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Mortgage Loans Held for Sale (Tables)
 9 Months Ended
Sep. 30, 2020
Mortgage Loans Held for Sale and Investment [Abstract]  
Schedule of mortgage loans held-for-sale
Mortgage loans held for sale are recorded at fair value as set forth below:
Mortgage Loans Held for SaleSeptember 30, 2020December 31, 2019
Mortgage loans held for sale – UPB$3,642 $3,949 
Mark-to-market adjustment(1)
175 128 
Total mortgage loans held for sale$3,817 $4,077 

(1)The mark-to-market adjustment includes net change in unrealized gain/loss, premium on correspondent loans and fees on direct-to-consumer loans. The mark-to-market adjustment is recorded in net gain on mortgage loans held for sale in the consolidated statements of operations.

The following table sets forth the activities of mortgage loans held for sale:
Nine Months Ended September 30,
Mortgage Loans Held for Sale20202019
Balance - beginning of period$4,077 $1,631 
Loans sold(42,185)(27,413)
Mortgage loans originated and purchased, net of fees38,709 28,209 
Repurchase of loans out of Ginnie Mae securitizations3,173 1,823 
Net change in unrealized gain (loss) of loans held for sale36 2 
Net transfers of mortgage loans held for sale(1)
7 15 
Balance - end of period$3,817 $4,267 

(1)Amount reflects transfers to other assets for loans transitioning into REO status and transfers to advances and other receivables, net, for claims made on certain government insurance mortgage loans. Transfers out are net of transfers in upon receipt of proceeds from an REO sale or claim filing.
The total UPB and fair value of mortgage loans held for sale on non-accrual status was as follows:
September 30, 2020December 31, 2019
Mortgage Loans Held for SaleUPBFair ValueUPBFair Value
Non-accrual(1)
$49 $39 $29 $22 

(1)Non-accrual UPB includes $37 and $25 of UPB related to Ginnie Mae repurchased loans as of September 30, 2020 and December 31, 2019, respectively.