Note 19 – Other assets and other liabilities

The following table details the Company’s other assets and other liabilities as of the unaudited interim consolidated balance sheet dates.


(In Thousands)	September 30, 2019		December 31, 2018
Other assets:
Deferred tax asset	$	22,744	$	18,084
Tax receivable		13,219		—
Deferred loan exit fees		11,405		8,668
Accrued interest		8,645		7,253
Due from servicers		6,514		7,284
Right-of-use asset		2,852		—
Intangible assets		2,681		2,915
Deferred financing costs		1,660		2,564
Fixed assets, net		1,425		1,096
Other assets		5,703		7,583
Total other assets	$	76,848	$	55,447
Accounts payable and other accrued liabilities:
Deferred tax liability	$	20,094	$	19,972
Accrued salaries, wages and commissions		17,755		19,925
Accrued interest payable		11,261		14,244
Servicing principal and interest payable		10,769		10,582
Repair and denial reserve		5,745		5,524
Payable to related parties		2,495		2,580
Accrued professional fees		977		1,618
Other accounts payable and accrued liabilities		12,139		274
Total accounts payable and other accrued liabilities	$	81,235	$	74,719

Loan indemnification reserve

A liability has been established for potential losses related to representations and warranties made by GMFS for loans sold with a corresponding provision recorded for loan indemnification losses. The liability is included in accounts payable and other accrued liabilities in the Company's unaudited interim consolidated balance sheets and the provision for loan indemnification losses is included in variable expenses on residential mortgage banking activities, in the Company's unaudited interim consolidated statements of income. In assessing the adequacy of the liability, management evaluates various factors including historical repurchases and indemnifications, historical loss experience, known delinquent and other problem loans, outstanding repurchase demand, historical rescission rates and economic trends and conditions in the industry. Actual losses incurred are reflected as a reduction of the reserve liability. At September 30, 2019 and December 31, 2018, the loan indemnification reserve was $2.2 million and $1.7 million, respectively.

Because of the uncertainty in the various estimates underlying the loan indemnification reserve, there is a range of losses in excess of the recorded loan indemnification reserve that is reasonably possible. The estimate of the range of possible losses for representations and warranties does not represent a probable loss, and is based on current available information, significant judgment, and a number of assumptions that are subject to change. At September 30, 2019 and December 31, 2018, the reasonably possible loss above the recorded loan indemnification reserve was not considered material.