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Commitments (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2025.
Securitized HECM loans at less than 92% MCA | $ | 8,602.6 |
Securitized HECM loans at equal to or greater than 92% and less than 95% MCA | 505.8 |
Securitized HECM loans at equal to or greater than 95% MCA and less than 98% MCA | 615.8 |
Total Securitized HECM loans UPB | $ | 9,724.2 |
Activity with regard to HMBS repurchases for the six months ended June 30, 2025 is as follows:
|  |  | Active (2) |  |  |  | Inactive |  |  | Total
Beginning balance |  |  | $ | 68.5 |  |  |  |  | $ | 159.5 |  |  |  |  | $ | 228.0 |
Additions |  |  | 172.2 |  |  |  |  | 100.9 |  |  |  |  | 273.1 |
Recoveries, net (1) |  |  | (136.4) |  |  |  |  | (29.2) |  |  |  |  | (165.6) |
Transfers |  |  | 6.6 |  |  |  |  | (6.6) |  |  |  |  | — |
Changes in value |  |  | 0.3 |  |  |  |  | (7.2) |  |  |  |  | (6.9) |
Ending balance |  |  | $ | 111.4 |  |  |  |  | $ | 217.3 |  |  |  |  | $ | 328.7 |
(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 $760.9 million UPB in loans directly assigned to HUD from the underlying Ginnie Mae securities without a cash repurchase from us.

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