Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 108

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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—Mortgage banking and servicing rights income— (152)(152)Included in other comprehensive income1,517 — 1,517 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 239 239 Settlements(32,546)— (32,546)Closing balance$176,679 $28,130 $204,809 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(152)$(152)

11

For the Nine Months EndedMarch 31, 2024(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening Balance$205,005 $25,443 $230,448 Total gains or losses for the period:Included in earnings—Mortgage banking and servicing rights income— 213 213 Included in other comprehensive income4,708 — 4,708 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 2,474 2,474 Settlements(33,034)— (33,034)Closing balance$176,679 $28,130 $204,809 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $213 $213 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.4 million and $0.9 million for the three and nine months ended March 31, 2024, and an increase in servicing rights value resulting from market-driven changes in interest rates of $0.2 million for the three months ended March 31, 2024 and an increase of $1.1 million for the nine months ended March 31, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. The table below summarizes the quantitative information about Level 3 fair value measurements:March 31, 2025(Dollars in thousands)Fair ValueValuation TechniqueUnobservable InputRange (Weighted Average)1Available-for-sale securities: Non-Agency MBS$29,301 Discounted Cash