v3.25.2
Loans Acquired for Sale at Fair Value
 6 Months Ended
Jun. 30, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Loans Acquired for Sale at Fair Value

Note 9—Loans Acquired for Sale at Fair Value

Following is a summary of the distribution of the Company’s loans acquired for sale at fair value:

Loan type

 

June 30, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Held for sale to PLS

 

 

 

 

 

 

GSE eligible (1)

 

$

1,079,994

 

 

$

175,145

 

Government insured or guaranteed

 

 

504,218

 

 

 

426,963

 

 

 

 

1,584,212

 

 

 

602,108

 

Held for sale to nonaffiliates—GSE eligible

 

 

819,578

 

 

 

1,311,754

 

Jumbo

 

 

205,296

 

 

 

194,485

 

Home equity lines of credit

 

 

1,048

 

 

 

1,368

 

Repurchased pursuant to representations and warranties

 

 

6,117

 

 

 

6,603

 

 

$

2,616,251

 

 

$

2,116,318

 

Loans pledged to secure:

 

 

 

 

 

 

Assets sold under agreements to repurchase

 

$

2,575,290

 

 

$

2,075,473

 

Mortgage loan participation purchase and sale agreements

 

 

8,853

 

 

 

12,142

 

 

$

2,584,143

 

 

$

2,087,615

 

 

(1)
GSE eligibility refers to the eligibility of loans for sale to Fannie Mae or Freddie Mac. The Company sells or finances a portion of its GSE eligible loan production to or with other investors, including PLS.