Loans Held for Sale at Fair Value

12 Months Ended

Dec. 31, 2021

Loans Held for Sale at Fair Value

Loans Held for Sale at Fair Value

Note 7—Loans Held for Sale at Fair Value

Loans held for sale at fair value are summarized below:

	December 31,
Loan type	2021		2020
	(in thousands)
Government-insured or guaranteed	$	6,030,518	$	5,683,786
Conventional conforming		2,583,089		1,257,445
Purchased from Ginnie Mae pools serviced by the Company		1,082,444		4,661,378
Repurchased pursuant to representations and warranties		46,432		13,791
	$	9,742,483	$	11,616,400
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	8,629,861	$	10,912,178
Mortgage loan participation purchase and sale agreements		505,716		545,500
	$	9,135,577	$	11,457,678