Loans Held for Sale at Fair Value

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
Loan type	2023		2022
	(in thousands)
Government-insured or guaranteed	$	2,589,859	$	2,006,157
Conventional conforming		2,181,524		1,145,053
Jumbo		16,089		12,318
Closed-end second lien mortgage loans		217,251		46,589
Purchased from Ginnie Mae securities serviced by the Company		170,347		257,175
Repurchased pursuant to representations and warranties		11,586		42,008
	$	5,186,656	$	3,509,300
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	4,500,588	$	3,139,870
Mortgage loan participation purchase and sale agreements		526,230		302,977
	$	5,026,818	$	3,442,847