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Receivables | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Receivables |
Note 10 – Receivables
| September 30, 2024 |  | December 31, 2023
Servicing-related receivables: |  |  |
Government-insured loan claims - Reverse | $ | 63.2 |  |  | $ | 64.5 |
Government-insured loan claims - Forward | 34.2 |  |  | 43.6 |
Due from custodial accounts | 20.1 |  |  | 13.8 |
Receivable from sale of MSRs (holdback) | 16.9 |  |  | 5.1 |
Subservicing fees and reimbursable expenses | 15.7 |  |  | 14.3 |
Subservicing fees, reimbursable expenses and other - Due from MAV | 2.2 |  |  | 3.4 |
Other | 6.5 |  |  | 4.5 |
| 158.8 |  |  | 149.2 |
Income taxes receivable (1) | 28.2 |  |  | 27.1 |
Other receivables | 4.9 |  |  | 3.6 |
| 191.9 |  |  | 179.9 |
Allowance for losses | (19.7) |  |  | (25.1) |
| $ | 172.2 |  |  | $ | 154.8 |
(1)Includes $26.3 million and $25.2 million at September 30, 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 nor any subsequent payments 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; the USVI is defending against such claims and contesting that such refunds are owed.
Allowance for Losses | Three Months Ended September 30, |  | Nine Months Ended September 30,
2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 20.4 |  |  | $ | 27.4 |  |  | $ | 25.1 |  |  | $ | 34.3 |
Provision | 4.1 |  |  | 5.4 |  |  | 11.3 |  |  | 13.4 |
Charge-offs and other, net | (4.9) |  |  | (4.5) |  |  | (16.7) |  |  | (19.3) |
Ending balance | $ | 19.7 |  |  | $ | 28.4 |  |  | $ | 19.7 |  |  | $ | 28.4 |
At September 30, 2024 and December 31, 2023, the allowance for losses related to FHA-, VA- or USDA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured claims) was $19.1 million and $24.6 million, respectively.

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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 -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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