v3.26.1
Warehouse and Other Secured Lines of Credit (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Lines of Credit
The Company had the following warehouse lines of credit with financial institutions as of March 31, 2026 and December 31, 2025 (in thousands):
Warehouse Lines of Credit 1, 2
Date of Initial Agreement With Warehouse LenderCurrent Agreement Expiration DateTotal Advanced Against Line as of March 31,
2026		Total Advanced Against Line as of December 31,
2025
Master Repurchase Agreement ("MRA") Funding Limits as of March 31, 2026:
$500 Million
2/29/20125/15/2026$211,718 $396,734 
$500 Million
10/30/20206/26/2026123,377 123,379 
$2.0 Billion
7/24/20208/27/20261,233,511 1,319,244 
$2.0 Billion
7/10/20129/29/2026829,323 898,190 
$750 Million
4/23/202110/08/2026185,951 167,375 
$325 Million
2/26/201612/17/2026303,979 288,777 
$1.5 Billion
2/7/20252/5/2027970,121 827,941 
$1.0 Billion
2/9/20262/9/2027201,155 — 
$3.0 Billion
12/31/20142/17/20271,664,568 1,353,618 
$1.0 Billion
3/7/20192/19/2027608,503 709,683 
$3.5 Billion
5/9/201911/26/20273,402,576 2,807,107 
Early Funding:
$600 Million (ASAP + - see below)No expiration46,814 — 
$750 Million (EF - see below)No expiration118,707 20,448 
9,900,303 8,912,496 
All interest rates are variable based upon a spread to SOFR.
1 An aggregate of $900.0 million of these line amounts is committed as of March 31, 2026.
2 Interest rates under these funding facilities are based on SOFR plus a spread, which ranged from 1.00% to 1.75% for substantially all of our loan production volume as of March 31, 2026 and 1.15% to 1.75% as of December 31, 2025.