Mortgage Servicing (Tables)

9 Months Ended

Sep. 30, 2022

MSRs

Product and geographic concentrations

Schedule of product and geographic concentrations in servicing revenue

Product and geographic concentrations that impact our servicing revenue are as follows ($ in thousands):

September 30, 2022
Product Concentrations					Geographic Concentrations
						UPB
Product	UPB (1)		% of Total		State	% of Total
Fannie Mae	$	18,331,457	68	%	Texas	11	%
Freddie Mac		4,979,612	18	%	New York	11	%
Private Label		2,075,791	8	%	California	8	%
FHA		1,136,684	4	%	North Carolina	8	%
Bridge (2)		299,696	1	%	Georgia	6	%
SFR - Fixed Rate		241,887	1	%	New Jersey	6	%
Total	$	27,065,127	100	%	Florida	6	%
					Other (3)	44	%
					Total	100	%

December 31, 2021
Fannie Mae	$	19,127,397	71	%	Texas	12	%
Freddie Mac		4,943,905	18	%	New York	11	%
Private Label		1,711,326	6	%	North Carolina	9	%
FHA		985,063	4	%	California	8	%
SFR - Fixed Rate		191,698	1	%	Georgia	6	%
Total	$	26,959,389	100	%	Florida	6	%
					New Jersey	6	%
					Other (3)	42	%
					Total	100	%

(1) Excludes loans which we are not collecting a servicing fee.

(2) Represents four bridge loans sold by our Structured Business that we are servicing, see Note 3 for details.

(3) No other individual state represented 4% or more of the total.