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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of debt outstanding

Schedule of debt outstanding
								Amount Outstanding at
								December 31,				December 31,
								2024				2023
				Subordinate Lender				(In thousands)
Description		Interest Rate		Interest Rate		Maturity
Warehouse line of credit		2.85% over CP yield rate (Minimum 3.60%) 7.52% and 8.58% at December 31, 2024 and December 31 2023, respectively		6.40% over SOFR yield rate (Minimum 7.15%) 11.09% at December 31, 2024		July 2026		$	269,602			$	165,628
Warehouse line of credit		4.50% over a commercial paper rate (Minimum 7.50%) 8.90% and 9.63% at December 31 2024, and December 31 2023, respectively				March 2026			145,597				68,997
Residual interest financing		7.86%				June 2026			50,000				50,000
Residual interest financing		11.50%				March 2029			50,000				–
Subordinated renewable notes		Weighted average rate of 9.24% and 8.45% at December 31, 2024 and December 31, 2023, respectively				Weighted average maturity of December 2026 and February 2026 at December 31, 2024 and December 31, 2023, respectively			26,489				17,188
								$	541,688			$	301,813

Schedule of contractual and expected maturity amounts of our outstanding subordinated renewable

Schedule of contractual and expected maturity amounts of our outstanding subordinated renewable
		Subordinated
Contractual maturity		renewable
date		notes
			(In thousands)
2025		$	8,444
2026			5,284
2027			6,911
2028			4,648
2029			88
Thereafter			1,114
Total		$	26,489

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- References

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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.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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