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Loans Held-for-Sale, Net
 3 Months Ended
Mar. 31, 2026
Receivable, Held-for-Sale [Abstract]  
Loans Held-for-Sale, Net Loans Held-for-Sale, Net
Our GSE loans held-for-sale are typically sold within 60 days of loan origination, while our non-GSE loans are generally expected to be sold to third parties or securitized within 180 days of loan origination. Loans held-for-sale, net consists of the following ($ in thousands):
March 31, 2026December 31, 2025
Fannie Mae$302,433 $303,196 
Private Label77,762 77,798 
FHA45,507 22,390 
Freddie Mac16,477 2,225 
SFR - Fixed Rate2,777 2,777 
444,956 408,386 
Fair value of future MSR4,994 5,921 
Unrealized impairment recovery (loss)1,224 1,414 
Unearned discount(7,956)(6,640)
Loans held-for-sale, net$443,218 $409,081 
During the three months ended March 31, 2026 and 2025, we sold $671.0 million and $730.9 million, respectively, of loans held-for-sale.
At March 31, 2026 and December 31, 2025, there were no loans held-for-sale that were 90 days or more past due, and there were no loans held-for-sale that were placed on a non-accrual status.