Quarter ended June 30,

Six months ended June 30,

2021

2020

2021

2020

(in thousands)

Balance at beginning of period

$

38,428

$

23,202

$

32,688

$

21,446

Provision for losses on loans sold:

Resulting from sales of loans

10,304

4,189

20,357

7,901

Reduction in liability due to change in estimate

(3,640)

(1,270)

(7,325)

(2,946)

Losses incurred, net

(757)

(212)

(1,385)

(492)

Balance at end of period

$

44,335

$

25,909

$

44,335

$

25,909

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

$

234,327,924

$

192,064,630