Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2016

Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of our financial instruments are as follows (in thousands):



		September 30, 2016				December 31, 2015
	Level in Fair Value Hierarchy	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Description:
Mortgage loans held for sale	2	$	118,997	$	118,997	$	201,733	$	201,733
Mortgage warehouse borrowings	2	91,166		91,166		183,444		183,444
Loans payable and other borrowings	2	142,786		142,786		134,824		134,824
5.25% Senior Notes due 2021 ⁽¹⁾	2	544,611		567,875		543,713		552,750
5.875% Senior Notes due 2023 ⁽¹⁾	2	346,289		366,625		345,840		346,500
5.625% Senior Notes due 2024 ⁽¹⁾	2	346,008		360,500		345,604		336,000
Revolving Credit Facility ⁽¹⁾	2	211,084		215,000		109,947		115,000
Contingent consideration liability	3	16,882		16,882		20,082		20,082

⁽¹⁾ Carrying value for Senior Notes and the Revolving Credit Facility, as presented, includes unamortized debt issuance costs. Debt issuance costs are not factored into the fair value calculation for the Senior Notes.