XML 46 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1
Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In January 2022, the Company completed a securitization of residential loans, resulting in approximately $286.3 million in net proceeds to the Company after deducting estimated expenses associated with the transaction. The Company utilized the net proceeds to repay approximately $195.6 million on an outstanding repurchase agreement related to residential loans.

In January 2022, the Company redeemed the Convertible Notes at maturity for $138.0 million. None of the Convertible Notes were converted prior to maturity.

In February 2022, the Company's Board of Directors authorized a share repurchase program for up to $200.0 million of the Company's common stock.

In February 2022, the Company completed a securitization of business purpose loans, resulting in approximately $223.5 million in net proceeds to the Company after deducting estimated expenses associated with the transaction. The Company utilized the net proceeds to repay approximately $121.1 million on an outstanding repurchase agreement related to business purpose loans.