| Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following are the major categories of financial assets and liabilities measured at fair value on a recurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Description | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | Mortgage loans at fair value | $ | — | | | $ | 9,619,076 | | | $ | — | | | $ | 9,619,076 | | | IRLCs | | — | | | — | | | 18,847 | | | 18,847 | | | FLSCs | | — | | | 22,677 | | | — | | | 22,677 | | | Other interest rate derivatives | | 21,819 | | | 20,258 | | | — | | | 42,077 | | | Investment securities at fair value, pledged | | — | | | 96,044 | | | — | | | 96,044 | | | Mortgage servicing rights | | — | | | — | | | 5,311,465 | | | 5,311,465 | | | Total assets | | $ | 21,819 | | | $ | 9,758,055 | | | $ | 5,330,312 | | | $ | 15,110,186 | | | Liabilities: | | | | | | | | | | IRLCs | | $ | — | | | $ | — | | | $ | 15,531 | | | $ | 15,531 | | | FLSCs | | — | | | 18,035 | | | — | | | 18,035 | | | | | | | | | | | | Total liabilities | | $ | — | | | $ | 18,035 | | | $ | 15,531 | | | $ | 33,566 | | | | | | | | | | | | | December 31, 2025 | | Description | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | Mortgage loans at fair value | $ | — | | | $ | 9,932,729 | | | $ | — | | | $ | 9,932,729 | | | IRLCs | | — | | | — | | | 27,780 | | | 27,780 | | | FLSCs | | — | | | 9,787 | | | — | | | 9,787 | | | Investment securities at fair value, pledged | | — | | | 100,512 | | | — | | | 100,512 | | | Mortgage servicing rights | | — | | | — | | | 4,073,781 | | | 4,073,781 | | | Total assets | | $ | — | | | $ | 10,043,028 | | | $ | 4,101,561 | | | $ | 14,144,589 | | | Liabilities: | | | | | | | | | | IRLCs | | $ | — | | | $ | — | | | $ | 6,475 | | | $ | 6,475 | | | FLSCs | | — | | | 20,099 | | | — | | | 20,099 | | | Total liabilities | | $ | — | | | $ | 20,099 | | | $ | 6,475 | | | $ | 26,574 | |
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| Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis |
The following table presents the carrying amounts and estimated fair value of the Company's financial liabilities that are not measured at fair value on a recurring or nonrecurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | Carrying Amount | | Estimated Fair Value | | Carrying Amount | | Estimated Fair Value | | 2027 Senior Notes, due 6/15/27 | | $ | 499,170 | | | $ | 495,595 | | | $ | 498,736 | | | $ | 502,120 | | | 2029 Senior Notes, due 4/15/29 | | 697,558 | | | 651,112 | | | 697,120 | | | 695,205 | | 2030 Senior Notes, due 2/1/30 | | 795,019 | | | 745,112 | | | 794,324 | | | 810,040 | | 2031 Senior Notes, due 3/15/31 | | 992,581 | | | 891,610 | | | 991,795 | | | 998,580 | | Total senior notes | | $ | 2,984,328 | | | $ | 2,783,429 | | | $ | 2,981,975 | | | $ | 3,005,945 | |
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