v3.26.1
Debt Warehouse Facilities (Tables)
6 Months Ended
Jun. 30, 2026
Warehouse Facilities [Abstract]  
Schedule of Warehouse Facilities
Warehouse Facilities
We maintain our Warehouse facilities with third-party lenders for the purpose of funding mortgage loans that will be resold, included in Warehouse receivables. The following table shows our gross cash activity related to Warehouse receivables as well as the corresponding, and largely offsetting, net change of our Warehouse facilities. This activity, in aggregate, is reflected as net cash flows from operating activities in our Consolidated Statements of Cash Flows.
Six Months Ended June 30,
(in millions)20262025
Origination of mortgage loans$(4,246.7)(4,324.9)
Proceeds from the sales of mortgage loans4,304.7 3,938.4 
Net (decrease) increase in Warehouse facilities(58.8)382.5 
The following table provides details regarding our Warehouse facilities lines of credit.
June 30, 2026December 31, 2025
($ in millions)Outstanding BalanceMaximum CapacityOutstanding BalanceMaximum Capacity
Warehouse facilities:
SOFR plus 1.40%, expires September 14, 2026
$122.6 700.0 114.2 700.0 
SOFR plus 1.30%, expires September 11, 2026
196.4 600.0 185.6 600.0 
SOFR plus 1.40%, expires October 22, 2026
355.7 1,100.0 338.0 1,100.0 
Fannie Mae ASAP(1) program, SOFR plus 1.25%
25.8 n/a122.0 n/a
Gross warehouse facilities700.5 2,400.0 759.8 2,400.0 
Debt issuance costs(0.2)n/a(0.7)n/a
Total warehouse facilities$700.3 2,400.0 759.1 2,400.0 
(1) As Soon As Pooled ("ASAP") funding program