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Receivables | 6 Months Ended
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Jun. 30, 2025
Receivables [Abstract] |
Receivables |
Note 10 – Receivables
| June 30, 2025 |  | December 31, 2024
Servicing-related receivables: |  |  |
Government-insured loan claims - Reverse | $ | 112.5 |  |  | $ | 83.3 |
Government-insured loan claims - Forward | 25.2 |  |  | 31.5 |
Due from custodial accounts | 19.3 |  |  | 12.1 |
Subservicing fees and reimbursable expenses | 14.6 |  |  | 16.4 |
Receivable from sale of MSRs (holdback) | 3.4 |  |  | 9.7 |
Subservicing fees, reimbursable expenses and other - Due from MAV | 0.9 |  |  | 2.1 |
Other | 8.4 |  |  | 7.2 |
| 184.2 |  |  | 162.4 |
Income taxes receivable (1) | 29.2 |  |  | 28.2 |
Other receivables | 6.5 |  |  | 4.0 |
| 219.9 |  |  | 194.6 |
Allowance for losses | (15.3) |  |  | (18.1) |
| $ | 204.6 |  |  | $ | 176.4 |
(1)Includes $27.2 million at June 30, 2025 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. On April 30, 2025, the USVI filed an additional lawsuit against us alleging that we did not meet the conditions for receiving benefits under our Economic Development Commission Certificate. We have filed a motion to dismiss, which remains pending. See Note 22 – Contingencies for additional information.
Allowance for Losses | Three Months Ended June 30, |  | Six Months Ended June 30,
2025 |  | 2024 |  | 2025 |  | 2024
Beginning balance | $ | 19.2 |  |  | $ | 22.7 |  |  | $ | 18.1 |  |  | $ | 25.1 |
Provision | 3.3 |  |  | 3.1 |  |  | 5.9 |  |  | 7.1 |
Charge-offs and other, net | (7.2) |  |  | (5.4) |  |  | (8.8) |  |  | (11.8) |
Ending balance | $ | 15.3 |  |  | $ | 20.4 |  |  | $ | 15.3 |  |  | $ | 20.4 |
At June 30, 2025 and December 31, 2024, the allowance for losses related to FHA-, VA- or USDA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured claims) was $14.3 million and $17.2 million, respectively.

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- Definition The entire disclosure for claims held for amounts due to 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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