Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 102

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 $28,924 $139,852 Total gains or losses for the period:Included in earnings—Mortgage banking and servicing rights income— (1,852)(1,852)Included in other comprehensive income782 — 782 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 263 263 Settlements(20,401)— (20,401)Closing balance$91,309 $27,335 $118,644 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(1,852)$(1,852)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 $0.2 million for the three months ended September 30, 2024 and a decrease in servicing rights value resulting from market-driven changes in interest rates of $1.6 million for the three months ended September 30, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale.

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The table below summarizes the quantitative information about Level 3 fair value measurements:September 30, 2025(Dollars in thousands)Fair ValueValuation TechniqueUnobservable InputRange (Weighted Average)1Available-for-sale securities: Non-Agency MBS$11,192 Discounted Cash FlowProjected Constant Prepayment Rate,Projected Constant Default Rate,Projected Loss Severity,Discount Rate over SOFR Swaps,Credit Enhancement2.5 to 30.0% (20.1%)1.5 to 9.9% (6.1%)35.0 to 68.9% (46.6%)2.5 to 4.3% (2.8%)0.0 to 65.6% (41.8%)Servicing Rights$26,243 Discounted Cash FlowProjected Constant Prepayment Rate,Life (in years),Discount Rate5.2 to 28.7% (10.3%)2.2 to 12.7 (8.9) 9.5 to 11.2% (9.8%)Accounts payable and other liabilities—Contingent Consideration$30,810 Nelson-Siegal