Quarterly report [Sections 13 or 15(d)]

Mortgage Loans Held-for-Sale, at Fair Value (Tables)

v3.25.1
Mortgage Loans Held-for-Sale, at Fair Value (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Reconciliation of Mortgage Loans Held-for-Sale The following table presents the carrying value of Company’s mortgage loans held-for-sale as of March 31, 2025 and December 31, 2024:
(in thousands) March 31,
2025
December 31, 2024
Unpaid principal balance $ 8,252  $ 2,297 
Mark-to-market adjustments 154  37 
Total mortgage loans held-for-sale $ 8,406  $ 2,334 

The following table presents a reconciliation of the Company’s mortgage loans held-for-sale for the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31,
(in thousands) 2025 2024
Balance at beginning of period $ 2,334  $ 332 
Originations and purchases of mortgage loans
28,870 
Sales and principal collections
(22,915) (50)
Unrealized gains (losses) on mortgage loans 117  (4)
Balance at end of period $ 8,406  $ 279