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Loans Subject to Repurchase from Ginnie Mae
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Loans Subject to Repurchase from Ginnie Mae
9. Loans Subject to Repurchase from Ginnie Mae

Loans are sold to Ginnie Mae in conjunction with the issuance of mortgage-backed securities. The Company, as the issuer of the mortgage-backed securities, has the unilateral right to repurchase any individual loan in a Ginnie Mae securitization pool if that loan meets certain criteria, including payments not being received from customers for greater than 90 days. Once the Company has the unilateral right to repurchase a delinquent loan, it has effectively regained control over the loan and recognizes these rights to the loan on its consolidated balance sheets and establishes a corresponding repurchase liability regardless of the Company’s intention to repurchase the loan. The Company had loans subject to repurchase from Ginnie Mae of $1,176 and $966 as of December 31, 2024 and 2023, respectively, which are included in both “other assets” and “payables and other liabilities” in the consolidated balance sheets.