| Schedule of Disaggregation of Revenue |
Gain on loans, net consisted of the following: | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | (Amounts in thousands) | 2026 | | 2025 | | | | | | | | Gain on sale of loans, net | $ | 44,064 | | | $ | 21,278 | | | | | | | | | Broker revenue | 1,375 | | | 1,171 | | | | | | | | | Loan repurchase reserve (provision)/recovery | (638) | | | 2,127 | | | | | | | | | Total gain on loans, net | $ | 44,801 | | | $ | 24,576 | | | | | | | |
Other revenue consisted of the following: | | | | | | | | | | | | | Three Months Ended March 31, | | (Amounts in thousands) | 2026 | | 2025 | | International lending revenue | $ | 47 | | | $ | 1,538 | | | Insurance services | 578 | | | 673 | | | Real estate services | 170 | | | 947 | | | Other revenue | 347 | | | 492 | | | Total other revenue | $ | 1,142 | | | $ | 3,650 | |
Net interest income consisted of the following: | | | | | | | | | | | | | Three Months Ended March 31, | | (Amounts in thousands) | 2026 | | 2025 | | Interest income | | | | | Mortgage interest income | $ | 6,941 | | | $ | 6,437 | | | | | | | Interest income from investments | 343 | | | 1,158 | | | Total interest income | 7,284 | | | 7,595 | | | Interest expense | | | | | Warehouse interest expense | (5,730) | | | (2,788) | | | | | | Other interest expense (1) | — | | | (1,705) | | | Total interest expense | (5,730) | | | (4,493) | | | Total net interest income | $ | 1,554 | | | $ | 3,102 | |
__________________(1) Primarily consists of interest on Convertible Notes, see Note 10 for more details.
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