Loans Held for Sale at Fair Value

3 Months Ended

Mar. 31, 2024

Loans Held for Sale at Fair Value

Loans Held for Sale at Fair Value

Note 9—Loans Held for Sale at Fair Value

Loans held for sale at fair value include the following:

	March 31,		December 31,
Loan type	2024		2023
	(in thousands)
Government-insured or guaranteed	$	2,517,566	$	2,099,135
Conventional conforming		2,158,242		1,821,085
Jumbo		58,150		21,907
Closed-end second lien mortgage loans		230,639		322,015
Purchased from Ginnie Mae securities serviced by the Company		222,286		146,585
Repurchased pursuant to representations and warranties		13,467		9,964
	$	5,200,350	$	4,420,691
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	4,741,330	$	3,858,977
Mortgage loan participation purchase and sale agreements		385,804		470,524
	$	5,127,134	$	4,329,501