XML 48 R34.htm IDEA: XBRL DOCUMENT v3.25.4
ALLOWANCE FOR RISK-SHARING OBLIGATIONS AND GUARANTY OBLIGATION (Tables)
12 Months Ended
Dec. 31, 2025
ALLOWANCE FOR RISK-SHARING OBLIGATIONS AND GUARANTY OBLIGATION  
Summary of Allowance for Risk-Sharing Obligations

For the year ended December 31, 

 

Roll Forward of Allowance for Risk-Sharing Obligations
(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Beginning balance

$

28,159

$

31,601

Provision (benefit) for risk-sharing obligations

 

9,387

 

(974)

Write-offs

 

 

(468)

Other

(2,000)

Ending balance

$

37,546

$

28,159

Schedule of CECL Calculation Details and Provision Impact

2025

CECL Allowance Calculation Inputs, Details, and Provision Impact

Q1

Q2

Q3

Q4

Total

Forecast-period loss rate (in basis points)

2.1

2.1

2.1

2.1

N/A

Reversion-period loss rate (in basis points)

1.2

1.2

1.2

1.2

N/A

Historical loss rate (in basis points)

0.3

0.3

0.3

0.3

N/A

At-risk Fannie Mae servicing portfolio UPB (in billions)

$

63.6

$

64.7

$

66.0

$

67.5

N/A

CECL allowance (in millions)

$

24.4

$

24.6

$

24.8

$

25.0

N/A

Provision (benefit) for CECL allowance (in millions)

$

0.2

$

0.2

$

0.1

$

0.2

$

0.7

2024

CECL Allowance Calculation Inputs, Details, and Provision Impact

Q1

Q2

Q3

Q4

Total

Forecast-period loss rate (in basis points)

2.3

2.3

2.1

2.1

N/A

Reversion-period loss rate (in basis points)

1.3

1.3

1.2

1.2

N/A

Historical loss rate (in basis points)

0.3

0.3

0.3

0.3

N/A

At-risk Fannie Mae servicing portfolio UPB (in billions)

$

59.2

$

59.5

$

60.6

$

62.9

N/A

CECL allowance (in millions)

$

25.0

$

24.9

$

23.4

$

24.2

N/A

Provision (benefit) for CECL allowance (in millions)

$

(6.6)

$

(0.1)

$

(1.5)

$

0.8

$

(7.4)

2023

CECL Allowance Calculation Inputs, Details, and Provision Impact

Q1

Q2

Q3

Q4

Total

Forecast-period loss rate (in basis points)

2.3

2.3

2.3

2.4

N/A

Reversion-period loss rate (in basis points)

1.5

1.5

1.5

1.5

N/A

Historical loss rate (in basis points)

0.6

0.6

0.6

0.6

N/A

At-risk Fannie Mae servicing portfolio UPB (in billions)

$

54.5

$

55.7

$

57.4

$

58.5

N/A

CECL allowance (in millions)

$

28.7

$

28.9

$

31.0

$

31.6

N/A

Provision (benefit) CECL allowance (in millions)

$

(11.0)

$

0.2

$

0.5

$

0.6

$

(9.7)

Schedule of Activity Related to Guaranty Obligation

For the year ended December 31, 

 

Roll Forward of Guaranty Obligation (in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Beginning balance

$

35,980

$

39,868

Additions, following the sale of loan

 

5,679

 

4,218

Amortization and write-offs

 

(8,735)

 

(8,106)

Ending balance

$

32,924

$

35,980