Warehouse Lines of Credit (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Lines of Credit

The Company had the following warehouse lines of credit with financial institutions as of December 31, 2021 and December 31, 2020, respectively, (in thousands):

Warehouse Lines of Credit 1	Date of Initial Agreement With Warehouse Lender	Current Agreement Expiration Date	December 31, 2021		December 31, 2020
Master Repurchase Agreement ("MRA") Funding:
$150 Million	2/29/2012	5/24/2022	$	144,534	$	140,237
$200 Million	3/30/2018	9/5/2022	197,976		198,705
$400 Million	8/21/2012	10/20/2022	372,895		248,947
$300 Million	8/19/2016	11/9/2022	280,637		249,006
$250 Million	2/26/2016	12/22/2022	192,614		86,928
$1 Billion	7/10/2012	1/9/2023	963,495		769,510
$3.5 Billion	12/31/2014	2/22/2023	3,349,395		1,344,851
$1.3 Billion2	3/7/2019	2/22/2023	1,230,017		666,891
$1 Billion	4/23/2021	4/23/2023	755,539		—
$2 Billion	10/30/2020	5/26/2023	1,163,447		1,179
$4.5 Billion3	5/9/2019	7/28/2023	4,482,245		1,685,138
$700 Million	7/24/2020	8/30/2023	673,471		365,577
$1.5 Billion	9/8/2020	9/18/2023	913,247		209,138
$400 Million4	4/1/2013	6/23/2021	—		287,073
$2 Billion4	8/17/2010	7/1/2021	—		499,841
$150 Million4	3/9/2009	9/19/2021	—		112,429
Early Funding:
$600 Million (ASAP + - see below)		No expiration	516,889		75,947
$750 Million (EF - see below)		No expiration	718,537		—
			$	15,954,938	$	6,941,397
All interest rates are variable based on a spread to the one-month LIBOR rate.

1 An aggregate of $251.0 million of these line amounts is committed as of December 31, 2021.

2 $750 million of available credit under this warehouse line of credit agreement was temporary and expired in early 2022.

3 $500 million of available credit under this warehouse line of credit agreement was temporary and expired in early 2022.

4 This warehouse line of credit agreement expired pursuant to its terms prior to December 31, 2021.