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GUARANTY OBLIGATION AND ALLOWANCE FOR RISK-SHARING OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2018
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)

    

2018

    

2017

    

2018

    

2017

 

Beginning balance

 

$

41,424

 

$

35,311

 

$

41,187

 

$

32,292

 

Additions, following the sale of loan

 

 

3,287

 

 

3,046

 

 

5,070

 

 

7,736

 

Amortization

 

 

(1,950)

 

 

(1,885)

 

 

(3,757)

 

 

(3,466)

 

Other

 

 

(291)

 

 

20

 

 

(30)

 

 

(70)

 

Ending balance

 

$

42,470

 

$

36,492

 

$

42,470

 

$

36,492

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Allowance for Risk-Sharing Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

 

 

 

June 30, 

 

June 30, 

 

(in thousands)

    

2018

    

2017

    

2018

    

2017

 

Beginning balance

 

$

3,058

 

$

3,546

 

$

3,783

 

$

3,613

 

Provision (benefit) for risk-sharing obligations

 

 

721

 

 

122

 

 

257

 

 

(35)

 

Write-offs

 

 

 —

 

 

 

 

 —

 

 

 

Other

 

 

291

 

 

(20)

 

 

30

 

 

70

 

Ending balance

 

$

4,070

 

$

3,648

 

$

4,070

 

$

3,648