v3.26.1
Variable Interest Entities
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entities Variable Interest Entities
Asset-Backed Financing Arrangements

The assets and liabilities of the Company’s transactions with consolidated VIEs included in the Company’s Condensed Consolidated Balance Sheets were as follows:
June 30, 2026December 31, 2025
Assets
Mortgage loans held for sale, at fair value
$7,298 $6,792 
Mortgage servicing rights, at fair value
4,577 2,964 
Advance receivables, net
1,221 990 
Other assets (1)
649 579 
Total assets$13,745 $11,325 
Liabilities
Secured financing$8,510 $7,742 
Accounts payable and other liabilities
5 5 
Total liabilities$8,515 $7,747 
(1)    Other assets are primarily comprised of non-mortgage loans held for sale and restricted cash.

Refer to Note 6, Borrowings, for additional information on Secured financing.

Collateralized Financing Entity

In the normal course of business, the Company transfers financial assets to a trust for which the Company holds a variable interest. The Company has elected to account for the assets and liabilities of the VIE as a CFE. Refer to Note 1, Business, Basis of Presentation and Significant Accounting Policies and Note 3, Fair Value Measurements for additional information on CFEs.