XML 77 R53.htm IDEA: XBRL DOCUMENT v3.25.0.1
Receivables (Tables)
 12 Months Ended
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables
December 31,
 20242023
Servicing-related receivables:  
Government-insured loan claims - Reverse$83.3 $64.5 
Government-insured loan claims - Forward31.5 43.6 
Subservicing fees and reimbursable expenses16.4 14.3 
Due from custodial accounts12.1 13.8 
Receivable from sale of MSRs (holdback)9.7 5.1 
Subservicing fees, reimbursable expenses and other - Due from MAV2.1 3.4 
Other 7.2 4.5 
162.4 149.2 
Income taxes receivable (1)28.2 27.1 
Other receivables4.0 3.6 
194.6 179.9 
Allowance for losses (18.1)(25.1)
 $176.4 $154.8 
(1)Includes $26.6 million and $25.2 million at December 31, 2024 and 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
Years Ended December 31,
202420232022
Beginning balance$25.1 $34.3 $41.7 
Provision16.7 17.2 13.3 
Charge-offs and other, net(23.6)(26.5)(20.7)
Ending balance$18.1 $25.1 $34.3