| 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 sale | | Level 2 | | $ | 198,131 | | | $ | 198,131 | | | $ | 205,089 | | | $ | 205,089 | | IRLC | | Level 3 | | 2,018 | | | 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, net | | Level 2 | | 592,342 | | | 604,917 | | | 591,060 | | | 610,944 | |
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| 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 | |
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