Amount Outstanding at

June 30,

December 31,

2025

2024

(In thousands)

Description

Interest Rate

Subordinate Lender Interest Rate

Maturity

Warehouse lines of credit

2.85% over CP yield rate (Minimum 3.75%) 7.28% and 7.52% at June 30, 2025 and December 31 2024, respectively

6.40% over SOFR yield rate (Minimum 7.15%) 10.97% and 11.09% at June 30, 2025 and December 31, 2024, respectively

July 2026

$

273,305

$

269,602

Warehouse lines of credit

4.50% over a commercial paper rate (Minimum 7.50%) 8.81% and 8.90% at June 30 2025, and December 31 2024, respectively

March 2026

125,331

145,597

Residual interest financing

7.86%

June 2026

41,795

50,000

Residual interest financing

11.50%

March 2029

50,000

Residual interest financing

11.00%

June 2032

65,000

–

Subordinated renewable notes

Weighted average rate of 8.94% and 9.24% at June 30, 2025 and December 31, 2024, respectively

Weighted average maturity of July 2027 and December 2026 at June 30, 2025 and December 31, 2024, respectively

28,828

26,489

$

584,259

$

541,688