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Receivables | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Receivables |
Note 9 – Receivables
| September 30, 2023 |  | December 31, 2022
Servicing-related receivables: |  |  |
Government-insured loan claims - Forward | $ | 48.5 |  |  | $ | 65.0 |
Government-insured loan claims - Reverse | 62.1 |  |  | 73.8 |
Subservicing fees and reimbursable expenses | 17.7 |  |  | 11.7 |
Due from custodial accounts | 16.0 |  |  | 16.3 |
Receivable from sale of MSRs (holdback) | 5.7 |  |  | 1.5 |
Subservicing fees and reimbursable expenses - Due from Rithm | 2.4 |  |  | 3.0 |
Subservicing fees, reimbursable expenses and other - Due from MAV | 3.0 |  |  | 1.0 |
Other | 0.1 |  |  | 3.2 |
| 155.4 |  |  | 175.5 |
Income taxes receivable | 27.4 |  |  | 34.4 |
Other receivables | 10.3 |  |  | 5.2 |
| 193.1 |  |  | 215.1 |
Allowance for losses | (28.4) |  |  | (34.3) |
| $ | 164.7 |  |  | $ | 180.8 |
At September 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 $27.4 million and $33.8 million at September 30, 2023 and December 31, 2022, respectively.
Allowance for Losses - Government-Insured Loan Claims | Three Months Ended September 30, |  | Nine Months Ended September 30,
2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance | $ | 27.0 |  |  | $ | 39.8 |  |  | $ | 33.8 |  |  | $ | 41.5 |
Provision | 5.2 |  |  | 3.3 |  |  | 13.2 |  |  | 8.8 |
Charge-offs and other, net | (4.8) |  |  | (6.6) |  |  | (19.5) |  |  | (13.8) |
Ending balance | $ | 27.4 |  |  | $ | 36.5 |  |  | $ | 27.4 |  |  | $ | 36.5 |

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- 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
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- References No definition available. + Details
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