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Warehouse Receivables & Warehouse Lines of Credit (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2022$455,354 
Origination of mortgage loans4,893,898 
Gains (premiums on loan sales)12,185 
Proceeds from sale of mortgage loans:
Sale of mortgage loans(4,344,263)
Cash collections of premiums on loan sales(12,185)
Proceeds from sale of mortgage loans(4,356,448)
Net increase in mortgage servicing rights included in warehouse receivables4,781 
Ending balance at June 30, 2023$1,009,770 
Schedule of Warehouse Lines of Credit in Place he following table is a summary of our warehouse lines of credit in place as of June 30, 2023 and December 31, 2022 (dollars in thousands):
June 30, 2023December 31, 2022
LenderCurrent
Maturity		PricingMaximum
Facility
Size		Carrying
Value		Maximum
Facility
Size		Carrying
Value
JP Morgan Chase Bank, N.A. (JP Morgan)12/15/2023
daily floating rate Secured Overnight Financing Rate (SOFR) rate plus 1.60%, with a SOFR adjustment rate of 0.05%
$1,335,000 $721,573 $1,335,000 $330,509 
JP Morgan (Business Lending Activity)12/15/2023
daily floating rate SOFR rate plus 2.75%, with a SOFR adjustment rate of 0.05%
15,000 1,520 15,000 — 
Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) ProgramCancelable
anytime
daily one-month LIBOR plus 1.45%, with a LIBOR floor
of 0.25%
650,000 16,295 650,000 — 
TD Bank, N.A. (TD Bank) (1)
7/15/2023
daily floating rate SOFR rate 1.30%, with a SOFR adjustment rate of 0.10%
800,000 59,516 800,000 — 
Bank of America, N.A. (BofA) (2)
5/22/2024
daily floating rate SOFR rate plus 1.35%, with a SOFR adjustment rate of 0.10%
350,000 198,331 350,000 115,206 
BofA (3)
5/22/2024
daily floating rate SOFR rate 1.35%, with a SOFR adjustment rate of 0.10%
250,000 — 250,000 — 
MUFG Union Bank, N.A. (Union Bank) (4)
— — 200,000 2,125 
$3,400,000 $997,235 $3,600,000 $447,840 
_______________________________
(1)Effective July 1, 2020, this facility was amended and provides for a maximum aggregate principal amount of $400.0 million, in addition to an uncommitted $400.0 million temporary line of credit. Effective July 15, 2022, this facility was amended with a revised interest rate of daily floating rate SOFR rate plus 1.30%, with a SOFR adjustment rate of 0.10% and a maturity date of July 15, 2023. Effective July 15, 2023, this facility was renewed and amended to a maximum aggregate principal amount of $300.0 million, with an uncommitted $300.0 million temporary line of credit and a maturity date of July 15, 2024. There were no changes to the SOFR rate or the SOFR adjustment rate at renewal. As of June 30, 2023, the uncommitted $400.0 million temporary line of credit was not utilized.
(2)Effective May 24, 2023, this facility was renewed with a revised interest rate of daily floating rate SOFR plus 1.35%, with a SOFR adjustment rate of 0.10% and a maturity date of May 22, 2024.
(3)Effective May 24, 2023, the advised consent line was renewed for $250.0 million of capacity with a revised interest rate of daily floating rate SOFR plus 1.35%, with a SOFR adjustment rate of 0.10%, and a maturity date of May 22, 2024.
(4)This facility expired on June 27, 2023, and was not renewed.