Securitizations Net (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transfers and Servicing [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Outstanding Balance Net of Discounts and Deals Costs of Securities and Effective Interest Rate | The following table summarizes the outstanding balance, net of discounts and deal costs, of the securities and the effective interest rate for the nine months ended September 30, 2022 and 2021 ($ in thousands):
(1)
Represents annualized interest expense divided by average gross outstanding balance and includes average rate of 3.59% and debt issuance cost amortization of 0.71% and average rate of 3.97% and debt issuance cost amortization of 0.71% for the nine months ended September 30, 2022 and 2021, respectively. |
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