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DEBT (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Summary of Total Debt
Total debt consists of the following (in thousands):
As of
June 30, 2022December 31, 2021
PrincipalUnamortized Debt Issuance (Costs)/PremiumCarrying ValuePrincipalUnamortized Debt Issuance (Costs)/PremiumCarrying Value
5.875% Senior Notes due 2023
$350,000 $(449)$349,551 $350,000 $(733)$349,267 
5.625% Senior Notes due 2024
350,000 (897)349,103 350,000 (1,166)348,834 
5.875% Senior Notes due 2027
500,000 (3,851)496,149 500,000 (4,243)495,757 
6.625% Senior Notes due 2027
35,889 1,928 37,817 300,000 17,718 317,718 
5.75% Senior Notes due 2028
450,000 (3,498)446,502 450,000 (3,814)446,186 
5.125% Senior Notes due 2030
500,000 (5,124)494,876 500,000 (5,440)494,560 
Senior Notes subtotal$2,185,889 $(11,891)$2,173,998 $2,450,000 $2,322 $2,452,322 
Loans payable and other borrowings447,191 — 447,191 404,386 — 404,386 
$800 Million Revolving Credit Facility(1)
150,000— 150,000 — — — 
$100 Million Revolving Credit Facility(1)
— — — 31,529 — 31,529 
Mortgage warehouse borrowings179,555 — 179,555 413,887 — 413,887 
Total debt$2,962,635 $(11,891)$2,950,744 $3,299,802 $2,322 $3,302,124 
(1)The $800 Million Revolving Credit Agreement together with the $100 Million Revolving Credit Agreement, the “Credit Facilities”
Summary of Mortgage Subsidiary Borrowings The following is a summary of our mortgage warehouse borrowings (in thousands):
 As of June 30, 2022
FacilityAmount
Drawn		Facility
Amount
Interest Rate(1)
Expiration Date
Collateral (2)
Warehouse A$4,538 $10,000 
LIBOR + 1.75%
On DemandMortgage Loans
Warehouse B20,143 75,000 
LIBOR + 1.75%
On DemandMortgage Loans
Warehouse C43,170 125,000 
LIBOR + 1.95%
On DemandMortgage Loans and Restricted Cash
Warehouse D52,733 100,000 
LIBOR + 1.65%
November 20, 2022Mortgage Loans
Warehouse E58,971 100,000 
LIBOR + 1.50%
On DemandMortgage Loans
Total$179,555 $410,000 
 As of December 31, 2021
FacilityAmount DrawnFacility Amount
Interest Rate(1)
Expiration Date
Collateral (2)
Warehouse A$12 $10,000 
LIBOR + 1.75%
On DemandMortgage Loans
Warehouse B86,409 150,000 
LIBOR + 1.75%
On DemandMortgage Loans
Warehouse C116,601 250,000 
LIBOR + 2.05%
On DemandMortgage Loans and Restricted Cash
Warehouse D105,065 150,000 
LIBOR + 1.65%
November 20, 2022Mortgage Loans
Warehouse E105,800 200,000 
LIBOR + 1.50%
On DemandMortgage Loans
Total$413,887 $760,000 
(1) Subject to certain interest rate floors.
(2) The mortgage warehouse borrowings outstanding as of June 30, 2022 and December 31, 2021 were collateralized by $203.2 million and $467.5 million, respectively, of mortgage loans held for sale, which comprise the balance of mortgage loans held for sale, and approximately $0.9 million and $3.5 million, respectively, of cash which is restricted cash on our Condensed Consolidated Balance Sheet.