v3.26.3
MORTGAGE SERVICING RIGHTS (Tables)
9 Months Ended
Sep. 30, 2026
MORTGAGE SERVICING RIGHTS  
Schedule of MSR Key Economic Assumptions Sensitivities

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MSR Key Economic Assumptions Sensitivities (in millions)

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Decrease in Fair Value

Discount Rate

​

​

​

100 basis point increase

​

$

38.8

200 basis point increase

​

​

74.9

Placement Fee Rate

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​

​

50 basis point decrease

​

$

50.7

100 basis point decrease

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​

101.4

Schedule of Activity Related to MSRs

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As of and for the three months ended

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As of and for the nine months ended

 

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September 30, 

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September 30, 

 

Roll Forward of MSRs (in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Beginning balance

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$

793,351

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$

817,814

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$

808,145

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$

852,399

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Additions, following the sale of loan

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39,377

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44,607

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139,815

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118,518

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Amortization

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(54,998)

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(52,254)

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(162,341)

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(157,340)

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Pre-payments and write-offs

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(2,190)

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(4,192)

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(10,079)

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(7,602)

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Ending balance

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$

775,540

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$

805,975

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$

775,540

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$

805,975

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Summary of Components of Net Carrying Value of MSRs

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Components of MSRs (in thousands)

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September 30, 2026

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December 31, 2025

Gross value

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$

1,851,103

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$

1,824,350

Accumulated amortization

​

 

(1,075,563)

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(1,016,205)

Net carrying value

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$

775,540

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$

808,145

Schedule of Expected Amortization of MSRs

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(in thousands)

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Expected

Three Months Ending December 31, 

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  ​Amortization  

2026

​

$

54,370

Year Ending December 31,

​

​

​

2027

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$

204,080

2028

​

 

173,468

2029

​

 

130,772

2030

​

 

83,868

2031

​

 

52,238

Thereafter

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​

76,744

Total

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$

775,540

​