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Warehouse Receivables & Warehouse Lines of Credit (Tables) | 3 Months Ended
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Mar. 31, 2020
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, 2019 |  | $ | 993,058 |
Origination of mortgage loans |  |  | 3,859,407 |
Gains (premiums on loan sales) |  |  | 16,294 |
Proceeds from sale of mortgage loans: |  |  |  |
Sale of mortgage loans |  |  | (3,579,337 | )
Cash collections of premiums on loan sales |  |  | (16,294 | )
Proceeds from sale of mortgage loans |  |  | (3,595,631 | )
Net increase in mortgage servicing rights included in warehouse receivables |  |  | 131 |
Ending balance at March 31, 2020 |  | $ | 1,273,259 |
Summary of Warehouse Lines of Credit in Place | The following table is a summary of our warehouse lines of credit in place as of March 31, 2020 and December 31, 2019 (dollars in thousands):
|  |  |  |  |  | March 31, 2020 |  |  | December 31, 2019 |
Lender |  | Current Maturity |  | Pricing |  | Maximum Facility Size |  |  | Carrying Value |  |  | Maximum Facility Size |  |  | Carrying Value |
JP Morgan Chase Bank, N.A. (JP Morgan) |  | 10/19/2020 |  | daily one-month LIBOR plus 1.30% |  | $ | 985,000 |  |  | $ | 814,604 |  |  | $ | 985,000 |  |  | $ | 267,075 |
JP Morgan |  | 10/19/2020 |  | daily one-month LIBOR plus 2.75% |  |  | 15,000 |  |  |  | 3,923 |  |  |  | 15,000 |  |  |  | — |
Capital One, N.A. (Capital One) |  | 7/27/2020 |  | daily one-month LIBOR plus 1.25% |  |  | 200,000 |  |  |  | 54,975 |  |  |  | 200,000 |  |  |  | 39,538 |
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 |  |  |  | 31,300 |  |  |  | 450,000 |  |  |  | 360,784 |
TD Bank, N.A. (TD Bank) |  | 6/30/2020 |  | daily one-month LIBOR plus 1.15% |  |  | 800,000 |  |  |  | 114,806 |  |  |  | 800,000 |  |  |  | 92,266 |
Bank of America, N.A. (BofA) |  | 5/27/2020 |  | daily one-month LIBOR plus 1.20% |  |  | 350,000 |  |  |  | 86,779 |  |  |  | 350,000 |  |  |  | 189,465 |
BofA |  | 5/27/2020 |  | daily one-month LIBOR plus 1.15% |  |  | 250,000 |  |  |  | — |  |  |  | 250,000 |  |  |  | 17,457 |
MUFG Union Bank, N.A. (Union Bank) (1) |  | 6/28/2020 |  | daily one-month LIBOR plus 1.20% |  |  | 350,000 |  |  |  | 152,445 |  |  |  | 350,000 |  |  |  | 10,590 |
|  |  |  |  |  | $ | 3,400,000 |  |  | $ | 1,258,832 |  |  | $ | 3,400,000 |  |  | $ | 977,175 |
(1) | 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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