The following table presents the components of the Company’s interest income and interest expense for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Interest income:
Available-for-sale securities	$	76,516	$	108,842	$	157,203	$	209,260

Mortgage loans held-for-sale	153		145		322		198

Other	6,867		8,095		14,661		19,006
Total interest income	83,536		117,082		172,186		228,464
Interest expense:
Repurchase agreements	69,556		110,288		144,083		217,366

Revolving credit facilities	16,339		20,343		32,689		40,469
Warehouse lines of credit	89		129		198		184

Senior notes	2,845		1,496		5,686		1,496
Convertible senior notes	—		4,445		710		8,900
Other	728		—		1,352		—
Total interest expense	89,557		136,701		184,718		268,415
Net interest expense	$	(6,021)	$	(19,619)	$	(12,532)	$	(39,951)