XML 85 R70.htm IDEA: XBRL DOCUMENT v3.24.0.1
Debt (Narrative) (Details)
12 Months Ended
Dec. 31, 2023
USD ($)
facility
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]      
Maximum hedging reserve $ 1,000,000    
Senior notes 989,000,000.0 $ 794,500,000  
Repayments of senior notes 400,000,000.0 0 $ 0
Loss on extinguishment of debt $ 1,800,000 0 $ 0
Revolving Secured Line Of Credit [Member]      
Debt Instrument [Line Items]      
Debt maturity date Jun. 22, 2026    
Line of credit facility [1] $ 390,000,000    
Percentage of net book value of loans 80.00%    
Warehouse Facilities [Member]      
Debt Instrument [Line Items]      
Percentage of net book value of loans 80.00%    
Number of warehouse facilities | facility 5    
Debt financing amount $ 1,175,000,000    
Monthly servicing fee per financing 6.00%    
Monthly Servicing Fee Per Financing on Newer Deals 4.00%    
Warehouse Facility II [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] Apr. 30, 2026    
Debt financing amount $ 400,000,000.0 [2],[4] $ 400,000,000.0  
Interest rate 0.00% 0.00%  
Warehouse Facility IV [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] Dec. 29, 2026    
Debt financing amount $ 300,000,000.0 [2],[4] $ 300,000,000.0  
Interest rate 0.00% 0.00%  
Warehouse Facility V [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[5] Dec. 29, 2025    
Debt financing amount $ 200,000,000.0 [2],[4] $ 200,000,000.0  
Interest rate 0.00% 0.00%  
Warehouse Facility VI [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] Sep. 30, 2026    
Debt financing amount [2] $ 75,000,000.0    
Interest rate 0.00% 0.00%  
2024 Senior Notes [Member]      
Debt Instrument [Line Items]      
Senior notes $ 0 $ 400,000,000.0  
Interest rate 0.00% 5.125%  
2026 Senior Notes [Member]      
Debt Instrument [Line Items]      
Debt maturity date Mar. 15, 2026    
Debt financing amount $ 400,000,000.0    
Senior notes $ 400,000,000.0 $ 400,000,000.0  
Interest rate 6.625% 6.625%  
Mortgage [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2] Aug. 06, 2028    
Debt financing amount [2] $ 9,000,000    
Interest rate 6.88% 5.46%  
Warehouse Facility VIII [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] Sep. 21, 2026    
Debt financing amount $ 200,000,000.0 [2],[4] $ 200,000,000.0  
Interest rate 0.00% 0.00%  
Term ABS Financing [Member]      
Debt Instrument [Line Items]      
Monthly servicing fee per financing 6.00%    
Monthly Servicing Fee Per Financing on Newer Deals 4.00%    
Term ABS 2021-2 [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] Feb. 15, 2023    
Debt financing amount [2] $ 500,000,000.0    
Interest rate 1.38% 1.12%  
Term ABS 2021-3 [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] May 15, 2023    
Debt financing amount [2] $ 450,000,000.0    
Interest rate 1.24% 1.14%  
Term ABS 2021-4 [Member]      
Debt Instrument [Line Items]      
Debt maturity date [2],[3] Oct. 16, 2023    
Debt financing amount [2] $ 250,100,000    
Interest rate 1.46% 1.44%  
Prime Rate [Member] | Revolving Secured Line Of Credit [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 87.50%    
BSBY [Member] | Revolving Secured Line Of Credit [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 187.50%    
BSBY [Member] | Warehouse Facility VI [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate [4] 200.00%    
BSBY [Member] | Mortgage [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate 150.00%    
[1] Borrowings are subject to repayment on demand.
[2] Financing made available only to a specified subsidiary of the Company.
[3] Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date based on the cash flows of the pledged assets.
[4] Interest rate cap agreements are in place to limit the exposure to increasing interest rates.
[5] Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date and any amounts remaining on December 27, 2027 will be due on that date.