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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
Commitments and Contingencies  
Schedule of roll-forward of claims activity for loans put-back to the mortgage origination segment

The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands).

Representation and Warranty Specific Claims

 

Activity - Origination Loan Balance

 

Three Months Ended March 31,

 

    

2020

    

2019

 

Balance, beginning of period

$

32,144

$

33,784

Claims made

 

6,071

 

3,182

Claims resolved with no payment

 

(984)

 

(5,687)

Repurchases

 

(2,330)

 

(1,167)

Indemnification payments

 

(122)

 

Balance, end of period

$

34,779

$

30,112

Indemnification Liability Reserve Activity

    

Three Months Ended March 31,

 

2020

    

2019

 

Balance, beginning of period

$

11,776

$

10,701

Additions for new sales

 

725

 

489

Repurchases

 

(271)

 

(82)

Early payment defaults

 

(39)

 

(142)

Indemnification payments

 

(43)

 

(3)

Change in reserves for loans sold in prior years

 

 

(242)

Balance, end of period

$

12,148

$

10,721

March 31,

December 31,

    

2020

2019

 

Reserve for Indemnification Liability:

Specific claims

$

1,186

$

1,071

Incurred but not reported claims

 

10,962

 

10,705

Total

$

12,148

$

11,776