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Mortgage Banking Activities, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Mortgage Banking Activities, Net The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of (loss) income for the years ended December 31, 2025, 2024 and 2023.
Table 5.1 – Mortgage Banking Activities
Years Ended December 31,
(In Thousands)202520242023
Sequoia Mortgage Banking Activities, Net:
Changes in fair value of:
Residential consumer loans, at fair value (1)
$173,835 $39,019 $42,976 
Trading securities (2)
(126,882)41,173 (159)
Risk management derivatives (3)
66,220 (24,623)(17,908)
Other income, net (4)
2,476 2,010 2,873 
Total Sequoia mortgage banking activities, net115,649 57,579 27,782 
CoreVest Mortgage Banking Activities, Net:
Changes in fair value of:
Residential investor term loans, at fair value (1)
19,217 11,692 16,500 
Residential investor bridge loans, at fair value10,186 3,767 5,704 
Risk management derivatives (3)
(1,739)5,118 (914)
Other income, net (4) (5)
23,793 21,242 18,314 
Total CoreVest mortgage banking activities, net51,457 41,819 39,604 
Mortgage Banking Activities, Net$167,106 $99,398 $67,386 
(1)Includes changes in fair value for associated loan purchase commitments for residential consumer loans and associated interest rate lock commitments for residential investor term loans.
(2)Represents fair value changes on trading securities that are being used as hedges to manage the mark-to-market risks associated with our Sequoia mortgage banking operations.
(3)Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations and other derivative financial instruments such as loan purchase commitments and interest rate locks.
(4)Amounts in this line item include other fee income from loan acquisitions, and provisions for repurchases, presented net.
(5)Amounts in this line item include other fee income from loan originations.