Quarter ended June 30,

Six months ended June 30,

2022

2021

2022

2021

(in thousands)

Balance at beginning of period

$

42,794

$

38,428

$

43,521

$

32,688

Provision for losses:

Resulting from sales of loans

2,182

10,304

6,236

20,357

Reduction in liability due to change in estimate

(2,227)

(3,640)

(5,396)

(7,325)

Losses incurred, net

(3,413)

(757)

(5,025)

(1,385)

Balance at end of period

$

39,336

$

44,335

$

39,336

$

44,335

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

$

278,793,884

$

234,327,924