WAREHOUSE NOTES PAYABLE AND NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2023

WAREHOUSE NOTES PAYABLE AND NOTES PAYABLE

Schedule of notes payable

	September 30, 2023
(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	$	92,872	SOFR plus 1.30%
Agency Warehouse Facility #2		700,000		300,000		1,000,000		133,366	SOFR plus 1.30%
Agency Warehouse Facility #3		600,000		265,000		865,000		106,856	SOFR plus 1.35%
Agency Warehouse Facility #4		200,000		225,000		425,000		124,934	SOFR plus 1.30% to 1.35%
Agency Warehouse Facility #5		—		1,000,000		1,000,000		94,755	SOFR plus 1.45%
Total National Bank Agency Warehouse Facilities	$	1,825,000	$	2,040,000	$	3,865,000	$	552,783
Fannie Mae repurchase agreement, uncommitted line and open maturity		—		1,500,000		1,500,000		212,811
Total Agency Warehouse Facilities	$	1,825,000	$	3,540,000	$	5,365,000	$	765,594

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