Loans Held for Sale at Fair Value

12 Months Ended

Dec. 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 are summarized below:

	December 31,
Loan type	2022		2021
	(in thousands)
Government-insured or guaranteed	$	2,006,157	$	6,030,518
Conventional conforming		1,145,053		2,583,089
Jumbo		12,318		—
Home equity loans		46,589		—
Purchased from Ginnie Mae securities serviced by the Company		257,175		1,082,444
Repurchased pursuant to representations and warranties		42,008		46,432
	$	3,509,300	$	9,742,483
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	3,139,870	$	8,629,861
Mortgage loan participation purchase and sale agreements		302,977		505,716
	$	3,442,847	$	9,135,577