XML 56 R46.htm IDEA: XBRL DOCUMENT

Commitments (Tables)

9 Months Ended

Sep. 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 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.