Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of fair values of financial assets and liabilities

	As of March 31, 2026
Financial Instrument	(In thousands)
	Carrying		Fair Value Measurements Using:
	Value		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	6,944	$	6,944	$	–	$	–	$	6,944
Restricted cash and equivalents		178,469		178,469		–		–		178,469
Liabilities:
Warehouse lines of credit	$	467,138	$	–	$	–	$	467,138	$	467,138
Accrued interest payable		11,842		–		–		11,842		11,842
Residual interest financing		181,383		–		–		192,294		192,294
Securitization trust debt		2,992,157		–		–		3,013,756		3,013,756
Subordinated renewable notes		27,508		–		–		27,508		27,508

	As of December 31, 2025
Financial Instrument	(In thousands)
	Carrying		Fair Value Measurements Using:
	Value		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	6,322	$	6,322	$	–	$	–	$	6,322
Restricted cash and equivalents		165,885		165,885		–		–		165,885
Liabilities:
Warehouse lines of credit	$	324,871	$	–	$	–	$	324,871	$	324,871
Accrued interest payable		11,994		–		–		11,994		11,994
Residual interest financing		142,982		–		–		152,607		152,607
Securitization trust debt		2,986,574		–		–		2,985,961		2,985,961
Subordinated renewable notes		28,986		–		–		28,986		28,986