Annual report [Section 13 and 15(d), not S-K Item 405]

MORTGAGE LOANS HELD FOR SALE (Tables)

v3.25.0.1
MORTGAGE LOANS HELD FOR SALE (Tables)
12 Months Ended
Dec. 31, 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 Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023 is set forth below:
Year Ended
December 31,
(in thousands)
2024 2023
Balance — beginning of year
$ 901,227  $ 845,775 
Origination and purchase of mortgage loans held for sale
22,140,156  14,193,944 
Proceeds on sale of and payments from mortgage loans held for sale (22,069,785) (14,504,592)
Gain on sale of mortgage loans excluding fair value of other financial instruments, net
566,347  336,245 
Valuation adjustment of mortgage loans held for sale (14,498) 29,855 
Balance — end of year
$ 1,523,447  $ 901,227