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DEBT (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Senior Notes and Other Borrowings
Total debt consists of the following (in thousands):
As of
June 30, 2024December 31, 2023
PrincipalUnamortized
Debt Issuance (Costs)/
Premium 		Carrying
Value		PrincipalUnamortized
Debt Issuance (Costs)/
Premium 		Carrying
Value
5.875% Senior Notes due 2027
500,000 (2,281)497,719 500,000 (2,672)497,328 
6.625% Senior Notes due 2027
27,070 877 27,947 27,070 1,022 28,092 
5.75% Senior Notes due 2028
450,000 (2,236)447,764 450,000 (2,551)447,449 
5.125% Senior Notes due 2030
500,000 (3,856)496,144 500,000 (4,174)495,826 
Senior Notes subtotal$1,477,070 $(7,496)$1,469,574 $1,477,070 $(8,375)$1,468,695 
Loans payable and other borrowings404,242 — 404,242 394,943 — 394,943 
$1 Billion Revolving Credit Facility(1)(2)
— — — — — — 
$100 Million Revolving Credit Facility(1)(2)
— — — — — — 
Mortgage warehouse borrowings276,205 — 276,205 153,464 — 153,464 
Total debt$2,157,517 $(7,496)$2,150,021 $2,025,477 $(8,375)$2,017,102 
(1) Unamortized debt issuance costs are included in the Prepaid expenses and other assets, net on the Condensed consolidated balance sheets.
(2) The $1 Billion Revolving Credit Facility Agreement together with the $100 Million Revolving Credit Facility Agreement, the “Revolving Credit Facilities”.
Summary of Mortgage Subsidiary Borrowings
The following is a summary of our mortgage warehouse borrowings (in thousands):
As of June 30, 2024
FacilityAmount
Drawn		Facility
Amount
Interest
Rate(2)
Expiration
Date
Collateral (1)
Warehouse A$32,244 $60,000 
Term SOFR + 1.70%
on DemandMortgage Loans
Warehouse C76,683 100,000 
Term SOFR + 1.50%
on DemandMortgage Loans
Warehouse D76,154 100,000 
Daily SOFR + 1.50%
September 4, 2024Mortgage Loans
Warehouse E91,124 100,000 
Term SOFR + 1.60%
on DemandMortgage Loans
Total$276,205 $360,000  
As of December 31, 2023
FacilityAmount
Drawn		Facility
Amount
Interest
Rate(2)
Expiration
Date
Collateral (1)
Warehouse A$13,477 $60,000 
Term SOFR + 1.70%
on DemandMortgage Loans
Warehouse C25,567 100,000 
Term SOFR + 1.65%
on DemandMortgage Loans
Warehouse D56,745 100,000 
Daily SOFR + 1.50%
September 4, 2024Mortgage Loans
Warehouse E57,675 100,000 
Term SOFR + 1.60%
on DemandMortgage Loans
Total$153,464 $360,000 
(1) The mortgage warehouse borrowings outstanding as of June 30, 2024 and December 31, 2023 were collateralized by $313.0 million and $193.3 million, respectively, of mortgage loans held for sale.
(2) Secured Overnight Financing Rate ("SOFR")