SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2025 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS The Company delivered notices of early termination for three warehouse repurchase facilities with committed capacities of $250 million, $200 million and $350 million (aggregate $800 million), requesting an effective termination date of October 24, 2025. In connection with these terminations, the Company will repurchase any mortgage loans financed under the facilities and pay accrued fees and other amounts due pursuant to the applicable agreements. The write-off of unamortized debt issuance costs related to the terminated facilities is immaterial, and as these events occurred after the balance sheet date, they are subsequent events that did not result in any adjustments to the unaudited condensed consolidated financial statements. The Company continues to evaluate its funding capacity and believes it has adequate warehouse capacity under its remaining facilities to support expected loan funding requirements.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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