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LOANS HELD FOR SALE, AT FAIR VALUE
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
LOANS HELD FOR SALE, AT FAIR VALUE LOANS HELD FOR SALE, AT FAIR VALUE
The following table represents the unpaid principal balance of LHFS by product type of loan as of June 30, 2022 and December 31, 2021:
June 30,
2022		December 31,
2021
Amount%Amount%
Conforming - fixed$3,018,321 64%$4,881,222 61%
Conforming - ARM26,694 1351,408 4
Government - fixed 1,003,598 211,156,890 15
Government - ARM6,951 —10,906 —
Other - residential mortgage loans648,560 141,576,858 20
Consumer loans1,819 —1,942 —
4,705,943 100%7,979,226 100%
Fair value adjustment(49,605)157,591 
  Total$4,656,338 $8,136,817 

A summary of the changes in the balance of loans held for sale is as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
Balance at beginning of period$6,558,668 $8,787,756 $8,136,817 $6,955,424 
Origination and purchase of loans15,769,229 34,413,319 37,142,855 75,814,894 
Sales(17,876,229)(34,294,254)(40,681,596)(74,213,668)
Repurchases194,650 111,385 333,666 663,700 
Principal payments(40,598)(43,206)(100,885)(66,506)
Fair value gain (loss)
50,618 145,653 (174,519)(33,191)
Balance at end of period$4,656,338 $9,120,653 $4,656,338 $9,120,653 
Gain on origination and sale of loans, net is comprised of the following components:

Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
(Discount) premium from loan sales
$(437,194)$407,314 $(673,291)$877,887 
Servicing rights180,455 427,458 450,215 957,002 
Unrealized losses from derivative assets and liabilities
(190,545)(510,788)(31,803)(182,467)
Realized gains from derivative assets and liabilities
553,834 250,912 902,875 350,548 
Discount points, rebates and lender paid costs71,767 (28,603)131,834 (143,458)
Fair value gain (loss)
50,618 145,653 (174,519)(33,191)
Provision for loan loss obligation for loans sold(82,373)533 (95,619)(267)
Total gain on origination and sale of loans, net$146,562 $692,479 $509,692 $1,826,054 

The Company had $23.7 million and $28.8 million of loans held for sale on non-accrual status as of June 30, 2022 and December 31, 2021, respectively.