XML 56 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1
WAREHOUSE AND OTHER LINES OF CREDIT (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents information on warehouse and other lines of credit and the outstanding balance as of December 31, 2023 and 2022:
Outstanding Balance
Committed
Amount		Uncommitted
Amount		Total
Facility
Amount		Expiration
Date		December 31,
2023		December 31,
2022
Facility 1(1)
$400,000 $350,000 $750,000 10/25/2024$391,418 $382,098 
Facility 2(2)
1,000 299,000 300,000 9/23/2024155,676 236,144 
Facility 3— 300,000 300,000 4/16/2024175,348 177,900 
Facility 4— 175,000 175,000 12/26/2024127,052 202,548 
Facility 5(2)
— 200,000 200,000 N/A1,638 — 
Facility 6(2)
— 600,000 600,000 9/27/2024359,401 180,273 
Facility 7— — — 11/1/2023— 295,064 
Facility 8— 300,000 300,000 9/20/2024236,524 172,575 
Facility 9(3)
500,000 — 500,000 10/21/2024500,000 500,000 
Total $901,000 $2,224,000 $3,125,000 $1,947,057 $2,146,602 
(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 addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date.
(3)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 and other lines of credit:
Year Ended December 31,
202320222021
Maximum outstanding balance during the period$2,280,996 $7,672,559 $9,180,276 
Average balance outstanding during the period1,704,717 4,127,822 8,149,855 
Collateral pledged (loans held for sale)2,065,878 2,214,656 7,815,347 
Weighted average interest rate during the period7.04 %2.97 %2.21 %