Amount Outstanding at

March 31,

December 31,

2025

2024

(In thousands)

Description

Interest Rate

Subordinate Lender

Interest Rate

Maturity

Warehouse lines of credit

3.00% over CP yield rate (Minimum 3.75%) 7.38% and 7.52% at March 31, 2025 and December 31 2024, respectively

6.40% over SOFR yield rate (Minimum 7.15%) 10.95% and 11.09% at March 31, 2025 and December 31, 2024, respectively

July 2026

$

280,400

$

269,602

Warehouse lines of credit

4.50% over a commercial paper rate (Minimum 7.50%) 8.82% and 8.90% at March 31 2025, and December 31 2024, respectively

March 2026

88,988

145,597

Residual interest financing

7.86%

June 2026

50,000

Residual interest financing

11.50%

March 2029

50,000

Residual interest financing

11.00%

June 2032

65,000

–

Subordinated renewable notes

Weighted average rate of 9.18% and 9.24% at March 31, 2025 and December 31, 2024, respectively

Weighted average maturity of April 2027 and December 2026 at March 31, 2025 and December 31, 2024, respectively

27,547

26,489

$

561,935

$

541,688