v3.26.1
Offsetting Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Offsetting [Abstract]  
Schedule of Offsetting Assets
The following table presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with the corresponding financial instruments and corresponding collateral received or pledged at June 30, 2026 and December 31, 2025.
Table 14.1 – Offsetting of Financial Assets, Liabilities, and Collateral
Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in Consolidated Balance SheetNet Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet
Gross Amounts Not Offset in Consolidated
Balance Sheet (1)
Net Amount
June 30, 2026 (In Thousands)
Financial InstrumentsCash Collateral (Received) Pledged
Assets (2)
Swaptions$29,616 $— $29,616 $— $(29,616)$— 
TBAs5,636 — 5,636 (2,734)(2,902)— 
Interest rate futures2,463 — 2,463 (1,058)— 1,405 
Total Assets$37,715 $— $37,715 $(3,792)$(32,518)$1,405 
Liabilities (2)
TBAs$(3,168)$— $(3,168)$2,734 $— $(434)
Interest rate futures(1,121)— (1,121)1,058 63 — 
Loan warehouse debt(1,087,587)— (1,087,587)1,087,587 — — 
Total Liabilities$(1,091,876)$— $(1,091,876)$1,091,379 $63 $(434)
Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in Consolidated Balance SheetNet Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet
Gross Amounts Not Offset in Consolidated
Balance Sheet (1)
Net Amount
December 31, 2025 (In Thousands)
Financial InstrumentsCash Collateral (Received) Pledged
Assets (2)
Interest rate agreements$31,119 $— $31,119 $— $(21,546)$9,573 
TBAs38,686 — 38,686 (19,346)(19,340)— 
Futures17,772 — 17,772 (4,660)— 13,112 
Total Assets$87,577 $— $87,577 $(24,006)$(40,886)$22,685 
Liabilities (2)
TBAs$(22,252)$— $(22,252)$19,346 $— $(2,906)
Futures(4,721)— (4,721)4,660 61 — 
Loan warehouse debt(1,506,143)— (1,506,143)1,506,143 — — 
Total Liabilities$(1,533,116)$— $(1,533,116)$1,530,149 $61 $(2,906)
(1)Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, we have pledged excess cash collateral or financial assets to a counterparty (which, in certain circumstances, may be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, these excess amounts are excluded from the table; they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.
(2)Interest rate agreements, TBAs and futures are components of derivative instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain Residential consumer and Residential investor loans, is a component of Debt obligations on our consolidated balance sheets.
Schedule of Offsetting Liabilities
The following table presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with the corresponding financial instruments and corresponding collateral received or pledged at June 30, 2026 and December 31, 2025.
Table 14.1 – Offsetting of Financial Assets, Liabilities, and Collateral
Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in Consolidated Balance SheetNet Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet
Gross Amounts Not Offset in Consolidated
Balance Sheet (1)
Net Amount
June 30, 2026 (In Thousands)
Financial InstrumentsCash Collateral (Received) Pledged
Assets (2)
Swaptions$29,616 $— $29,616 $— $(29,616)$— 
TBAs5,636 — 5,636 (2,734)(2,902)— 
Interest rate futures2,463 — 2,463 (1,058)— 1,405 
Total Assets$37,715 $— $37,715 $(3,792)$(32,518)$1,405 
Liabilities (2)
TBAs$(3,168)$— $(3,168)$2,734 $— $(434)
Interest rate futures(1,121)— (1,121)1,058 63 — 
Loan warehouse debt(1,087,587)— (1,087,587)1,087,587 — — 
Total Liabilities$(1,091,876)$— $(1,091,876)$1,091,379 $63 $(434)
Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in Consolidated Balance SheetNet Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet
Gross Amounts Not Offset in Consolidated
Balance Sheet (1)
Net Amount
December 31, 2025 (In Thousands)
Financial InstrumentsCash Collateral (Received) Pledged
Assets (2)
Interest rate agreements$31,119 $— $31,119 $— $(21,546)$9,573 
TBAs38,686 — 38,686 (19,346)(19,340)— 
Futures17,772 — 17,772 (4,660)— 13,112 
Total Assets$87,577 $— $87,577 $(24,006)$(40,886)$22,685 
Liabilities (2)
TBAs$(22,252)$— $(22,252)$19,346 $— $(2,906)
Futures(4,721)— (4,721)4,660 61 — 
Loan warehouse debt(1,506,143)— (1,506,143)1,506,143 — — 
Total Liabilities$(1,533,116)$— $(1,533,116)$1,530,149 $61 $(2,906)
(1)Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, we have pledged excess cash collateral or financial assets to a counterparty (which, in certain circumstances, may be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, these excess amounts are excluded from the table; they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.
(2)Interest rate agreements, TBAs and futures are components of derivative instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain Residential consumer and Residential investor loans, is a component of Debt obligations on our consolidated balance sheets.