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v3.25.1

Commitments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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, 2025.
Securitized HECM loans at less than 92% MCA | $ | 8,774.3 |
Securitized HECM loans at equal to or greater than 92% and less than 95% MCA | 605.6 |
Securitized HECM loans at equal to or greater than 95% MCA and less than 98% MCA | 676.8 |
Total Securitized HECM loans UPB | $ | 10,056.7 |
Activity with regard to HMBS repurchases for the three months ended March 31, 2025 is as follows:
|  |  | Active (2) |  |  |  | Inactive |  |  | Total
Beginning balance |  |  | $ | 68.5 |  |  |  |  | $ | 159.5 |  |  |  |  | $ | 228.0 |
Additions |  |  | 103.0 |  |  |  |  | 53.9 |  |  |  |  | 156.9 |
Recoveries, net (1) |  |  | (68.2) |  |  |  |  | (8.7) |  |  |  |  | (76.9) |
Transfers |  |  | 4.9 |  |  |  |  | (4.9) |  |  |  |  | — |
Changes in value |  |  | 0.2 |  |  |  |  | (4.2) |  |  |  |  | (4.0) |
Ending balance |  |  | $ | 108.5 |  |  |  |  | $ | 195.6 |  |  |  |  | $ | 304.1 |
(1)Includes amounts received upon assignment of loan to HUD, loan payoff, REO liquidation and claim proceeds less any amounts charged off as unrecoverable. (2)Excludes $381.6 million UPB in loans directly assigned to HUD from the underlying Ginnie Mae securities without a cash repurchase from us.

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