Quarterly report pursuant to Section 13 or 15(d)

MORTGAGE LOANS HELD FOR SALE (Tables)

v3.24.2.u1
MORTGAGE LOANS HELD FOR SALE (Tables)
6 Months Ended
Jun. 30, 2024
Mortgage Loans Held For Sale [Abstract]  
Summary of Reconciliation of Changes in Mortgage Loans Held for Sale to Amounts Presented in Condensed Consolidated Statements of Cash Flows A
reconciliation of the changes in MLHS to the amounts presented in the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and June 30, 2023 is set forth below:
Six Months Ended
June 30,
(in thousands)
2024 2023
Balance — beginning of period $ 901,227  $ 845,775 
Origination and purchase of mortgage loans held for sale
9,650,745  7,012,503 
Proceeds on sale of and payments from mortgage loans held for sale (9,057,786) (6,877,200)
Gain on sale of mortgage loans excluding fair value of other financial instruments, net
235,539  151,020 
Valuation adjustment of mortgage loans held for sale (718) (6,106)
Balance — end of period $ 1,729,007  $ 1,125,992