SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Components of Provision for Credit Losses

	For the three months ended
	March 31,
Components of Provision for Credit Losses (in thousands)	2020		2019
Provision for loan losses	$	1,106	$	623
Provision for risk-sharing obligations		22,537		2,052
Provision for credit losses	$	23,643	$	2,675

Schedule of Net Warehouse Interest Income

	For the three months ended
	March 31,
Components of Net Warehouse Interest Income (in thousands)	2020		2019
Warehouse interest income - loans held for sale	$	7,402	$	13,984
Warehouse interest expense - loans held for sale		(5,910)		(13,955)
Net warehouse interest income - loans held for sale	$	1,492	$	29
Warehouse interest income - loans held for investment	$	6,306	$	8,779
Warehouse interest expense - loans held for investment		(2,303)		(1,787)
Warehouse interest income - secured borrowings		846		888
Warehouse interest expense - secured borrowings		(846)		(888)
Net warehouse interest income - loans held for investment	$	4,003	$	6,992
Total net warehouse interest income	$	5,495	$	7,021

Schedule of Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents

	March 31,				December 31,
(in thousands)	2020		2019		2019		2018
Cash and cash equivalents	$	205,309	$	109,862	$	120,685	$	90,058
Restricted cash		30,745		17,561		8,677		20,821
Pledged cash and cash equivalents (NOTE 9)		8,543		6,423		7,204		9,469
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	244,597	$	133,846	$	136,566	$	120,348

Schedule of Contracts with Customers

	For the three months ended
	March 31,
Description (in thousands)	2020		2019		Statement of income line item
Certain loan origination fees	$	21,348	$	11,531	Loan origination and debt brokerage fees, net
Property sales broker fees, investment management fees, assumption fees, application fees, and other		15,064		8,961	Other revenues
Total revenues derived from contracts with customers	$	36,412	$	20,492