v3.26.1
MORTGAGE SERVICING RIGHTS (Tables)
6 Months Ended
Jun. 30, 2026
MORTGAGE SERVICING RIGHTS  
Schedule of MSR Key Economic Assumptions Sensitivities

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MSR Key Economic Assumptions Sensitivities (in millions)

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Decrease in Fair Value

Discount Rate

​

​

​

100 basis point increase

​

$

38.6

200 basis point increase

​

​

74.4

Placement Fee Rate

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​

​

50 basis point decrease

​

$

50.4

100 basis point decrease

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​

100.8

Schedule of Activity Related to MSRs

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​

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As of and for the three months ended

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As of and for the six months ended

 

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June 30, 

​

June 30, 

 

Roll Forward of MSRs (in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Beginning balance

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$

795,754

​

$

825,761

​

$

808,145

​

$

852,399

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Additions, following the sale of loan

​

 

54,077

​

 

47,068

​

 

100,438

​

 

73,911

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Amortization

​

 

(54,267)

​

 

(53,264)

​

 

(107,343)

​

 

(105,086)

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Pre-payments and write-offs

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(2,213)

​

 

(1,751)

​

 

(7,889)

​

 

(3,410)

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Ending balance

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$

793,351

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$

817,814

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$

793,351

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$

817,814

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Summary of Components of Net Carrying Value of MSRs

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Components of MSRs (in thousands)

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June 30, 2026

​

December 31, 2025

Gross value

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$

1,849,374

​

$

1,824,350

Accumulated amortization

​

 

(1,056,023)

​

 

(1,016,205)

Net carrying value

​

$

793,351

​

$

808,145

Schedule of Expected Amortization of MSRs

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(in thousands)

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Expected

Six Months Ending December 31, 

​

  ​Amortization  

2026

​

$

106,275

Year Ending December 31,

​

​

​

2027

​

$

196,669

2028

​

 

165,837

2029

​

 

123,738

2030

​

 

78,895

2031

​

 

49,599

Thereafter

​

​

72,338

Total

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$

793,351