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LOANS HELD FOR SALE, AT FAIR VALUE (Tables)
 9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Schedule of Unpaid Principal Balance of LHFS by Type of Loan
The following table represents the unpaid principal balance of LHFS by product type as of September 30, 2021 and December 31, 2020:
September 30,
2021		December 31,
2020
Amount%Amount%
Conforming - fixed$5,764,345 66%$5,223,177 78%
Conforming - ARM192,737 2260 —
Government - fixed 990,566 121,108,936 16
Government - ARM68,973 145,243 1
Other - residential mortgage loans1,659,792 19312,954 5
Consumer loans2,020 —2,541 —
8,678,433 100%6,693,111 100%
Fair value adjustment195,303 262,313 
  Total$8,873,736 $6,955,424 
Summary of Changes in Balance of Loans Held For Sale
A summary of the changes in the balance of loans held for sale is as follows:

Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Balance at beginning of period$9,120,653 $3,303,438 $6,955,424 $3,681,840 
Origination and purchase of loans31,902,260 27,101,570 107,717,154 63,183,309 
Sales(32,200,708)(25,598,952)(106,414,376)(62,192,701)
Repurchases138,666 36,767 802,366 145,049 
Principal payments(53,316)(6,820)(119,822)(43,306)
Fair value (loss) gain (33,819)52,361 (67,010)114,173 
Balance at end of period$8,873,736 $4,888,364 $8,873,736 $4,888,364 
Components of Gain on Origination and Sale of Loans, Net
Gain on origination and sale of loans, net is comprised of the following components:

Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Premium from loan sales$674,782 $968,550 $1,552,668 $2,125,730 
Servicing rights345,882 262,401 1,302,884 574,768 
Unrealized gains (losses) from derivative assets and liabilities42,984 195,383 (139,483)498,090 
Realized (losses) gains from derivative assets and liabilities(156,514)(184,861)194,035 (456,969)
Discount points, rebates and lender paid costs(49,585)(38,198)(193,043)(72,031)
Fair value (loss) gain (33,818)52,361 (67,010)114,173 
Provision for loan loss obligations for loans sold(2,456)(4,495)(2,723)(16,621)
Total gain on origination and sale of loans, net$821,275 $1,251,141 $2,647,328 $2,767,140