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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
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).

Representation and Warranty Specific Claims

 

Activity - Origination Loan Balance

 

Three Months Ended June 30,

Six Months Ended June 30,

 

   

2022

   

2021

2022

    

2021

 

Balance, beginning of period

$

30,271

$

30,137

$

31,407

$

30,085

Claims made

 

18,216

 

8,575

 

28,058

 

13,687

Claims resolved with no payment

 

(3,454)

 

(1,956)

 

(7,974)

 

(4,870)

Repurchases

 

(16,318)

 

(3,446)

 

(22,776)

 

(5,257)

Indemnification payments

 

 

(547)

 

 

(882)

Balance, end of period

$

28,715

$

32,763

$

28,715

$

32,763

Indemnification Liability Reserve Activity

 

   

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2022

   

2021

    

2022

    

2021

 

Balance, beginning of period

$

27,250

$

24,261

$

27,424

$

21,531

Additions for new sales

 

762

 

2,858

 

1,515

 

5,865

Repurchases

 

(4,211)

 

(274)

 

(4,775)

 

(398)

Early payment defaults

 

(51)

 

(25)

 

(122)

 

(36)

Indemnification payments

 

 

(122)

 

 

(264)

Change in reserves for loans sold in prior years

 

 

(326)

 

(292)

 

(326)

Balance, end of period

$

23,750

$

26,372

$

23,750

$

26,372

June 30,

December 31,

   

2022

2021

  

Reserve for Indemnification Liability:

Specific claims

$

829

$

345

Incurred but not reported claims

 

22,921

 

27,079

Total

$

23,750

$

27,424