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Warehouse Receivables & Warehouse Lines of Credit (Tables)
 9 Months Ended
Sep. 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 loans7,610,859 
Gains (premiums on loan sales)19,611 
Proceeds from sale of mortgage loans:
Sale of mortgage loans(7,061,390)
Cash collections of premiums on loan sales(19,611)
Proceeds from sale of mortgage loans(7,081,001)
Net increase in mortgage servicing rights included in warehouse receivables5,836 
Ending balance at September 30, 2023$1,010,659 
Schedule of Warehouse Lines of Credit in Place
The following table is a summary of our warehouse lines of credit in place as of September 30, 2023 and December 31, 2022 (dollars in thousands):
September 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 $841,189 $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 — 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 55,697 650,000 — 
TD Bank, N.A. (TD Bank) (1)
7/15/2024
daily floating rate SOFR rate 1.30%, with a SOFR adjustment rate of 0.10%
600,000 24,532 800,000 — 
Bank of America, N.A. (BofA) (2)
5/22/2024
daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10%
350,000 72,701 350,000 115,206 
BofA (3)
5/22/2024
daily floating rate SOFR rate 1.25%, with a SOFR adjustment rate of 0.10%
250,000 — 250,000 — 
MUFG Union Bank, N.A. (Union Bank) (4)
— — 200,000 2,125 
$3,200,000 $994,119 $3,600,000 $447,840 
_______________________________
(1)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. As of September 30, 2023, the uncommitted $300.0 million temporary line of credit was not utilized.
(2)Effective September 1, 2023, this facility was amended with a downward revised interest rate of daily floating rate of SOFR plus 1.25%, with a SOFR adjustment rate of 0.10% and a maturity date of May 22, 2024.
(3)Effective September 1, 2023, this facility was amended with a downward revised interest rate of daily floating rate of SOFR plus 1.25%, 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.