​

​

Quarter ended March 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

(in thousands)

Balance at beginning of quarter

​

$

34,894

​

$

29,129

Provision for losses:

​

​

​

​

​

​

Resulting from sales of loans

​

​

4,468

​

​

3,547

Resulting from change in estimate

​

​

(2,990)

​

​

(1,415)

Losses incurred

​

​

(567)

​

​

(487)

Balance at end of quarter

​

$

35,805

​

$

30,774

Unpaid principal balance of loans subject to
representations and warranties at end of quarter

​

$

504,749,991

​

$

430,898,425