Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 107

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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Included in earnings—Mortgage banking and servicing rights income— (621)(621)Included in other comprehensive income211 — 211 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 161 161 Settlements(18,322)— (18,322)Closing balance$29,301 $27,585 $56,886 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(621)$(621)For the Nine Months EndedMarch 31, 2025(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— (1,985)(1,985)Included in other comprehensive income599 — 599 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 646 646 Settlements(82,226)— (82,226)Closing balance$29,301 $27,585 $56,886 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(1,985)$(1,985)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 and $1.1 million for the three and nine months ended March 31, 2025, respectively, and a decrease in servicing rights value resulting from market-driven changes in interest rates of $0.4 million for the three months ended March 31, 2025 and a decrease of $0.9 million for the nine months ended March 31, 2025. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months EndedMarch 31, 2024(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening balance$207,708 $28,043 $235,751 Total gains or losses for the period:Included in earnings