Loans Held for Sale at Fair Value

3 Months Ended

Mar. 31, 2022

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 include the following:

	March 31,		December 31,
Loan type	2022		2021
	(in thousands)
Government-insured or guaranteed	$	3,388,133	$	6,030,518
Conventional conforming		952,908		2,583,089
Jumbo		1,603		—
Purchased from Ginnie Mae pools serviced by the Company		728,189		1,082,444
Repurchased pursuant to representations and warranties		48,401		46,432
	$	5,119,234	$	9,742,483
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	4,491,903	$	8,629,861
Mortgage loan participation purchase and sale agreements		523,742		505,716
	$	5,015,645	$	9,135,577