CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents (includes restricted cash of $16.1 million and $16.0 million, respectively)	$ 489,984	$ 507,339
Mortgage loans at fair value	8,040,310	9,516,537
Derivative assets	59,356	99,964
Investment securities at fair value, pledged	101,627	103,013
Accounts receivable, net	719,369	417,955
Mortgage servicing rights	3,445,195	3,969,881
Premises and equipment, net	166,460	146,199
Operating lease right-of-use asset (includes $89.9 million and $92.6 million, respectively, with related parties)	91,004	93,730
Finance lease right-of-use asset, net (includes $21.7 million and $22.7 million, respectively, with related parties)	21,810	23,193
Loans eligible for repurchase from Ginnie Mae	564,806	641,554
Other assets	186,968	151,751
Total assets	13,886,889	15,671,116
Liabilities and equity
Warehouse lines of credit	7,254,526	8,697,744
Derivative liabilities	76,683	35,965
Secured lines of credit	425,000	500,000
Borrowings against investment securities	86,896	90,646
Accounts payable, accrued expenses and other	661,496	580,736
Accrued distributions and dividends payable	160,360	159,827
Senior notes	2,787,797	2,785,326
Operating lease liability (includes $96.3 million and $99.2 million, respectively, with related parties)	97,471	100,376
Finance lease liability (includes $23.8 million and $24.6 million, respectively, with related parties)	23,872	25,094
Loans eligible for repurchase from Ginnie Mae	564,806	641,554
Total liabilities	12,138,907	13,617,268
Equity
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of June 30, 2025 or December 31, 2024	0	0
Additional paid-in capital	5,688	3,523
Retained earnings	170,320	157,837
Non-controlling interest	1,571,814	1,892,328
Total equity	1,747,982	2,053,848
Total liabilities and equity	13,886,889	15,671,116
Common Class A
Equity
Common stock, $0.0001 par value	21	16
Common Class B
Equity
Common stock, $0.0001 par value	0	0
Common Class C
Equity
Common stock, $0.0001 par value	0	0
Common Class D
Equity
Common stock, $0.0001 par value	$ 139	$ 144