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(5) Interest Income and Interest Expense
 9 Months Ended
Sep. 30, 2021
Interest Income (Expense), Net [Abstract]  
(5) Interest Income and Interest Expense

(5) Interest Income and Interest Expense

 

The following table presents the components of interest income: 

                    
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
   (In thousands)   (In thousands) 
Interest on finance receivables  $16,062   $29,753   $56,652   $101,333 
Interest on finance receivables at fair value   50,951    42,808    141,882    125,273 
Mark to finance receivables measured at fair value   –    (3,152)   (4,417)   (23,051)
Other interest income   5    21    17    665 
Interest income  $67,018   $69,430   $194,134   $204,220 

 

The following table presents the components of interest expense: 

                    
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
   (In thousands)   (In thousands) 
Securitization trust debt  $15,292   $21,605   $50,568   $67,770 
Warehouse lines of credit   929    1,856    3,264    6,294 
Residual interest financing   1,413    876    2,446    2,734 
Subordinated renewable notes   700    564    1,982    1,579 
Interest expense  $18,334   $24,901   $58,260   $78,377