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Debt Warehouse Facilities (Tables)
 9 Months Ended
Sep. 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, included in 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.
Nine Months Ended September 30,
(in millions)20252024
Origination of mortgage loans$(8,691.7)(6,130.5)
Proceeds from the sales of mortgage loans8,524.7 4,741.5 
Net increase in Warehouse facilities165.5 1,390.4 
The following table provides details regarding our Warehouse facilities lines of credit.
September 30, 2025December 31, 2024
($ in millions)Outstanding BalanceMaximum CapacityOutstanding BalanceMaximum Capacity
Warehouse facilities:
SOFR plus 1.40%, expires September 14, 2026(1)
$194.7 700.0 341.3 700.0 
SOFR plus 1.30%, expires September 11, 2026(1)
214.4 600.0 416.5 2,100.0 
SOFR plus 1.40%, expires October 23, 2025(2)
507.4 1,100.0 8.8 400.0 
Fannie Mae ASAP(3) program, SOFR plus 1.25%
91.1 n/a75.3 n/a
Gross warehouse facilities1,007.6 2,400.0 841.9 3,200.0 
Debt issuance costs(1.1)n/a(0.9)n/a
Total warehouse facilities$1,006.5 2,400.0 841.0 3,200.0 
(1) Warehouse facility has been amended since prior periods. Refer to our previous filings for specific terms of agreements.
(2) In October 2025, we extended the term of the Warehouse facility to October 22, 2026.
(3) As Soon As Pooled ("ASAP") funding program