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Liability for Losses Under Representations and Warranties (Tables)
12 Months Ended
Dec. 31, 2019
Liability for Losses Under Representations and Warranties  
Summary of repurchase activity

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

2019

    

2018

    

2017

 

 

         (in thousands)

Balance at beginning of year

 

$

21,155

 

$

20,053

 

$

19,067

Provision for losses on loans sold:

 

 

 

 

 

 

 

 

 

Resulting from sales of loans

 

 

8,377

 

 

5,824

 

 

5,890

Reduction in liability due to change in estimate

 

 

(7,877)

 

 

(4,672)

 

 

(4,301)

Losses incurred , net

 

 

(209)

 

 

(50)

 

 

(603)

Balance at end of year

 

$

21,446

 

$

21,155

 

$

20,053

Unpaid principal balance of loans subject to representations and warranties at end of year

 

$

177,611,568

 

$

137,849,704