DEBT (Tables)

9 Months Ended

Sep. 30, 2024

DEBT

Schedule of notes payable

	September 30, 2024
(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	$	161,956	SOFR plus 1.30%
Agency Warehouse Facility #2		700,000		300,000		1,000,000		215,752	SOFR plus 1.30%
Agency Warehouse Facility #3		425,000		425,000		850,000		214,877	SOFR plus 1.30%
Agency Warehouse Facility #4		150,000		225,000		375,000		89,593	SOFR plus 1.30% to 1.35%
Agency Warehouse Facility #5		50,000		950,000		1,000,000		269,375	SOFR plus 1.45%
Total National Bank Agency Warehouse Facilities	$	1,650,000		2,150,000		3,800,000	$	951,553
Fannie Mae repurchase agreement, uncommitted line and open maturity		—		1,500,000		1,500,000		56,981
Total Agency Warehouse Facilities	$	1,650,000		3,650,000		5,300,000	$	1,008,534

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