Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 106

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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Included in earnings—Mortgage banking and servicing rights income— 487 487 Included in other comprehensive income(394)— (394)Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 223 223 Settlements(43,503)— (43,503)Closing balance$47,412 $28,045 $75,457 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $487 $487 For the Six Months EndedDecember 31, 2024(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening Balance$110,928 $28,924 $139,852 Total gains or losses for the period:Included in earnings—Mortgage banking and servicing rights income— (1,364)(1,364)Included in other comprehensive income388 — 388 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 485 485 Settlements(63,904)— (63,904)Closing balance$47,412 $28,045 $75,457 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(1,364)$(1,364)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 $0.7 million and $0.9 million for the three and six months ended December 31, 2024, respectively, and an increase in servicing rights value resulting from market-driven changes in interest rates of $1.1 million for the three months ended December 31, 2024 and a decrease of $0.5 million for the six months ended December 31, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months EndedDecember 31, 2023(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening balance$206,076 $29,338 $235,414 Total gains or losses for the period:Included in earnings