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Commitments (Tables)

6 Months Ended

Jun. 30, 2023

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.