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Receivables (Tables) | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Schedule of 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.
Schedule of Changes in Allowance For Losses |
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 |

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- 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 + Details
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