Net gains on loans acquired for sale are summarized below:


	Quarter ended June 30,						Six months ended June 30,
	2024			2023			2024			2023
	(in thousands)
From nonaffiliates:
Cash losses:
Sales of loans	$	(40,228	)	$	(116,647	)	$	(71,405	)	$	(189,592	)
Hedging activities		26,027			29,449			(43,929	)		(22,667	)
		(14,201	)		(87,198	)		(115,334	)		(212,259	)
Non-cash gains:
Receipt of MSRs in mortgage loan sale transactions		40,619			90,747			71,868			191,365
Provision for losses relating to representations and warranties provided in loan sales:
Pursuant to loans sales		(204	)		(738	)		(458	)		(1,678	)
Reduction of liability due to change in estimate		6,540			2,939			13,418			3,555
		6,336			2,201			12,960			1,877
Changes in fair value of loans and derivatives
Interest rate lock commitments		(3,292	)		(9,847	)		(5,980	)		(820	)
Loans		(488	)		16,766			5,807			6,279
Hedging derivatives		(18,864	)		(10,055	)		53,702			21,317
		(22,644	)		(3,136	)		53,529			26,776
		24,311			89,812			138,357			220,018
Total from nonaffiliates		10,110			2,614			23,023			7,759
From PFSI ‒ cash gains		2,050			1,832			3,655			3,160
	$	12,160		$	4,446		$	26,678		$	10,919