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GUARANTY OBLIGATION AND ALLOWANCE FOR RISK-SHARING OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2020
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, 

 

Roll Forward of Guaranty Obligation (in thousands)

    

2020

    

2019

    

2020

    

2019

 

Beginning balance

$

55,758

$

49,376

$

54,695

$

46,870

Additions, following the sale of loan

 

1,608

 

4,731

 

3,470

 

9,594

Amortization

 

(2,494)

 

(2,347)

 

(4,761)

 

(4,696)

Other

(346)

1,468

(354)

Ending balance

$

54,872

$

51,414

$

54,872

$

51,414

Summary of Allowance for Risk-Sharing Obligations

For the three months ended

For the six months ended

 

June 30, 

June 30, 

 

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

    

2020

    

2019

    

2020

    

2019

 

Beginning balance

$

64,110

$

6,682

$

11,471

$

4,622

Adjustment related to adoption of ASU 2016-13

31,570

Provision (benefit) for risk-sharing obligations

 

5,081

 

936

 

27,618

 

2,988

Write-offs

 

 

 

 

Other

346

(1,468)

354

Ending balance

$

69,191

$

7,964

$

69,191

$

7,964