v3.26.1
Regulatory Capital and Liquidity Requirements
3 Months Ended
Mar. 31, 2026
Mortgage Banking [Abstract]  
Regulatory Capital and Liquidity Requirements

Note 26—Regulatory Capital and Liquidity Requirements

The Company, through PMC, is subject to financial eligibility requirements established by the Federal Housing Finance Agency for sellers/servicers eligible to sell or service mortgage loans with Fannie Mae and Freddie Mac.

The Agencies' capital and liquidity amounts and requirements are summarized below:

 

 

Net worth (1)

 

 

Tangible net worth /
total assets ratio (1)

 

 

Liquidity (1)

 

 

 

Actual

 

 

Required

 

 

Actual

 

 

Required

 

 

Actual

 

 

Required

 

 

 

(dollars in thousands)

 

March 31, 2026

 

$

736,807

 

 

$

565,233

 

 

 

11

%

 

 

6

%

 

$

456,161

 

 

$

207,798

 

December 31, 2025

 

$

682,481

 

 

$

569,435

 

 

 

9

%

 

 

6

%

 

$

514,626

 

 

$

211,818

 

(1)
Calculated in accordance with the Agencies’ requirements.

Noncompliance with the Agencies’ capital and liquidity requirements can result in the Agencies taking various remedial actions up to and including removing the Company’s ability to sell loans to and service loans on behalf of the Agencies.