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FAIR VALUE DISCLOSURES (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Summary of Carrying Value and Fair Value of Financial Instruments The carrying value and fair value of our financial instruments are as follows:
  June 30, 2021December 31, 2020
(Dollars in thousands)Level in Fair
Value Hierarchy
Carrying
Value
Estimated
Fair
Value
Carrying
Value
Estimated
Fair
Value
Description:
Mortgage loans held for sale2$277,017 $277,017 $201,177 $201,177 
IRLCs33,687 3,687 5,294 5,294 
MBSs2(11)(11)(1,847)(1,847)
Mortgage warehouse borrowings2215,230 215,230 127,289 127,289 
Loans payable and other borrowings2415,074 415,074 348,741 348,741 
5.875% Senior Notes due 2023 (1)
2348,984 373,660 348,700 371,000 
5.625% Senior Notes due 2024 (1)
2348,565 379,295 348,295 375,830 
5.875% Senior Notes due 2027 (1)
2495,365 565,650 494,974 566,650 
6.625% Senior Notes due 2027 (1)
2319,317 321,000 320,915 324,240 
5.75% Senior Notes due 2028(1)
2445,870 508,050 445,555 509,625 
5.125% Senior Notes due 2030(1)
2494,243 540,650 493,926 560,000 
(1) Carrying value for Senior Notes, as presented, includes unamortized debt issuance costs and premiums. Debt issuance costs are not factored into the fair value calculation for the Senior Notes.
Fair Value of Assets Measured on a Nonrecurring Basis The following table presents the fair value for our inventories measured at fair value on a nonrecurring basis:
(Dollars in thousands)For the Year Ended December 31,
Description:Level in
Fair Value
Hierarchy
2020
Inventories 3$22,556