(8) Interest Income and Interest Expense

12 Months Ended

Dec. 31, 2020

(8) Interest Income and Interest Expense

(8) Interest Income and Interest Expense

The following table presents the components of interest income:

	Year Ended December 31,
	2020			2019		2018
	(In thousands)
Interest on finance receivables	$	126,043		$	211,138	$	334,634
Interest on finance receivables at fair value		168,266			123,059		43,863
Mark to finance receivables measured at fair value		(29,528	)		–		–
Other interest income		673			2,899		1,800
Interest income	$	265,454		$	337,096	$	380,297

The following table presents the components of interest expense:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Securitization trust debt	$	88,031	$	96,870	$	89,926
Warehouse lines of credit		7,678		8,402		7,752
Residual interest financing		3,454		3,822		2,343
Subordinated renewable notes		2,175		1,434		1,445
Interest expense	$	101,338	$	110,528	$	101,466