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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events
22.  SUBSEQUENT EVENTS
 

In July 2020, the Company repurchased 4.8 million shares of its common stock for an aggregate amount of $31.3 million, excluding commission costs, under the Company’s stock repurchase program.
In July 2020, the Company completed and closed the securitization of residential mortgage loans, OBX 2020-EXP2 Trust, with a face value of $489.4 million. The securitization represented a financing transaction which provided non-recourse financing to the Company collateralized by residential mortgage loans purchased by the Company.
In July 2020, the Company entered into an additional credit facility for residential mortgage loans with a third party financial institution. The borrowing limit on this facility is $250 million.