Loans Held for Sale at Fair Value

12 Months Ended

Dec. 31, 2024

Loans Held for Sale at Fair Value

Loans Held for Sale at Fair Value

Note 8—Loans Held for Sale at Fair Value

Loans held for sale at fair value are summarized below:

	December 31,
Mortgage type	2024		2023
	(in thousands)
Government-insured or guaranteed	$	4,154,069	$	2,099,135
Conventional conforming		3,127,082		1,821,085
Jumbo		502,264		21,907
Closed-end second lien		272,285		322,015
Purchased from Ginnie Mae securities serviced by the Company		145,026		146,585
Repurchased pursuant to representations and warranties		16,742		9,964
	$	8,217,468	$	4,420,691
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	7,612,832	$	3,858,977
Mortgage loan participation purchase and sale agreements		528,002		470,524
	$	8,140,834	$	4,329,501