Loans Held for Sale at Fair Value

6 Months Ended

Jun. 30, 2025

Loans Held for Sale at Fair Value

Loans Held for Sale at Fair Value

Note 9—Loans Held for Sale at Fair Value

Following is a summary of loans held for sale at fair value:

	June 30,		December 31,
Mortgage type	2025		2024
	(in thousands)
Government-insured or guaranteed	$	3,786,855	$	4,154,069
Conventional conforming		2,215,601		3,127,082
Jumbo		447,855		502,264
Closed-end second lien		268,600		272,285
Purchased from Ginnie Mae securities serviced by the Company		220,973		145,026
Repurchased pursuant to representations and warranties		21,340		16,742
	$	6,961,224	$	8,217,468
Fair value of loans pledged to secure:
Assets sold under agreements to repurchase	$	6,128,283	$	7,612,832
Mortgage loan participation purchase and sale agreements		745,063		528,002
	$	6,873,346	$	8,140,834