Financial Guarantee Liability (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Estimated Liability under Guarantee Liability

As of September 30, 2017 and December 31, 2016, the estimated liability under the guarantee liability, included as part of “Accounts payable, accrued and other liabilities” in the unaudited condensed consolidated statements of financial condition, was as follows (in thousands):


Balance at December 31, 2015	$	(288	)
Increase to provision		(125	)
Balance at December 31, 2016	$	(413	)
Reversal of provision		347
Balance at September 30, 2017	$	(66	)

Summary of Provision for Risk Sharing Obligations

The provisions for risk sharing, included in “Other expenses” in the accompanying unaudited condensed consolidated statements of operations, was as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Increase (decrease) to financial guarantee liability	$	(134	)	$	(146	)	$	(347	)	$	98
Decrease (increase) to credit enhancement asset		1			21			145			95
Increase (deacrease) to contingent liability	—			—				6			7
Total provision for risk-sharing obligations	$	(133	)	$	(125	)	$	(196	)	$	200