v3.26.1
Fair Value Disclosures (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the carrying value and fair value of certain of the financial instruments as of the periods indicated (in thousands):
As of
June 30, 2026
As of
December 31, 2025
Fair Value Hierarchy
Carrying Value
Fair Value
Carrying Value
 Fair Value
Assets:
Mortgage loans held for saleLevel 2$198,131 $198,131 $205,089 $205,089 
IRLC
Level 32,018 2,018 1,449 1,449 
AFS debt securities
Level 2
24,319 24,319 30,704 30,704 
Equity securities
Level 1
31,120 31,120 4,877 4,877 
Liabilities:
MBS
Level 2
$360 $360 $128 $128 
Senior unsecured notes, netLevel 2592,342 604,917 591,060 610,944 
Schedule of Debt Securities, Available-for-Sale
The following table presents additional information related to the AFS debt securities, including the largest major security type, corporate bonds, as of the periods indicated (in thousands):
As of
June 30, 2026
As of
December 31, 2025
Amortized cost
Fair value
Amortized cost
Fair value
Years to maturity:
Due in one year or less
$297 $303 $1,080 $1,166 
Due after one year through five years
5,330 5,404 8,314 8,461 
Due after five years through ten years
6,370 6,363 8,240 8,402 
Due after ten years
9,435 9,460 9,711 9,908 
Asset-backed securities
2,797 2,789 2,746 2,767 
Total AFS debt securities$24,229 $24,319 $30,091 $30,704 
AFS corporate bonds$11,968 $12,064 $16,384 $16,775