| Schedule of debt outstanding | |
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Amount Outstanding at | |
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June 30, | | |
December 31, | |
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2026 | | |
2025 | |
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(In thousands) | |
| Description | |
Interest Rate | | |
Subordinate Lender Interest Rate | | |
Maturity | | |
| | |
| |
| Warehouse line of credit | |
| 2.85% over CP yield rate (Minimum 3.60%) 6.74% and 6.80% at June 30, 2026 and December 31 2025, respectively | | |
| 6.40% over SOFR yield rate (Minimum 7.15%) 10.31% and 10.40% at June 30, 2026 and December 31, 2025, respectively | | |
| July 2028 | | |
$ | 327,942 | | |
| 197,107 | |
| Warehouse line of credit | |
| 4.50% over a commercial paper rate (Minimum 7.50%) 8.25% at December 31 2025 | | |
| | | |
| April 2026 | | |
| – | | |
| 11,778 | |
| Warehouse line of credit | |
| 2.60% over SOFR yield rate (Minimum 2.85%) 6.23% and 6.50% at June 30, 2026 and December 31, 2025, respectively | | |
| 6.40% over SOFR yield rate (Minimum 6.65%) 10.02% and 10.27% at June 30, 2026 and December 31, 2025, respectively | | |
| October 2027 | | |
| 353,683 | | |
| 118,323 | |
| Residual interest financing | |
| 7.86% | | |
| | | |
| December 2028 | | |
| 11,078 | | |
| 31,163 | |
| Residual interest financing | |
| 11.50% | | |
| | | |
| March 2029 | | |
| 46,881 | | |
| 49,820 | |
| Residual interest financing | |
| 11.00% | | |
| | | |
| June 2032 | | |
| 62,810 | | |
| 63,524 | |
| Residual interest financing | |
| 8.75% | | |
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| May 2033 | | |
| 50,000 | | |
| – | |
| Subordinated renewable notes | |
| Weighted average rate of 8.78% and 8.98% at June 30, 2026 and December 31, 2025, respectively | | |
| | | |
| Weighted average maturity of March 2028 and November 2027 at June 30, 2026 and December 31, 2025,
respectively | | |
| 28,461 | | |
| 28,986 | |
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$ | 880,855 | | |
$ | 500,701 | |