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Commitments (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023.
Securitized HECM loans at less than 92% MCA | $ | 7,053.3 |
Securitized HECM loans at equal to or greater than 92% and less than 95% MCA | 211.9 |
Securitized HECM loans at equal to or greater than 95% MCA and less than 98% MCA | 222.9 |
Total Securitized HECM loans UPB | $ | 7,488.1 |
Activity with regard to HMBS repurchases for the nine months ended September 30, 2023 is as follows:
|  |  | Active |  |  |  | Inactive |  |  | Total
Beginning balance |  |  | $ | 70.7 |  |  |  |  | $ | 107.7 |  |  |  |  | $ | 178.4 |
Additions |  |  | 159.3 |  |  |  |  | 65.6 |  |  |  |  | 224.9 |
Recoveries, net (1) |  |  | (187.9) |  |  |  |  | (42.2) |  |  |  |  | (230.1) |
Transfers |  |  | 3.8 |  |  |  |  | (3.8) |  |  |  |  | — |
Changes in value |  |  | 0.3 |  |  |  |  | (3.4) |  |  |  |  | (3.2) |
Ending balance |  |  | $ | 46.2 |  |  |  |  | $ | 123.9 |  |  |  |  | $ | 170.0 |
(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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