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Warehouse Receivables & Warehouse Lines of Credit (Tables) | 12 Months Ended
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Dec. 31, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Abstract] |
Schedule of Warehouse Receivables | A rollforward of our warehouse receivables is as follows (dollars in thousands):
Beginning balance at December 31, 2018 |  | $ | 1,342,468 |
Origination of mortgage loans |  |  | 19,389,979 |
Gains (premiums on loan sales) |  |  | 64,002 |
Proceeds from sale of mortgage loans: |  |  |  |
Sale of mortgage loans |  |  | (19,741,058 | )
Cash collections of premiums on loan sales |  |  | (64,002 | )
Proceeds from sale of mortgage loans |  |  | (19,805,060 | )
Net increase in mortgage servicing rights included in warehouse receivables |  |  | 1,669 |
Ending balance at December 31, 2019 |  | $ | 993,058 |
Summary of Warehouse Lines of Credit in Place | The following table is a summary of our warehouse lines of credit in place as of December 31, 2019 and 2018 (dollars in thousands):
|  |  |  |  |  | December 31, 2019 |  |  | December 31, 2018 |
Lender |  | Current Maturity |  | Pricing |  | Maximum Facility Size |  |  | Carrying Value |  |  | Maximum Facility Size |  |  | Carrying Value |
JP Morgan Chase Bank, N.A. (JP Morgan) (1) |  | 10/19/2020 |  | daily one-month LIBOR plus 1.30% |  | $ | 985,000 |  |  | $ | 267,075 |  |  | $ | 985,000 |  |  | $ | 871,680 |
JP Morgan (1) |  | 10/19/2020 |  | daily one-month LIBOR plus 2.75% |  |  | 15,000 |  |  |  | — |  |  |  | 15,000 |  |  |  | — |
Capital One, N.A. (Capital One) |  | 7/27/2020 |  | daily one-month LIBOR plus 1.25% |  |  | 200,000 |  |  | $ | 39,538 |  |  |  | 325,000 |  |  |  | 120,195 |
Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (2) |  | Cancelable anytime |  | daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% |  |  | 450,000 |  |  |  | 360,784 |  |  |  | 450,000 |  |  |  | 149,089 |
TD Bank, N.A. (TD Bank) (3) |  | 6/30/2020 |  | daily one-month LIBOR plus 1.15% |  |  | 800,000 |  |  |  | 92,266 |  |  |  | 400,000 |  |  |  | 165,945 |
Bank of America, N.A. (BofA) |  | 5/27/2020 |  | daily one-month LIBOR plus 1.20% |  |  | 350,000 |  |  |  | 189,465 |  |  |  | — |  |  |  | — |
BofA |  | 5/27/2020 |  | daily one-month LIBOR plus 1.15% |  |  | 250,000 |  |  |  | 17,457 |  |  |  | 200,000 |  |  |  | — |
BofA |  | 6/4/2019 |  | daily one-month LIBOR plus 1.30% |  |  | — |  |  |  | — |  |  |  | 225,000 |  |  |  | 21,852 |
MUFG Union Bank, N.A. (Union Bank) (4) |  | 6/28/2020 |  | daily one-month LIBOR plus 1.20% |  |  | 350,000 |  |  |  | 10,590 |  |  |  | — |  |  |  | — |
|  |  |  |  |  | $ | 3,400,000 |  |  | $ | 977,175 |  |  | $ | 2,600,000 |  |  | $ | 1,328,761 |
(1) | Effective October 21, 2019, we amended this facility which extended the maturity date until October 19, 2020.
(2) | Effective February 6, 2020, the maximum facility size was temporarily increased from $450.0 million to $600.0 million, and will revert back to $450.0 million on March 1, 2020.
(3) | Effective July 1, 2019, this facility was amended with a revised interest rate of daily one-month LIBOR plus 1.15% and a maturity date of June 30, 2020. Effective August 1, 2019, this facility contained an accordion feature which provided for a temporary increase to $800.0 million, if needed, and expired on February 1, 2020. The temporary increase was never requested.
(4) | On June 28, 2019, we added a new warehouse facility for $200.0 million with Union Bank. This facility contains an accordion feature which allows for temporary increases not to exceed an additional $150.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than three times within twelve consecutive months. Since inception, no short-term temporary increases have been requested.

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- Definition Schedule of warehouse receivables rollforward. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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