| Schedule of Net Gains on Investments and Financings |
are summarized below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Quarter ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
|
(in thousands) |
|
From nonaffiliates: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash losses: |
|
|
|
|
|
|
|
|
|
|
|
|
Sales of loans |
|
$ |
(11,618 |
) |
|
$ |
(40,228 |
) |
|
$ |
(13,533 |
) |
|
$ |
(71,405 |
) |
Hedging activities |
|
|
(21,055 |
) |
|
|
26,027 |
|
|
|
(79,117 |
) |
|
|
(43,929 |
) |
|
|
|
(32,673 |
) |
|
|
(14,201 |
) |
|
|
(92,650 |
) |
|
|
(115,334 |
) |
Non-cash gains: |
|
|
|
|
|
|
|
|
|
|
|
|
Receipt of MSRs in mortgage loan sale
transactions |
|
|
44,030 |
|
|
|
40,619 |
|
|
|
91,039 |
|
|
|
71,868 |
|
Provision for losses relating to representations
and warranties provided in loan sales: |
|
|
|
|
|
|
|
|
|
|
|
|
Pursuant to loans sales |
|
|
(227 |
) |
|
|
(204 |
) |
|
|
(531 |
) |
|
|
(458 |
) |
Reduction of liability due to change in estimate |
|
|
912 |
|
|
|
6,540 |
|
|
|
2,080 |
|
|
|
13,418 |
|
|
|
|
685 |
|
|
|
6,336 |
|
|
|
1,549 |
|
|
|
12,960 |
|
Changes in fair value of loans and derivatives |
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate lock commitments |
|
|
2,904 |
|
|
|
(3,292 |
) |
|
|
7,078 |
|
|
|
(5,980 |
) |
Loans |
|
|
(8,515 |
) |
|
|
(488 |
) |
|
|
(21,959 |
) |
|
|
5,807 |
|
Hedging derivatives |
|
|
8,717 |
|
|
|
(18,864 |
) |
|
|
40,420 |
|
|
|
53,702 |
|
|
|
|
3,106 |
|
|
|
(22,644 |
) |
|
|
25,539 |
|
|
|
53,529 |
|
|
|
|
47,821 |
|
|
|
24,311 |
|
|
|
118,127 |
|
|
|
138,357 |
|
Total from nonaffiliates |
|
|
15,148 |
|
|
|
10,110 |
|
|
|
25,477 |
|
|
|
23,023 |
|
From PFSI ‒ cash gains |
|
|
2,658 |
|
|
|
2,050 |
|
|
|
4,673 |
|
|
|
3,655 |
|
|
|
$ |
17,806 |
|
|
$ |
12,160 |
|
|
$ |
30,150 |
|
|
$ |
26,678 |
|
|