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GUARANTY OBLIGATION AND ALLOWANCE FOR RISK-SHARING OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2017
GUARANTY OBLIGATION AND ALLOWANCE FOR RISK-SHARING OBLIGATIONS  
Schedule of Activity Related to Guaranty Obligation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

 

 

 

June 30, 

 

June 30, 

 

(in thousands)

    

2017

    

2016

    

2017

    

2016

 

Beginning balance

 

$

35,311

 

$

28,552

 

$

32,292

 

$

27,570

 

Additions, following the sale of loan

 

 

3,046

 

 

1,777

 

 

7,736

 

 

3,689

 

Amortization

 

 

(1,885)

 

 

(1,537)

 

 

(3,466)

 

 

(2,750)

 

Other

 

 

20

 

 

(386)

 

 

(70)

 

 

(103)

 

Ending balance

 

$

36,492

 

$

28,406

 

$

36,492

 

$

28,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Allowance for Risk-Sharing Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

 

 

 

June 30, 

 

June 30, 

 

(in thousands)

    

2017

    

2016

    

2017

    

2016

 

Beginning balance

 

$

3,546

 

$

5,149

 

$

3,613

 

$

5,586

 

Provision (benefit) for risk-sharing obligations

 

 

122

 

 

275

 

 

(35)

 

 

121

 

Write-offs

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Other

 

 

(20)

 

 

386

 

 

70

 

 

103

 

Ending balance

 

$

3,648

 

$

5,810

 

$

3,648

 

$

5,810