v3.26.1
Warehouse Receivables & Warehouse Lines of Credit (Tables)
 6 Months Ended
Jun. 30, 2026
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]  
Schedule of Warehouse Receivables A roll forward of our warehouse receivables is as follows (dollars in millions):
Beginning balance at December 31, 2025
$1,630
Origination of mortgage loans
6,506
Gains (premiums on loan sales)
16
Proceeds from sale of mortgage loans:
Sale of mortgage loans
(7,406)
Cash collections of premiums on loan sales
(16)
Proceeds from sale of mortgage loans
(7,422)
Net decrease in mortgage servicing rights included in warehouse receivables
(8)
Ending balance at June 30, 2026
$722
Schedule of Warehouse Lines of Credit in Place The following table is a summary of our warehouse lines of credit in place as of June 30, 2026 and December 31, 2025
(dollars in millions):
June 30, 2026
December 31, 2025
Lender
Current
Maturity
Pricing
Maximum
Facility
Size
Carrying
Value
Maximum
Facility
Size
Carrying
Value
JP Morgan Chase Bank, N.A. (JP
Morgan) (1)
2/9/2027
daily floating Secured Overnight
Financing Rate (SOFR) plus 1.35%
$1,325
$90
$1,325
$804
JP Morgan (Bridge Loans) (1)
2/9/2027
daily floating SOFR plus 2.00%
25
—
25
—
Fannie Mae Multifamily As Soon As
Pooled Plus Agreement and Multifamily
As Soon As Pooled Sale Agreement
(ASAP) Program (2)
Cancelable
anytime
1-month Chicago Mercantile Exchange
(CME) term SOFR plus 1.35%,
with a SOFR floor of 0.25%
650
133
1,200
221
TD Bank, N.A. (TD Bank) (3)
7/15/2026
daily floating SOFR plus 1.25%,
with a SOFR adjustment of 0.10%
600
13
600
131
Bank of America, N.A. (BofA) (4)
5/19/2027
daily floating SOFR plus 1.20%
350
24
350
335
BofA (4)
5/19/2027
daily floating SOFR plus 1.20%
250
—
250
—
Scotia Bank
12/4/2026
daily floating SOFR plus a spread not
to exceed 1.30%
1,000
451
1,000
118
$4,200
$711
$4,750
$1,609
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(1)This facility was renewed on February 10, 2026, and the $15 million sublimit for Small Business Administration loans was removed.
(2)On December 4, 2025, the Fannie Mae ASAP line capacity was temporarily increased from $650 million to $1.2 billion through January 30, 2026 and was
not renewed upon expiration.
(3)On July 15, 2026, this facility was renewed and will expire on September 13, 2026.
(4)This facility was renewed on May 20, 2026.