Loans Held for Sale at Fair Value

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
Loan type	2022		2021
	(in thousands)
Government-insured or guaranteed	$	3,256,696	$	6,030,518
Conventional conforming		536,800		2,583,089
Jumbo		11,594		—
Home equity loans		972		—
Purchased from Ginnie Mae securities serviced by the Company		299,157		1,082,444
Repurchased pursuant to representations and warranties		44,507		46,432
	$	4,149,726	$	9,742,483
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	3,626,320	$	8,629,861
Mortgage loan participation purchase and sale agreements		385,944		505,716
	$	4,012,264	$	9,135,577