| Schedule of Fair Value, by Balance Sheet Grouping |
The following table presents the carrying value and fair value of certain of the financial instruments as of the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | Fair Value Hierarchy | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | Assets: | | | | | | | | | | | | Mortgage loans held for sale | | Level 2 | | $ | 169,614 | | | $ | 169,614 | | | $ | 205,089 | | | $ | 205,089 | | IRLC | | Level 3 | | — | | | — | | | 1,449 | | | 1,449 | | MBS | | Level 2 | | 3,747 | | | 3,747 | | | — | | | — | | AFS debt securities | | Level 2 | | 27,350 | | | 27,350 | | | 30,704 | | | 30,704 | | Equity securities | | Level 1 | | 36,947 | | | 36,947 | | | 4,877 | | | 4,877 | | Liabilities: | | | | | | | | | | | IRLC | | Level 3 | | 326 | | | 326 | | | — | | | — | | MBS | | Level 2 | | — | | | — | | | 128 | | | 128 | | | Senior unsecured notes, net | | Level 2 | | 592,984 | | | 580,425 | | | 591,060 | | | 610,944 | |
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| Schedule of Debt Securities, Available-for-Sale |
The following table presents additional information related to the AFS debt securities, including the largest major security type, corporate bonds, as of the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | Amortized cost | | Fair value | | Amortized cost | | Fair value | | Years to maturity: | | | | | | | | | Due in one year or less | | $ | 2,391 | | | $ | 2,376 | | | $ | 1,080 | | | $ | 1,166 | | Due after one year through five years | | 6,449 | | | 6,289 | | | 8,314 | | | 8,461 | | Due after five years through ten years | | 6,202 | | | 5,912 | | | 8,240 | | | 8,402 | | Due after ten years | | 6,135 | | | 5,821 | | | 9,711 | | | 9,908 | | Asset-backed securities | | 7,107 | | | 6,952 | | | 2,746 | | | 2,767 | | | Total AFS debt securities | | $ | 28,284 | | | $ | 27,350 | | | $ | 30,091 | | | $ | 30,704 | | | | | | | | | | | | AFS corporate bonds | | $ | 12,528 | | | $ | 12,025 | | | $ | 16,384 | | | $ | 16,775 | |
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