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DEBT - (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Summary of Senior Notes and Other Borrowings
Total debt consists of the following (in thousands):
 
 
As of
 
 
September 30, 2019
 
December 31, 2018
 
 
Principal
 
Unamortized Debt Issuance (Costs)
 
Carrying Value
 
Principal
 
Unamortized Debt Issuance (Costs) / Premium
 
Carrying Value
5.25% Senior Notes due 2021
 
$

 
$

 
$

 
$
550,000

 
$
(2,695
)
 
$
547,305

6.625% Senior Notes due 2022
 

 

 

 
400,000

 
11,656

 
411,656

5.875% Senior Notes due 2023
 
350,000

 
(2,009
)
 
347,991

 
350,000

 
(2,434
)
 
347,566

5.625% Senior Notes due 2024
 
350,000

 
(2,378
)
 
347,622

 
350,000

 
(2,781
)
 
347,219

5.875% Senior Notes due 2027
 
500,000

 
(6,131
)
 
493,869

 

 

 

5.75% Senior Notes due 2028
 
450,000

 
(5,306
)
 
444,694

 

 

 

Senior Notes subtotal
 
1,650,000

 
(15,824
)
 
1,634,176

 
1,650,000

 
3,746

 
1,653,746

Loans payable and other borrowings
 
225,203

 

 
225,203

 
225,497

 

 
225,497

Revolving Credit Facility
 

 

 

 

 

 

364-Day Credit Agreement
 
200,000

 

 
200,000

 
200,000

 

 
200,000

Mortgage warehouse borrowings
 
56,051

 

 
56,051

 
130,353

 

 
130,353

Total Senior Notes and other financing
 
$
2,131,254

 
$
(15,824
)
 
$
2,115,430

 
$
2,205,850

 
$
3,746

 
$
2,209,596



Summary of Mortgage Subsidiary Borrowings
The following is a summary of our mortgage warehouse borrowings (in thousands):

 
 
As of September 30, 2019
Facility
 
Amount Drawn
 
Facility Amount
 
Interest Rate
 
Expiration Date
 
Collateral (1)
Warehouse A
 
$
13,962

 
$
45,000

 
LIBOR + 1.75%
 
On Demand
 
Mortgage Loans
Warehouse B
 
$
18,899

 
$
50,000

 
LIBOR + 1.75%
 
On Demand
 
Mortgage Loans
Warehouse C
 
$
23,190

 
$
75,000

 
LIBOR + 1.95%
 
On Demand
 
Mortgage Loans and Restricted Cash
Total
 
$
56,051

 
$
170,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
Facility
 
Amount Drawn
 
Facility Amount
 
Interest Rate
 
Expiration Date
 
Collateral (1)
Warehouse A
 
$
29,484

 
$
45,000

 
LIBOR + 1.75%
 
On Demand
 
Mortgage Loans
Warehouse B
 
38,164

 
85,000

 
LIBOR + 1.75%
 
On Demand
 
Mortgage Loans
Warehouse C
 
62,705

 
100,000

 
LIBOR + 1.95%
 
On Demand
 
Mortgage Loans and Restricted Cash
Total
 
$
130,353

 
$
230,000

 
 
 
(1) The mortgage warehouse borrowings outstanding as of September 30, 2019 and December 31, 2018 were collateralized by a) $108.6 million and $181.9 million, respectively, of mortgage loans held for sale, which comprised the balance of mortgage loans held for sale and b) approximately $1.1 million and $1.6 million, respectively, of cash which are included in restricted cash in the accompanying Condensed Consolidated Balance Sheets.