WAREHOUSE NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2022

WAREHOUSE NOTES PAYABLE

Schedule of notes payable

	September 30, 2022
(dollars in thousands)	Committed		Uncommitted		Total Facility		Outstanding
Facility	Amount		Amount		Capacity		Balance		Interest rate(1)
Agency Warehouse Facility #1	$	325,000	$	250,000	$	575,000	$	147,070	Adjusted Term SOFR plus 1.30%
Agency Warehouse Facility #2		700,000		300,000		1,000,000		536,956	Adjusted Term SOFR plus 1.30%
Agency Warehouse Facility #3		600,000		265,000		865,000		420,585	Adjusted Term SOFR plus 1.35%
Agency Warehouse Facility #4		200,000		225,000		425,000		92,924	Adjusted Term SOFR plus 1.30%
Agency Warehouse Facility #5		—		1,000,000		1,000,000		652,773	Adjusted Term SOFR plus 1.45%
Total National Bank Agency Warehouse Facilities	$	1,825,000	$	2,040,000	$	3,865,000	$	1,850,308
Fannie Mae repurchase agreement, uncommitted line and open maturity		—		1,500,000		1,500,000		507,412
Total Agency Warehouse Facilities	$	1,825,000	$	3,540,000	$	5,365,000	$	2,357,720
Interim Warehouse Facility #1	$	135,000	$	—	$	135,000	$	—	Adjusted Term SOFR plus 1.80%
Interim Warehouse Facility #2		100,000		—		100,000		—	Adjusted Term SOFR plus 1.35% to 1.85%
Interim Warehouse Facility #3		200,000		—		200,000		163,468	30-day LIBOR plus 1.75% to 3.25%
Interim Warehouse Facility #4		19,810		—		19,810		19,810	30-day LIBOR plus 3.00%
Total National Bank Interim Warehouse Facilities	$	454,810	$	—	$	454,810	$	183,278
Tax Credit Equity Warehouse Facility	$	30,000	$	—	$	30,000	$	5,300	Adjusted Daily SOFR plus 3.00%
Debt issuance costs		—		—		—		(892)
Total warehouse facilities	$	2,309,810	$	3,540,000	$	5,849,810	$	2,545,406

(1) Interest rate presented does not include the effect of any applicable interest rate floors.