XML 51 R39.htm IDEA: XBRL DOCUMENT v3.23.2
Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Details) - USD ($)
6 Months Ended
Jul. 15, 2023
May 25, 2022
Jun. 30, 2023
Dec. 31, 2022
Jul. 01, 2020
Short-term Debt [Line Items]          
Carrying Value     $ 997,235,000 $ 447,840,000  
Revolving credit facility     583,000,000 178,000,000  
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     3,400,000,000 3,600,000,000  
Carrying Value     997,235,000 447,840,000  
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing          
Short-term Debt [Line Items]          
Maximum Facility Size     1,335,000,000 1,335,000,000  
Carrying Value     $ 721,573,000 330,509,000  
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)     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, Pricing          
Short-term Debt [Line Items]          
Maximum Facility Size     $ 15,000,000 15,000,000  
Carrying Value     $ 1,520,000 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     $ 16,295,000 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     59,516,000 0  
Revolving credit facility     $ 400,000,000   $ 400,000,000
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Subsequent Event          
Short-term Debt [Line Items]          
Maximum Facility Size $ 300,000,000        
Revolving credit facility $ 300,000,000        
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%    
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap | Subsequent Event          
Short-term Debt [Line Items]          
Variable rate (as a percent) 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%    
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment | Subsequent Event          
Short-term Debt [Line Items]          
Variable rate (as a percent) 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  
Carrying Value     $ 198,331,000 115,206,000  
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)     1.35%    
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)   1.35%      
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) | 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)   1.35% 1.35%    
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) | MUFG Union Bank, N.A. (Union Bank), Pricing          
Short-term Debt [Line Items]          
Maximum Facility Size     $ 0 200,000,000  
Carrying Value     $ 0 $ 2,125,000