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Servicing Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, All Other Investments [Abstract]  
Schedule of Components of Serviving Investments
Servicing Investments at December 31, 2025 and 2024 are summarized in the following table.
Table 11.1 – Components of Servicing Investments
(In Thousands)December 31, 2025December 31, 2024
Servicer advance investments, at fair value$231,227 $233,820 
Excess MSRs, at fair value37,971 32,274 
MSRs, at fair value33,032 31,589 
Total Servicing Investments$302,230 $297,683 
Strategic Investments at December 31, 2025 and 2024 are summarized in the following table.
Table 12.1 – Components of Strategic Investments
(In Thousands)December 31, 2025December 31, 2024
Strategic investments, equity method$59,337 $48,767 
Strategic investments, measurement alternative26,235 25,896 
Strategic investments, at fair value6,310 3,460 
Other investments10,076 — 
Total Strategic Investments$101,958 $78,123 
Income from Strategic Investments for the years ended December 31, 2025 and 2024 are summarized in the following tables.
Table 12.2 – Components of Income From Strategic Investments, net
Year Ended December 31,
(In Thousands)202520242023
Other income (loss), net (1)
$1,390 $(1,292)$(3,221)
Investment fair value changes, net (2)
879 (1,586)(2,900)
Total Strategic Investments Income, Net$2,269 $(2,878)$(6,121)
(1)Represents net equity method earnings from our Strategic investments that are accounted for under the equity method.
(2)Includes Investment fair value changes related to our Strategic investments that are accounted for under the measurement alternative for equity securities without readily determinable fair values. For the years ended December 31, 2025, includes Investment fair value gains of $0.7 million and investment fair value losses of $1 million under the measurement alternative. For the year ended December 31, 2024, includes Investment fair value gains of $4 million and investment fair value losses of $5 million under the measurement alternative. For the year ended December 31, 2023, includes Investment fair value gains of $1 million and investment fair value losses of $3 million under the measurement alternative.