Annual report pursuant to Section 13 and 15(d)

Additional Non-Cash Disclosures

v3.21.1
Additional Non-Cash Disclosures
12 Months Ended
Dec. 31, 2020
Noncash Investing And Financing Items [Abstract]  
Additional Non-Cash Disclosures

NOTE 20 - ADDITIONAL NON-CASH DISCLOSURES

For the years ended December 31, 2020 and 2019, the Company had the following non-cash transactions that are not included in the Consolidated Statements of Cash Flows.

 

 

 

2020

 

 

2019

 

GNMA inventory obtained due to delinquent status of GNMA serviced loans

 

$

1,073,852

 

 

$

290,945

 

GNMA inventory removed from delinquent status

 

 

(137,843

)

 

 

(116,138

)

GNMA real estate owned resolved through finalized foreclosure sale

   (conveyed to HUD)

 

 

(7,984

)

 

 

(11,440

)

Reduction in GNMA inventory due to loan removal from pool

 

 

(63,489

)

 

 

(83,895

)

Net increase of GNMA payable due to receipt or resolution of

   GNMA inventory and GNMA real estate owned

 

$

864,536

 

 

$

79,472

 

GNMA real estate owned obtained through foreclosure sale of GNMA

   serviced loans

 

$

1,022

 

 

$

7,617