Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 33

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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214 30,810 31,024 Settlements(4,493)— — (4,493)Closing balance$11,192 $26,243 $30,810 $68,245 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(1,189)$— $(1,189)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 for the three months ended September 30, 2025, and a decrease in servicing rights value resulting from market-driven changes in interest rates of $0.8 million for the three months ended September 30, 2025. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months EndedSeptember 30, 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— (1,852)(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