XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.1
Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Details) - USD ($)
3 Months Ended
Oct. 17, 2022
Jul. 15, 2022
Jun. 27, 2022
May 25, 2022
Mar. 31, 2023
Dec. 31, 2022
Oct. 18, 2021
Jul. 01, 2020
Short-term Debt [Line Items]                
Carrying Value         $ 782,637,000 $ 447,840,000    
Revolving credit facility         1,209,000,000 178,000,000    
Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)       0.10%        
Warehouse Agreement Borrowings                
Short-term Debt [Line Items]                
Maximum Facility Size         3,600,000,000 3,600,000,000    
Carrying Value         782,637,000 447,840,000    
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing                
Short-term Debt [Line Items]                
Variable rate (as a percent) 1.60%              
Maximum Facility Size         1,335,000,000 1,335,000,000 $ 1,350,000,000  
Carrying Value         $ 580,133,000 330,509,000    
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap                
Short-term Debt [Line Items]                
Variable rate (as a percent) 0.05%       1.60%      
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)         0.05%      
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Sublimit Borrowing Agreement                
Short-term Debt [Line Items]                
Variable rate (as a percent) 2.75%              
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Sublimit Borrowing Agreement | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent) 0.05%              
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing                
Short-term Debt [Line Items]                
Maximum Facility Size         $ 15,000,000 15,000,000    
Carrying Value         $ 0 0    
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap                
Short-term Debt [Line Items]                
Variable rate (as a percent)         2.75%      
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)         0.05%      
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing                
Short-term Debt [Line Items]                
Maximum Facility Size         $ 650,000,000 650,000,000    
Carrying Value         $ 15,393,000 0    
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing | London Interbank Offered Rate (LIBOR) | Maximum                
Short-term Debt [Line Items]                
Variable rate (as a percent)         1.45%      
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing | London Interbank Offered Rate (LIBOR) | Minimum                
Short-term Debt [Line Items]                
Variable rate (as a percent)         0.25%      
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing                
Short-term Debt [Line Items]                
Maximum Facility Size         $ 800,000,000 800,000,000   $ 400,000,000
Carrying Value         22,701,000 0    
Revolving credit facility         $ 400,000,000      
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap                
Short-term Debt [Line Items]                
Variable rate (as a percent)   1.30%     1.30%      
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)   0.10%     0.10%      
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing                
Short-term Debt [Line Items]                
Maximum Facility Size       $ 350,000,000 $ 350,000,000 350,000,000    
Carrying Value         $ 163,308,000 115,206,000    
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap                
Short-term Debt [Line Items]                
Variable rate (as a percent)         1.25%      
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)         0.10%      
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | London Interbank Offered Rate (LIBOR)                
Short-term Debt [Line Items]                
Variable rate (as a percent)       1.25%        
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Sublimit Borrowing Agreement                
Short-term Debt [Line Items]                
Maximum Facility Size       $ 100,000,000        
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Sublimit Borrowing Agreement | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)       0.10%        
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Sublimit Borrowing Agreement | Secured Overnight Financing Rate (SOFR)                
Short-term Debt [Line Items]                
Variable rate (as a percent)       1.75%        
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing                
Short-term Debt [Line Items]                
Maximum Facility Size       $ 250,000,000 $ 250,000,000 250,000,000    
Carrying Value         $ 0 0    
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap                
Short-term Debt [Line Items]                
Variable rate (as a percent)       1.25% 1.25%      
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR) Adjustment                
Short-term Debt [Line Items]                
Variable rate (as a percent)         0.10%      
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank)                
Short-term Debt [Line Items]                
Maximum Facility Size     $ 200,000,000          
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing                
Short-term Debt [Line Items]                
Maximum Facility Size         $ 200,000,000 200,000,000    
Carrying Value         $ 1,102,000 $ 2,125,000    
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap                
Short-term Debt [Line Items]                
Variable rate (as a percent)         1.30%      
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing | Secured Overnight Financing Rate (SOFR)                
Short-term Debt [Line Items]                
Variable rate (as a percent)     1.30%