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Warehouse Receivables & Warehouse Lines of Credit | 12 Months Ended
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Dec. 31, 2018
Warehouse Receivables And Warehouse Lines Of Credit [Abstract] |
Warehouse Receivables & Warehouse Lines of Credit |
5. | Warehouse Receivables & Warehouse Lines of Credit
A rollforward of our warehouse receivables is as follows (dollars in thousands):
Beginning balance at December 31, 2017 |  | $ | 928,038 |
Origination of mortgage loans |  |  | 20,591,602 |
Gains (premiums on loan sales) |  |  | 56,000 |
Proceeds from sale of mortgage loans: |  |  |  |
Sale of mortgage loans |  |  | (20,174,676 | )
Cash collections of premiums on loan sales |  |  | (56,000 | )
Proceeds from sale of mortgage loans |  |  | (20,230,676 | )
Net decrease in mortgage servicing rights included in warehouse receivables |  |  | (2,496 | )
Ending balance at December 31, 2018 |  | $ | 1,342,468 |
The following table is a summary of our warehouse lines of credit in place as of December 31, 2018 and 2017 (dollars in thousands):
|  |  |  |  |  | December 31, 2018 |  |  | December 31, 2017 |
Lender |  | Current Maturity |  | Pricing |  | Maximum Facility Size |  |  | Carrying Value |  |  | Maximum Facility Size |  |  | Carrying Value |
JP Morgan Chase Bank, N.A. (JP Morgan) |  | 10/21/2019 |  | daily one-month LIBOR plus 1.30% |  | $ | 985,000 |  |  | $ | 871,680 |  |  | $ | 1,000,000 |  |  | $ | 192,180 |
JP Morgan |  | 10/21/2019 |  | daily one-month LIBOR plus 2.75% |  |  | 15,000 |  |  |  | — |  |  |  | 25,000 |  |  |  | 5,800 |
Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program |  | Cancelable anytime |  | daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% |  |  | 450,000 |  |  |  | 149,089 |  |  |  | 450,000 |  |  |  | 205,827 |
TD Bank, N.A. (TD Bank) (1) |  | 6/30/2019 |  | daily one-month LIBOR plus 1.20% |  |  | 400,000 |  |  |  | 165,945 |  |  |  | 800,000 |  |  |  | 225,416 |
Bank of America, N.A. (BofA) (2) |  | 6/4/2019 |  | daily one-month LIBOR plus 1.30% |  |  | 425,000 |  |  |  | 21,852 |  |  |  | 337,500 |  |  |  | 130,443 |
Capital One, N.A. (Capital One) (3) |  | 7/27/2019 |  | daily one-month LIBOR plus 1.35% |  |  | 325,000 |  |  |  | 120,195 |  |  |  | 387,500 |  |  |  | 151,100 |
|  |  |  |  |  | $ | 2,600,000 |  |  | $ | 1,328,761 |  |  | $ | 3,000,000 |  |  | $ | 910,766 |
(1) | Line was temporarily increased from $400.0 million to $800.0 million to accommodate 2017 year-end volume. Maximum facility reverted to $400.0 million on February 1, 2018.
(2) | Line was temporarily increased from $225.0 million to $337.5 million to accommodate 2017 year-end volume. Maximum facility reverted back to $225.0 million on January 27, 2018. During 2018, an additional $200.0 million line of credit was added.
(3) | Line was temporarily increased from $200.0 million to $387.5 million to accommodate 2017 year-end volume. Maximum facility reverted back to $200.0 million on January 9, 2018. During 2018, the maximum facility size was increased to $325.0 million.
During the year ended December 31, 2018, we had a maximum of $2.8 billion of warehouse lines of credit principal outstanding.

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