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Debt Warehouse Facilities (Tables) | 6 Months Ended
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Jun. 30, 2025
Warehouse Facilities [Abstract] |
Schedule of Warehouse Facilities | Warehouse Facilities We maintain our Warehouse facilities with third-party lenders for the purpose of funding mortgage loans that will be resold (Warehouse receivables). The following table shows our gross cash activity related to Warehouse receivables as well as the corresponding, and largely offsetting, net change of our Warehouse facilities. This activity, in aggregate, is reflected as net cash flows from operating activities in our Consolidated Statements of Cash Flows.
| Six Months Ended June 30,
(in millions) | 2025 | 2024
Origination of mortgage loans | $ | (4,324.9) |  | (3,021.1) |
Proceeds from the sales of mortgage loans | 3,938.4 |  | 3,035.1 |
Net increase (decrease) in Warehouse facilities | 382.5 |  | (7.2) |
The following table provides details regarding our Warehouse facilities lines of credit.
| June 30, 2025 |  | December 31, 2024
($ in millions) | Outstanding Balance | Maximum Capacity |  | Outstanding Balance | Maximum Capacity
Warehouse facilities: |  |  |  |  |
SOFR plus 1.40%, expires September 15, 2025 | $ | 185.5 |  | 700.0 |  |  | 341.3 |  | 700.0 |
SOFR plus 1.30%, expires September 13, 2025 | 583.7 |  | 1,200.0 |  |  | 416.5 |  | 2,100.0 |
SOFR plus 1.40%, expires October 23, 2025(1) | 379.8 |  | 1,900.0 |  |  | 8.8 |  | 400.0 |
Fannie Mae ASAP(2) program, SOFR plus 1.25% | 74.7 |  | n/a |  | 75.3 |  | n/a
Gross warehouse facilities | 1,223.7 |  | 3,800.0 |  |  | 841.9 |  | 3,200.0 |
Debt issuance costs | (0.2) |  | n/a |  | (0.9) |  | n/a
Total warehouse facilities | $ | 1,223.5 |  | 3,800.0 |  |  | 841.0 |  | 3,200.0 |
(1) In the second quarter of 2025, JLL temporarily increased the maximum borrowing capacity of the facility from $400.0 million to $1,900.0 million, with an expiration date of August 29, 2025. After August 29, 2025 the maximum capacity will revert to the original amount. (2) As Soon As Pooled ("ASAP") funding program

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- Definition Warehouse Facilities [Abstract] + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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