Loans Held for Sale at Fair Value

3 Months Ended

Mar. 31, 2023

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	2023		2022
	(in thousands)
Government-insured or guaranteed	$	3,683,535	$	2,006,157
Conventional conforming		2,747,886		1,145,053
Jumbo		28,213		12,318
Closed-end second loans		74,393		46,589
Purchased from Ginnie Mae securities serviced by the Company		211,079		257,175
Repurchased pursuant to representations and warranties		27,317		42,008
	$	6,772,423	$	3,509,300
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	6,124,986	$	3,139,870
Mortgage loan participation purchase and sale agreements		543,432		302,977
	$	6,668,418	$	3,442,847