MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2025

MORTGAGE SERVICING RIGHTS

Schedule of MSR Key Economic Assumptions Sensitivities

MSR Key Economic Assumptions Sensitivities (in millions)	Decrease in Fair Value
Discount Rate
100 basis point increase	$	39.4
200 basis point increase		76.1
Placement Fee Rate
50 basis point decrease	$	49.7
100 basis point decrease		99.5

Schedule of Activity Related to MSRs

	For the year ended December 31,
Roll Forward of MSRs (in thousands)	2025		2024
Beginning balance	$	852,399	$	907,415
Additions, following the sale of loan		178,136		156,984
Amortization		(210,536)		(203,600)
Pre-payments and write-offs		(11,854)		(8,400)
Ending balance	$	808,145	$	852,399

Summary of Components of Net Carrying Value of MSRs

Components of MSRs (in thousands)	December 31, 2025		December 31, 2024
Gross value	$	1,824,350	$	1,808,295
Accumulated amortization		(1,016,205)		(955,896)
Net carrying value	$	808,145	$	852,399

Schedule of Expected Amortization of MSRs

	Expected
	Amortization
Year Ending December 31, (in thousands)
2026	$	199,489
2027		178,400
2028		147,206
2029		107,607
2030		69,735
Thereafter		105,708
Total	$	808,145