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v3.25.1

Advances (Tables) | 3 Months Ended
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Mar. 31, 2025
Advances [Abstract] |
Schedule of Advances Paid on Behalf of Borrowers or on Foreclosed Properties | The following table presents the composition of servicing advances by type:
| March 31, 2025 |  | December 31, 2024
Principal and interest | $ | 145.2 |  |  | $ | 150.1 |
Taxes and insurance | 253.6 |  |  | 314.2 |
Foreclosures, bankruptcy, REO and other (1) | 122.7 |  |  | 120.3 |
Total advances, before allowance for losses | 521.5 |  |  | 584.6 |
Allowance for losses | (7.5) |  |  | (7.4) |
Advances, net | $ | 514.0 |  |  | $ | 577.2 |
(1) No state represented a balance exceeding 5% of the total advances (based on the underlying property location of the related mortgage loans), except for the state of New York with $31.2 million. The following table presents the composition of servicing advances by investor:
| March 31, 2025 |  | December 31, 2024
GSE | $ | 64.6 |  |  | $ | 94.0 |
Ginnie Mae | 63.1 |  |  | 70.6 |
Non-Agency | 386.3 |  |  | 412.6 |
Advances, net | $ | 514.0 |  |  | $ | 577.2 |
Schedule of Activity in Advances | The following table summarizes the activity in net advances:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Beginning balance - before Allowance for Losses | $ | 584.6 |  |  | $ | 686.1 |  |  |  |  |
New advances | 200.0 |  |  | 199.4 |  |  |  |  |
Transfer from (to) Receivables | 0.4 |  |  | 2.9 |  |  |  |  |
Transfer from (to) REO | 0.7 |  |  | — |  |  |  |  |
Sales of advances | (0.3) |  |  | (1.0) |  |  |  |  |
Acquisition of advances in connection with the purchase of MSRs | 2.5 |  |  | — |  |  |  |  |
Transfer to Loans held for sale (incl. capitalization upon Ginnie Mae modifications) | (4.8) |  |  | (2.1) |  |  |  |  |
Collections of advances and other | (261.4) |  |  | (274.7) |  |  |  |  |
Ending balance - before Allowance for Losses | 521.5 |  |  | 610.5 |  |  |  |  |
Beginning balance - Allowance for Losses | (7.4) |  |  | $ | (7.3) |  |  |  |  |
Provision expense | (2.1) |  |  | (2.9) |  |  |  |  |
Net charge-offs and other | 2.0 |  |  | 2.5 |  |  |  |  |
Ending balance - Allowance for Losses | (7.5) |  |  | (7.7) |  |  |  |  |
Ending balance, net | $ | 514.0 |  |  | $ | 602.7 |  |  |  |  |

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- Definition Advances [Abstract] + References No definition available. + Details
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- Definition Disclosure of accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the lender, appropriate governmental agency(ies) or vendor(s) on behalf of the borrower. + References No definition available. + Details
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- Definition Schedule of Activity in Advances [Table Text Block] + References No definition available. + Details
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