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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies  
Schedule of rollforward 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).

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Representation and Warranty Specific Claims

 

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Activity - Origination Loan Balance

 

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Three Months Ended June 30,

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Six Months Ended June 30,

 

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2020

    

2019

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2020

    

2019

 

Balance, beginning of period

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$

34,779

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$

30,112

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$

32,144

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$

33,784

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Claims made

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6,141

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6,504

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12,212

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9,686

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Claims resolved with no payment

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(673)

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(1,579)

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(1,657)

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(7,266)

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Repurchases

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(5,053)

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(1,478)

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(7,383)

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(2,645)

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Indemnification payments

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—

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(485)

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(122)

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(485)

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Balance, end of period

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$

35,194

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$

33,074

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$

35,194

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$

33,074

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Indemnification Liability Reserve Activity

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Three Months Ended June 30,

 

Six Months Ended June 30,

 

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2020

    

2019

    

2020

    

2019

 

Balance, beginning of period

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$

12,148

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$

10,721

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$

11,776

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$

10,701

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Additions for new sales

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2,897

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792

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3,622

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1,281

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Repurchases

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(210)

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(127)

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(480)

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(209)

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Early payment defaults

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(359)

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(97)

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(402)

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(239)

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Indemnification payments

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—

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(92)

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(40)

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(95)

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Change in reserves for loans sold in prior years

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987

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(364)

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987

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(606)

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Balance, end of period

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$

15,463

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$

10,833

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$

15,463

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$

10,833

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June 30,

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December 31,

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2020

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2019

  

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Reserve for Indemnification Liability:

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Specific claims

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$

1,423

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$

1,071

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Incurred but not reported claims

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14,040

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10,705

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Total

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$

15,463

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$

11,776

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