ALLOWANCE FOR RISK-SHARING OBLIGATIONS AND GUARANTY OBLIGATION (Tables)

12 Months Ended

Dec. 31, 2025

ALLOWANCE FOR RISK-SHARING OBLIGATIONS AND GUARANTY OBLIGATION

Summary of Allowance for Risk-Sharing Obligations

	For the year ended December 31,
Roll Forward of Allowance for Risk-Sharing Obligations (in thousands)	2025		2024
Beginning balance	$	28,159	$	31,601
Provision (benefit) for risk-sharing obligations		9,387		(974)
Write-offs		—		(468)
Other		—		(2,000)
Ending balance	$	37,546	$	28,159

Schedule of CECL Calculation Details and Provision Impact

		2025
CECL Allowance Calculation Inputs, Details, and Provision Impact		Q1		Q2		Q3		Q4		Total
Forecast-period loss rate (in basis points)		2.1		2.1		2.1		2.1		N/A
Reversion-period loss rate (in basis points)		1.2		1.2		1.2		1.2		N/A
Historical loss rate (in basis points)		0.3		0.3		0.3		0.3		N/A
At-risk Fannie Mae servicing portfolio UPB (in billions)	$	63.6	$	64.7	$	66.0	$	67.5		N/A
CECL allowance (in millions)	$	24.4	$	24.6	$	24.8	$	25.0		N/A
Provision (benefit) for CECL allowance (in millions)	$	0.2	$	0.2	$	0.1	$	0.2	$	0.7

		2024
CECL Allowance Calculation Inputs, Details, and Provision Impact		Q1		Q2		Q3		Q4		Total
Forecast-period loss rate (in basis points)		2.3		2.3		2.1		2.1		N/A
Reversion-period loss rate (in basis points)		1.3		1.3		1.2		1.2		N/A
Historical loss rate (in basis points)		0.3		0.3		0.3		0.3		N/A
At-risk Fannie Mae servicing portfolio UPB (in billions)	$	59.2	$	59.5	$	60.6	$	62.9		N/A
CECL allowance (in millions)	$	25.0	$	24.9	$	23.4	$	24.2		N/A
Provision (benefit) for CECL allowance (in millions)	$	(6.6)	$	(0.1)	$	(1.5)	$	0.8	$	(7.4)

		2023
CECL Allowance Calculation Inputs, Details, and Provision Impact		Q1		Q2		Q3		Q4		Total
Forecast-period loss rate (in basis points)		2.3		2.3		2.3		2.4		N/A
Reversion-period loss rate (in basis points)		1.5		1.5		1.5		1.5		N/A
Historical loss rate (in basis points)		0.6		0.6		0.6		0.6		N/A
At-risk Fannie Mae servicing portfolio UPB (in billions)	$	54.5	$	55.7	$	57.4	$	58.5		N/A
CECL allowance (in millions)	$	28.7	$	28.9	$	31.0	$	31.6		N/A
Provision (benefit) CECL allowance (in millions)	$	(11.0)	$	0.2	$	0.5	$	0.6	$	(9.7)

Schedule of Activity Related to Guaranty Obligation

	For the year ended December 31,
Roll Forward of Guaranty Obligation (in thousands)	2025		2024
Beginning balance	$	35,980	$	39,868
Additions, following the sale of loan		5,679		4,218
Amortization and write-offs		(8,735)		(8,106)
Ending balance	$	32,924	$	35,980