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Commitments (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024.
Securitized HECM loans at less than 92% MCA | $ | 7,163.9 |
Securitized HECM loans at equal to or greater than 92% and less than 95% MCA | 259.9 |
Securitized HECM loans at equal to or greater than 95% MCA and less than 98% MCA | 198.0 |
Total Securitized HECM loans UPB | $ | 7,621.8 |
Activity with regard to HMBS repurchases for the three months ended March 31, 2024 is as follows:
|  |  | Active |  |  |  | Inactive |  |  | Total
Beginning balance |  |  | $ | 55.4 |  |  |  |  | $ | 130.6 |  |  |  |  | $ | 186.0 |
Additions |  |  | 26.1 |  |  |  |  | 15.8 |  |  |  |  | 41.9 |
Recoveries, net (1) |  |  | (36.6) |  |  |  |  | (14.5) |  |  |  |  | (51.1) |
Transfers |  |  | 0.8 |  |  |  |  | (0.8) |  |  |  |  | — |
Changes in value |  |  | — |  |  |  |  | (1.1) |  |  |  |  | (1.1) |
Ending balance |  |  | $ | 45.7 |  |  |  |  | $ | 130.0 |  |  |  |  | $ | 175.7 |
(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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