Loan Sales (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Cash Flows between Company and Transferees in Transfers Accounted for Sales

The following table summarizes cash flows between the Company and transferees in transfers of loans that are accounted for as sales where the Company maintains continuing involvement with the loans:


	Quarter ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Cash flows:
Proceeds from sales	$	2,369,738	$	2,240,258	$	4,983,696	$	4,168,594
Loan servicing fees received	$	153,111	$	162,127	$	305,310	$	322,484

Summary of Collection Status Information for Loan Transfers Accounted for Sales

The following table summarizes for the dates presented collection status information for loan transfers that are accounted for as sales where the Company maintains continuing involvement:


	June 30, 2025		December 31, 2024
	(in thousands)
Unpaid principal balance of loans outstanding	$	218,298,658	$	222,761,227
Collection status (Unpaid principal balance)
Delinquency:
30-89 days delinquent	$	2,644,806	$	2,618,767
90 or more days delinquent:
Not in foreclosure	$	996,274	$	1,078,362
In foreclosure	$	129,773	$	105,810
Bankruptcy	$	318,897	$	281,821

Custodial funds managed by the Company (1)	$	3,028,831	$	2,385,602

(1)

Custodial funds represent borrower and investor custodial cash accounts relating to loans serviced under mortgage servicing agreements and are not included on the Company’s consolidated balance sheets. The Company earns placement fees on certain of the custodial funds it manages on behalf of the loans’ borrowers and investors, and these fees are included in Interest income in the Company’s consolidated statements of operations.