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(4) Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of debt outstanding |
Schedule of debt outstanding |  |  |  |  |  |  | Amount Outstanding at |
|  |  |  |  |  |  | March |  |  | December 31, |
|  |  |  |  |  |  | 2021 |  |  | 2020 |
|  |  |  |  |  |  | (In thousands) |
Description |  | Interest Rate |  | Maturity |  |  |  |  |  |  |
Warehouse lines of credit |  | 5.50% over one month Libor (Minimum 6.50%) |  | N/A |  |  | $ | – |  |  | $ | 42,558 |
|  | 3.00% over one month Libor (Minimum 3.75%) |  | December 2022 |  |  |  | 44,956 |  |  |  | 45,689 |
|  | 4.00% over a commercial paper rate (Minimum 5.00%) |  | December 2021 |  |  |  | 27,300 |  |  |  | 32,265 |
Residual interest financing |  | 8.60% |  | January 2026 |  |  |  | 20,597 |  |  |  | 25,576 |
Subordinated renewable notes |  | Weighted average rate of 9.92% and 10.09% at March 31, 2021 and December 31, 2020, respectively |  | Weighted average maturity of March 2023 and January 2023 at March 31, 2021 and December 31, 2020, respectively |  |  |  | 23,740 |  |  |  | 21,323 |
|  |  |  |  |  |  | $ | 116,593 |  |  | $ | 167,411 |
As of December 31, 2020 we had short-term funding capacity of $300 million, comprising three credit facilities. We repaid the outstanding balance for the facility first established in April 2015 at its maturity date in February 2021 and elected not to renew it. As of March 31, 2021, our short-term funding capacity is $200 million, comprising two credit facilities. Unamortized debt issuance costs of $57,000 and $150,000 as of March 31, 2021 and December 31, 2020, respectively, have been excluded from the amount reported above for residual interest financing. Similarly, unamortized debt issuance costs of $1.2 million and $1.5 million as of March 31, 2021 and December 31, 2020, respectively, have been excluded from the Warehouse lines of credit amounts in the table above. These debt issuance costs are presented as a direct deduction to the carrying amount of the debt on our Unaudited Condensed Consolidated Balance Sheets.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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