Concentration of Risk	6 Months Ended
Jun. 30, 2022
Concentration of Risk
Concentration of Risk	Note 3—Concentration of Risk A portion of the Company’s activities relate to PMT. Revenues generated from PMT (generally comprised of gains on loans held for sale, loan origination and fulfillment fees, loan servicing fees, change in fair value of excess servicing spread financing (“ESS”), net interest, management fees, change in fair value of investment in and dividends received from PMT, and expense allocations received from PMT) totaled 9% and 11% of total net revenue for the quarters ended June 30, 2022 and 2021, respectively, and 8% and 10% for the six months ended June 30, 2022 and 2021, respectively. The Company also purchased 66% and 54% of its newly originated loan production from PMT during the quarters ended June 30, 2022 and 2021, respectively, and 59% and 54% during the six months ended June 30, 2022 and 2021, respectively.

Concentration of Risk

6 Months Ended

Jun. 30, 2022

Note 3—Concentration of Risk

A portion of the Company’s activities relate to PMT. Revenues generated from PMT (generally comprised of gains on loans held for sale, loan origination and fulfillment fees, loan servicing fees, change in fair value of excess servicing spread financing (“ESS”), net interest, management fees, change in fair value of investment in and dividends received from PMT, and expense allocations received from PMT) totaled 9% and 11% of total net revenue for the quarters ended June 30, 2022 and 2021, respectively, and 8% and 10% for the six months ended June 30, 2022 and 2021, respectively. The Company also purchased 66% and 54% of its newly originated loan production from PMT during the quarters ended June 30, 2022 and 2021, respectively, and 59% and 54% during the six months ended June 30, 2022 and 2021, respectively.