| Schedule of Interest Income and Interest Expense |
The following table presents the components of the Company’s interest income and interest expense for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | Interest income: | | | | | | | | | | | Available-for-sale securities | $ | 108,842 | | | $ | 99,211 | | | $ | 209,260 | | | $ | 199,816 | | | | | | | | | | | | | | | | Mortgage loans held-for-sale | 145 | | | 3 | | | 198 | | | 4 | | | | | | | | | | | | | | | | Other | 8,095 | | | 16,739 | | | 19,006 | | | 33,916 | | | | | Total interest income | 117,082 | | | 115,953 | | | 228,464 | | | 233,736 | | | | | Interest expense: | | | | | | | | | | | Repurchase agreements | 110,288 | | | 113,714 | | | 217,366 | | | 232,430 | | | | | | | | | | | | | | | | Revolving credit facilities | 20,343 | | | 29,906 | | | 40,469 | | | 60,153 | | | | | Warehouse lines of credit | 129 | | | — | | | 184 | | | — | | | | | Term notes payable | — | | | 6,008 | | | — | | | 12,426 | | | | | Senior notes | 1,496 | | | — | | | 1,496 | | | — | | | | | Convertible senior notes | 4,445 | | | 4,579 | | | 8,900 | | | 9,198 | | | | | | | | | | | | | | | | Total interest expense | 136,701 | | | 154,207 | | | 268,415 | | | 314,207 | | | | | Net interest expense | $ | (19,619) | | | $ | (38,254) | | | $ | (39,951) | | | $ | (80,471) | | | |
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