XML 63 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Debt Warehouse Facilities (Tables)
6 Months Ended
Jun. 30, 2023
Warehouse Facilities [Abstract]  
Schedule of Warehouse Facilities
Warehouse Facilities
June 30, 2023December 31, 2022
($ in millions)Outstanding BalanceMaximum CapacityOutstanding BalanceMaximum Capacity
Warehouse facilities:
BSBY(1) plus 1.30%, expires September 18, 2023
$397.2 700.0 215.7 700.0 
SOFR plus 1.30%, expires September 15, 2023
387.4 1,200.0 132.3 1,200.0 
SOFR plus 1.40%, expires July 28, 2023(2)
78.7 400.0 9.0 400.0 
Fannie Mae ASAP(3) program, SOFR plus 1.25%
78.7 n/a99.2 n/a
Gross warehouse facilities942.0 2,300.0 456.2 2,300.0 
Debt issuance costs(0.2)n/a(0.9)n/a
Total warehouse facilities$941.8 2,300.0 455.3 2,300.0 
(1) Bloomberg Short-Term Bank Yield Index rate ("BSBY")
(2) In July 2023, we extended the term of the Warehouse facility to July 26, 2024.
(3) As Soon As Pooled ("ASAP") funding program.