Quarterly report [Sections 13 or 15(d)]

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

v3.25.2
Mortgage Loans Held-for-Sale, at Fair Value (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024:
(in thousands) June 30,
2025
December 31,
2024
Unpaid principal balance $ 9,660  $ 2,297 
Mark-to-market adjustments 228  37 
Total mortgage loans held-for-sale $ 9,888  $ 2,334 
The following table presents a reconciliation of the Company’s mortgage loans held-for-sale for the three and six months ended June 30, 2025 and 2024:
Three Months Ended Six Months Ended
June 30, June 30,
(in thousands) 2025 2024 2025 2024
Balance at beginning of period $ 8,406  $ 279  $ 2,334  $ 332 
Originations and purchases of mortgage loans
48,669  50  77,539  51 
Sales and principal collections
(47,260) (51) (70,175) (101)
Unrealized gains (losses) on mortgage loans 73  —  190  (4)
Balance at end of period $ 9,888  $ 278  $ 9,888  $ 278