Quarterly report [Sections 13 or 15(d)]

MORTGAGE LOANS HELD FOR SALE (Tables)

v3.25.2
MORTGAGE LOANS HELD FOR SALE (Tables)
6 Months Ended
Jun. 30, 2025
Mortgage Loans Held For Sale [Abstract]  
Schedule ofReconciliation 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, 2025 and 2024 is set forth below:
Six Months Ended
June 30,
(in thousands)
2025 2024
Balance — beginning of period $ 1,523,447  $ 901,227 
Origination and purchase of mortgage loans held for sale
11,563,727  9,650,745 
Proceeds on sale of and payments from mortgage loans held for sale (11,617,957) (9,057,786)
Gain on sale of mortgage loans excluding fair value of other financial instruments, net
327,307  235,539 
Valuation adjustment of mortgage loans held for sale 24,663  (718)
Balance — end of period $ 1,821,187  $ 1,729,007