v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair values of financial assets and liabilities
                         
   As of June 30, 2026 
Financial Instrument  (In thousands) 
   Carrying   Fair Value Measurements Using:     
   Value   Level 1   Level 2   Level 3   Total 
Assets:                    
Cash and cash equivalents  $7,501   $7,501   $–   $–   $7,501 
Restricted cash and equivalents  $172,703   $172,703   $–   $–   $172,703 
Liabilities:                         
Warehouse lines of credit  $679,900   $–   $–   $679,900   $679,900 
Accrued interest payable  $13,452   $–   $–   $13,452   $13,452 
Residual interest financing  $168,809   $    $–   $177,828   $177,828 
Securitization trust debt  $3,131,105   $–   $–   $3,131,499   $3,131,499 
Subordinated renewable notes  $28,461   $–   $–   $28,461   $28,461 

 

                          
   As of December 31, 2025 
Financial Instrument  (In thousands) 
   Carrying   Fair Value Measurements Using:     
   Value   Level 1   Level 2   Level 3   Total 
Assets:                    
Cash and cash equivalents  $6,322   $6,322   $–   $–   $6,322 
Restricted cash and equivalents  $165,885   $165,885   $–   $–   $165,885 
Liabilities:                         
Warehouse lines of credit  $324,871   $–   $–   $324,871   $324,871 
Accrued interest payable  $11,994   $–   $–   $11,994   $11,994 
Residual interest financing  $142,982   $–   $–   $152,607   $152,607 
Securitization trust debt  $2,986,574   $–   $–   $2,985,961   $2,985,961 
Subordinated renewable notes  $28,986   $–   $–   $28,986   $28,986