| Loans Held for Sale at Fair Value |
Note 9—Loans Held for Sale at Fair Value Following is a summary of loans held for sale at fair value: | | | | | | | | | March 31, | | December 31, | Mortgage type | | 2026 | | 2025 | | | | (in thousands) | Government-insured or guaranteed | | $ | 5,021,627 | | $ | 5,140,921 | Conventional conforming | | | 3,338,746 | | | 2,972,372 | Jumbo | | | 1,094,445 | | | 699,309 | Non-qualified | | | 70,720 | | | 3,097 | Closed-end second lien | | | 169,643 | | | 156,003 | Purchased from Ginnie Mae securities serviced by the Company | | | 231,064 | | | 127,920 | Repurchased pursuant to representations and warranties | | | 28,250 | | | 23,788 | | | $ | 9,954,495 | | $ | 9,123,410 | Fair value of loans pledged to secure: | | | | | | | Assets sold under agreements to repurchase | | $ | 9,067,257 | | $ | 8,245,256 | Mortgage loan participation purchase and sale agreements | | | 732,523 | | | 738,247 | | | $ | 9,799,780 | | $ | 8,983,503 |
|