WAREHOUSE AND OTHER LINES OF CREDIT (Tables)

9 Months Ended

Sep. 30, 2021

The following table presents certain information on warehouse borrowings:


								Outstanding Balance
	Committed Amount		Uncommitted Amount		Total Facility Amount		Expiration Date	September 30, 2021		December 31, 2020
Facility 1(1) (2)	$	1,000,000	$	500,000	$	1,500,000	10/29/2021	$	1,327,881	$	1,665,005
Facility 2(3)	—		600,000		600,000		9/26/2022	378,870		226,891
Facility 3	—		500,000		500,000		4/19/2022	341,899		206,863
Facility 4(4)	100,000		300,000		400,000		10/6/2021	262,104		335,096
Facility 5(3)	—		200,000		200,000		N/A	244		—
Facility 6(3)(5)	100,000		1,000,000		1,100,000		10/11/2021	989,433		626,741
Facility 7(6)	750,000		1,250,000		2,000,000		5/5/2023	1,555,688		919,068
Facility 8(7)	—		—		—		5/14/2021	—		300,000
Facility 9(7)	300,000		—		300,000		10/23/2021	300,000		299,803
Facility 10	—		850,000		850,000		N/A	365,145		358,761
Facility 11(8)	600,000		—		600,000		10/25/2022	600,000		600,000
Facility 12(8)	500,000		—		500,000		12/17/2023	499,544		500,000
Facility 13	—		1,000,000		1,000,000		9/23/2022	386,920		259,247
Facility 14(7)	—		—		—		2/10/2021	—		279,954

Facility 15(8)	500,000		—		500,000		2/2/2024	500,000		—
Facility 16(8)	500,000		—		500,000		4/23/2024	500,000		—
Facility 17	—		500,000		500,000		9/22/2022	204,414		—
Total	$	4,350,000	$	6,700,000	$	11,050,000		$	8,212,142	$	6,577,429

(1)The total facility is available both to fund loan originations and also provide liquidity under a gestation facility to finance recently sold MBS up to the MBS settlement date.

(2)In October 2021, this facility was extended to mature in October 2022.

(3)In addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date.

(4)In October 2021, this facility was extended to mature in November 2021.

(5)In October 2021, this facility was extended to mature in December 2021.

(6)In addition to the outstanding balance secured by mortgage loans, the Company has $15.0 million outstanding to finance servicing rights included within debt obligations in the consolidated balance sheets.

(7)This facility expired.

(8)Securitization backed by a revolving warehouse facility to finance newly originated first-lien fixed and adjustable rate mortgage loans.

The following table presents certain information on warehouse borrowings:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Maximum outstanding balance during the period	$	9,078,257		$	4,622,250		$	9,180,276		$	4,622,250
Average balance outstanding during the period	8,515,189			3,633,792			8,066,303			3,433,434
Collateral pledged (loans held for sale)	8,675,750			4,805,413			8,675,750			4,805,413
Weighted average interest rate during the period	2.22		%	2.41		%	2.25		%	2.65		%