Quarterly report pursuant to Section 13 or 15(d)

Interest Income and Interest Expense

v3.24.3
Interest Income and Interest Expense
 9 Months Ended
Sep. 30, 2024
Banking and Thrift, Interest [Abstract]  
Interest Income and Interest Expense Interest Income and Interest Expense
The following table presents the components of the Company’s interest income and interest expense for the three and nine months ended September 30, 2024 and 2023.
Three Months Ended Nine Months Ended
September 30, September 30,
2024 2023 2024 2023
Interest income:
Available-for-sale securities $ 101,067  $ 107,827  $ 300,883  $ 309,060 
Mortgage loans held-for-sale 25  2  29  7 
Other 11,550  15,779  45,466  48,896 
Total interest income 112,642  123,608  346,378  357,963 
Interest expense:
Repurchase agreements 123,552  129,298  355,982  350,599 
Revolving credit facilities 26,873  32,526  87,026  87,866 
Warehouse facilities 11  —  11  — 
Term notes payable —  6,634  12,426  22,516 
Convertible senior notes 4,495  4,636  13,693  14,164 
Total interest expense 154,931  173,094  469,138  475,145 
Net interest (expense) income
 $ (42,289) $ (49,486) $ (122,760) $ (117,182)