Quarter ended September 30,

Nine months ended September 30,

2022

2021

2022

2021

(in thousands)

Balance at beginning of period

$

39,336

$

44,335

$

43,521

$

32,688

Provision for losses:

Resulting from sales of loans

1,651

6,561

7,887

26,918

Reduction in liability due to change in estimate

(1,769)

(4,355)

(7,165)

(11,680)

Losses incurred, net

(2,031)

(735)

(7,056)

(2,120)

Balance at end of period

$

37,187

$

45,806

$

37,187

$

45,806

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

$

285,532,190

$

245,528,045