Receivables

9 Months Ended

Sep. 30, 2023


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