XML 53 R43.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Loans Acquired for Sale at Fair Value (Tables)
 6 Months Ended
Jun. 30, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Summary of Distribution of Company's Loans Acquired for Sale at Fair Value

Following is a summary of the distribution of the Company’s loans acquired for sale at fair value:

Loan type

 

June 30, 2024

 

 

December 31, 2023

 

 

 

(in thousands)

 

Held for sale to nonaffiliates—GSE eligible (1)

 

$

381,436

 

 

$

491,108

 

Held for sale to PLS

 

 

 

 

 

 

GSE eligible

 

 

141,598

 

 

 

62,234

 

Government insured or guaranteed

 

 

139,422

 

 

 

106,069

 

 

 

 

281,020

 

 

 

168,303

 

Jumbo

 

 

23,941

 

 

 

3,289

 

Home equity lines of credit

 

 

1,513

 

 

 

1,803

 

Repurchased pursuant to representations and warranties

 

 

6,481

 

 

 

4,515

 

 

$

694,391

 

 

$

669,018

 

Loans pledged to secure:

 

 

 

 

 

 

Assets sold under agreements to repurchase

 

$

670,978

 

 

$

659,751

 

Mortgage loan participation purchase and sale agreements

 

 

14,253

 

 

 

—

 

 

$

685,231

 

 

$

659,751

 

 

GSE eligibility refers to the eligibility of loans for sale to Fannie Mae or Freddie Mac. The Company sells or finances a portion of its GSE eligible loan production to other investors, including PLS.