XML 47 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Detail)
3 Months Ended
Mar. 31, 2021
USD ($)
Jan. 18, 2021
USD ($)
Dec. 31, 2020
USD ($)
Nov. 02, 2020
USD ($)
Oct. 19, 2020
USD ($)
Sep. 22, 2020
USD ($)
Sep. 21, 2020
USD ($)
Aug. 04, 2020
USD ($)
Jul. 01, 2020
USD ($)
Jun. 10, 2020
USD ($)
Jun. 28, 2019
USD ($)
borrowing
Short-term Debt [Line Items]                      
Carrying Value $ 675,473,000   $ 1,383,964,000                
Warehouse Agreement Borrowings                      
Short-term Debt [Line Items]                      
Maximum Facility Size 3,000,000,000   3,500,000,000                
Carrying Value 675,473,000   1,383,964,000                
Warehouse Agreement Borrowings | JP Morgan | Pricing at daily floating rate LIBOR plus 1.30%, maturing October 19, 2020                      
Short-term Debt [Line Items]                      
Maximum Facility Size 985,000,000 $ 985,000,000.0 1,585,000,000   $ 1,585,000,000.0            
Carrying Value $ 370,054,000   561,726,000                
Line of credit over LIBOR rate 1.60%                    
Warehouse Agreement Borrowings | JP Morgan | Pricing at daily floating rate LIBOR plus 2.75%, maturing October 19, 2020                      
Short-term Debt [Line Items]                      
Maximum Facility Size $ 15,000,000   15,000,000                
Carrying Value $ 899,000   0                
Line of credit over LIBOR rate 2.75%                    
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, Cancelable anytime                      
Short-term Debt [Line Items]                      
Maximum Facility Size $ 650,000,000   450,000,000                
Carrying Value $ 85,530,000   132,692,000                
Line of credit over LIBOR rate 1.45%                    
Line of credit, LIBOR floor rate 0.25%                    
Warehouse Agreement Borrowings | TD Bank | Pricing at daily floating rate LIBOR plus 1.15%, maturing June 30, 2021                      
Short-term Debt [Line Items]                      
Maximum Facility Size $ 800,000,000   800,000,000           $ 400,000,000.0    
Carrying Value $ 94,164,000   401,849,000                
Line of credit over LIBOR rate 1.15%                    
Revolving credit facility             $ 400,000,000.0        
Warehouse Agreement Borrowings | Bank of America (BofA) | LIBOR daily floating rate plus 1.50% on general facility and LIBOR daily floating rate plus 1.75% on separate sublimit borrowing, maturing on May 26, 2021                      
Short-term Debt [Line Items]                      
Maximum Facility Size $ 350,000,000   350,000,000             $ 350,000,000.0  
Carrying Value 89,949,000   175,862,000                
Warehouse Agreement Borrowings | Bank of America (BofA) | LIBOR daily floating rate plus 1.50% on general facility and LIBOR daily floating rate plus 1.75% on separate sublimit borrowing, maturing on May 26, 2021 | Sublimit Borrowing Agreement                      
Short-term Debt [Line Items]                      
Maximum Facility Size                   $ 100,000,000.0  
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | Pricing at daily floating rate LIBOR plus 1.20%, maturing June 28, 2020                      
Short-term Debt [Line Items]                      
Maximum Facility Size 200,000,000   300,000,000 $ 650,000,000.0             $ 200,000,000.0
Carrying Value $ 34,877,000   $ 111,835,000                
Line of credit over LIBOR rate 1.50%                    
Line of credit, LIBOR floor rate 0.25%                    
Additional line of credit               $ 100,000,000.0     $ 150,000,000.0
Maximum number of additional borrowings within 12 consecutive months | borrowing                     3
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | Pricing at daily floating rate LIBOR plus 1.20%, maturing June 28, 2020 | Maximum                      
Short-term Debt [Line Items]                      
Revolving credit facility           $ 100,000,000.0