v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Line of Credit Facility [Abstract]  
Schedule of Outstanding Debt Obligations
The outstanding debt obligations included the following as of the periods indicated (in thousands):
As of
June 30, 2026
As of
December 31, 2025
Revolving credit facility
$999,000 $798,000 
6.875% senior unsecured notes, due September 2030
295,345 294,758 
8.250% senior unsecured notes, due August 2028
296,997 296,302 
Mortgage warehouse facilities
186,785 192,837 
Other borrowings
38,986 24,296 
Total debt
$1,817,113 $1,606,193 
Schedule of Mortgage Loans Held For Sale
Outstanding Balance
Facility
As of
June 30, 2026
As of
December 31, 2025
Facility AmountInterest Rate
Warehouse A$43,473 $59,985 $100,000 
SOFR + 2.00%; floor rate of 4.50%
Warehouse B38,076 42,777 80,000 
SOFR + 1.85%
Warehouse C
38,225 44,274 100,000 
SOFR + 1.75%; floor rate of 4.50%
Warehouse D55,013 45,801 100,000 
SOFR + 2.00%
Warehouse E
11,998 — 25,000 
SOFR + 1.90%
Total$186,785 $192,837 $405,000