Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events

Subsequent Events

Note 13.—Subsequent Events

As previously reported on Form 8-K, on July 7, 2020, the Company received notification from the Freddie Mac that the Company’s eligibility to sell whole loans to Freddie Mac was suspended, without cause.  As noted in Freddie Mac’s Seller/Servicer Guide, Freddie Mac may elect, in its sole discretion, to suspend a Seller from eligibility, without cause, thereby restricting the Seller from obtaining new purchase commitments during the suspension period. 

Subsequent events have been evaluated through the date of this filing.