| Schedule of warehouse lines of credit |
| | | | | | | | | | | | | | | | | | September 30, 2026 | | | | (dollars in thousands) | | Committed | | Uncommitted | | Total Facility | | Outstanding | | | | Facility | | Amount | | Amount | | Capacity | | Balance | | Interest rate(1) | | Agency Warehouse Facility #1 | | $ | 325,000 | | | 250,000 | | | 575,000 | | $ | 52,211 | | SOFR plus 1.20% | | Agency Warehouse Facility #2 | | | 700,000 | | | 300,000 | | | 1,000,000 | | | 141,774 | | SOFR plus 1.20% | | Agency Warehouse Facility #3 | | | 425,000 | | | 425,000 | | | 850,000 | | | 89,078 | | SOFR plus 1.20% | | Agency Warehouse Facility #4 | | | 150,000 | | | 225,000 | | | 375,000 | | | 49,931 | | SOFR plus 1.30% to 1.35% | | Agency Warehouse Facility #5 | | | — | | | 1,000,000 | | | 1,000,000 | | | 162,828 | | SOFR plus 1.35% | | Agency Warehouse Facility #6 (1) | | | — | | | 750,000 | | | 750,000 | | | 172,662 | | SOFR plus 1.30% to 1.40% | | Total National Bank Agency Warehouse Facilities | | $ | 1,600,000 | | | 2,950,000 | | | 4,550,000 | | $ | 668,484 | | | | Fannie Mae repurchase agreement, uncommitted line and open maturity | | | — | | | 1,500,000 | | | 1,500,000 | | | 50,815 | | | | Total Agency Warehouse Facilities | | $ | 1,600,000 | | | 4,450,000 | | | 6,050,000 | | $ | 719,299 | | | |
| (1) | Includes borrowings under pre-Agency sublimit. |
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| Schedule of corporate notes payable |
The following table shows the components of the Corporate notes payable as of September 30, 2026 and December 31, 2025: | | | | | | | | | | | September 30, | | December 31, | | | (in thousands, unless otherwise specified) | | 2026 | | 2025 | | Interest rate and repayments | Term Loan Note Payable | | | | | | | | | Unpaid principal balance | | $ | 443,250 | | $ | 446,625 | | Quarterly principal payments of $1.1 million | Unamortized debt discount | | | (2,543) | | | (2,688) | | | Unamortized debt issuance costs | | | (7,380) | | | (8,681) | | | Carrying balance | | $ | 433,327 | | $ | 435,256 | | | | | | | | | | | | Senior Notes | | | | | | | | | Unpaid principal balance | | $ | 400,000 | | $ | 400,000 | | No recurring principal payments. Stated interest rate is 6.625% Interest rate swapped to SOFR + 257 basis points. | Fair value adjustment (NOTE 10) | | | (22,484) | | | 927 | | | Unamortized debt issuance costs | | | (6,234) | | | (6,965) | | | Carrying balance | | $ | 371,282 | | $ | 393,962 | | | | | | | | | | | | Corporate notes payable | | $ | 804,609 | | $ | 829,218 | | | | | | | | | | | |
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