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Home Equity Investments (HEI) (Tables)
 3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule Of Home Equity Investments
The following table presents our HEI at March 31, 2025 and December 31, 2024.
Table 10.1 – Home Equity Investments
(In Thousands)March 31, 2025December 31, 2024
Unsecuritized HEI$262,405 $257,315 
HEI held at consolidated HEI securitization entities337,981 332,470 
Total Home Equity Investments$600,386 $589,785 
Schedule Of Activity of Home Equity Investments
The following table details our HEI activity during the three months ended March 31, 2025 and 2024.
Table 10.2 – Activity of HEI
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
(In Thousands)Unsecuritized HEISecuritized HEIUnsecuritized HEISecuritized HEI
Fair value of HEI purchased and originated$1,834 $— $307 $— 
Net market valuation gains recorded 7,136 11,912 6,143 15,424 
Schedule of Components of HEI Income, Net
Table 10.3 – Components of HEI Income, net
(In Thousands)Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Net market valuation gains recorded on Unsecuritized HEI$7,136 $6,143 
Net market valuation gains recorded on Securitized HEI11,912 15,424 
Net market valuation (losses) recorded on ABS Issued from HEI securitizations (1)
(3,769)(7,409)
Net market valuation (losses) recorded on non-controlling interests in HEI securitizations(5,208)(5,127)
Other95 $55 
Total HEI income, net$10,166 $9,086 
(1)Amount includes interest expense associated with ABS issued, which totaled $3 million for the three months ended March 31, 2025 and 2024, respectively.