | Three Months Ended June 30, |  | Six Months Ended June 30,
2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance | $ | 29.1 |  |  | $ | 40.8 |  |  | $ | 33.8 |  |  | $ | 41.5 |
Provision | 3.9 |  |  | 3.3 |  |  | 8.0 |  |  | 5.5 |
Charge-offs and other, net | (6.0) |  |  | (4.3) |  |  | (14.8) |  |  | (7.2) |
Ending balance | $ | 27.0 |  |  | $ | 39.8 |  |  | $ | 27.0 |  |  | $ | 39.8 |

X
- 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 https://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration