Liability for Losses Under Representations and Warranties (Tables)

3 Months Ended

Mar. 31, 2022

Liability for Losses Under Representations and Warranties

Summary of repurchase activity

	Quarter ended March 31,
	2022		2021
	(in thousands)
Balance at beginning of quarter	$	43,521	$	32,688
Provision for losses:
Resulting from sales of loans		4,054		10,053
Reduction in liability due to change in estimate		(3,169)		(3,685)
Losses incurred, net		(1,612)		(628)
Balance at end of quarter	$	42,794	$	38,428
Unpaid principal balance of loans subject to representations and warranties at end of quarter	$	271,146,169	$	220,865,034