Loans Held for Sale at Fair Value

3 Months Ended

Mar. 31, 2025

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,
Mortgage type	2025		2024
	(in thousands)
Government-insured or guaranteed	$	4,575,020	$	4,154,069
Conventional conforming		1,644,181		3,127,082
Jumbo		434,448		502,264
Closed-end second lien		231,692		272,285
Purchased from Ginnie Mae securities serviced by the Company		196,295		145,026
Repurchased pursuant to representations and warranties		13,634		16,742
	$	7,095,270	$	8,217,468
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	6,485,146	$	7,612,832
Mortgage loan participation purchase and sale agreements		542,613		528,002
	$	7,027,759	$	8,140,834