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Receivables (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Receivables

			March 31, 2024						December 31, 2023
Servicing-related receivables:
Government-insured loan claims - Forward			$	38.9					$	43.6
Government-insured loan claims - Reverse			61.3						64.5
Due from custodial accounts			14.6						13.8
Subservicing fees and reimbursable expenses			12.8						14.3
Receivable from sale of MSRs (holdback)			6.7						5.1
Subservicing fees, reimbursable expenses and other - Due from MAV			0.6						3.4
Other			8.8						4.5
			143.7						149.2
Income taxes receivable (1)			27.0						27.1
Other receivables			4.1						3.6
			174.8						179.9
Allowance for losses			(22.7)						(25.1)
			$	152.1					$	154.8

(1)Includes $25.6 million and $25.2 million at March 31, 2024 and December 31, 2023, respectively, from the USVI Bureau of Internal Revenue (BIR) for a refund of income taxes paid in prior years. In December 2022, we executed an agreement with the BIR for payment of the income tax refunds related to tax years 2013 through 2015, plus accrued interest, over a two-year period ending December 31, 2024. The BIR did not make the payment that was due on December 31, 2023 pursuant to the agreement. On February 8, 2024, we filed a lawsuit against the USVI for the refund of income taxes paid in prior years and for the USVI’s breach of the above-referenced agreement.

Schedule of Changes in Allowance For Losses

Allowance for Losses			Three Months Ended March 31,
			2024						2023
Beginning balance			$	25.1					$	34.3
Provision			4.0						4.0
Charge-offs and other, net			(6.4)						(8.8)
Ending balance			$	22.7					$	29.5

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

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- References

No definition available.

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X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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