ALLOWANCE FOR RISK-SHARING OBLIGATIONS AND GUARANTY OBLIGATION (Tables)

9 Months Ended

Sep. 30, 2022

ALLOWANCE FOR RISK-SHARING OBLIGATIONS AND GUARANTY OBLIGATION

Summary of Allowance for Risk-Sharing Obligations

	For the three months ended				For the nine months ended
	September 30,				September 30,
Roll Forward of Allowance for Risk-Sharing Obligations (in thousands)	2022		2021		2022		2021
Beginning balance	$	48,475	$	60,329	$	62,636	$	75,313
Provision (benefit) for risk-sharing obligations		1,183		1,278		(12,978)		(13,706)
Write-offs		—		—		—		—
Ending balance	$	49,658	$	61,607	$	49,658	$	61,607

Schedule of Activity Related to Guaranty Obligation

	For the three months ended				For the nine months ended
	September 30,				September 30,
Roll Forward of Guaranty Obligation (in thousands)	2022		2021		2022		2021
Beginning balance	$	45,649	$	50,369	$	47,378	$	52,306
Additions, following the sale of loan		1,401		1,449		4,711		4,023
Amortization and write-offs		(2,588)		(2,758)		(7,627)		(7,269)
Ending balance	$	44,462	$	49,060	$	44,462	$	49,060