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DEBT (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Senior Notes and Other Borrowings
Total debt consists of the following (in thousands):
As of
September 30, 2025December 31, 2024
PrincipalUnamortized
Debt Issuance (Costs)/
Premium 		Carrying
Value		PrincipalUnamortized
Debt Issuance (Costs)/
Premium 		Carrying
Value
5.875% Senior Notes due 2027
500,000 (1,303)498,697 500,000 (1,890)498,110 
6.625% Senior Notes due 2027(1)
27,070 517 27,587 27,070 733 27,803 
5.75% Senior Notes due 2028
450,000 (1,447)448,553 450,000 (1,920)448,080 
5.125% Senior Notes due 2030
500,000 (3,065)496,935 500,000 (3,539)496,461 
Senior Notes subtotal$1,477,070 $(5,298)$1,471,772 $1,477,070 $(6,616)$1,470,454 
Loans payable and other borrowings568,813 — 568,813 475,569 — 475,569 
$1 Billion Revolving Credit Facility(2)
— — — — — — 
Mortgage warehouse facilities borrowings150,176 — 150,176 174,460 — 174,460 
Total debt$2,196,059 $(5,298)$2,190,761 $2,127,099 $(6,616)$2,120,483 
(1) Unamortized debt issuance premium is reflective of fair value adjustments as a result of purchase accounting.
(2) Unamortized debt issuance costs related to the $1 billion Revolving Credit Facility are included in the Prepaid expenses and other assets, net on the unaudited Condensed consolidated balance sheets.
Schedule of Mortgage Subsidiary Borrowings
The following is a summary of our mortgage warehouse facilities borrowings (in thousands):
As of September 30, 2025
FacilityAmount
Drawn		Facility
Amount
Interest
Rate(1)
Expiration
Date
Collateral (1)
Warehouse B$— $60,000 
Term SOFR + 1.70%
on demandMortgage loans
Warehouse C53,095 125,000 
Term SOFR + 1.50%
on demandMortgage loans
Warehouse D46,620 100,000 
Term SOFR + 1.50%
September 2, 2026Mortgage loans
Warehouse E50,461 100,000 
Daily SOFR + 1.60%
on demandMortgage loans
$150,176 $385,000  
As of December 31, 2024
FacilityAmount
Drawn		Facility
Amount
Interest
Rate(1)
Expiration
Date
Collateral (1)
Warehouse A(2)
$— $— 
Term SOFR + 1.70%
on demandMortgage loans
Warehouse B(2)
2,123 60,000 
Term SOFR + 1.70%
on demandMortgage loans
Warehouse C69,008 125,000 
Term SOFR + 1.50%
on demandMortgage loans
Warehouse D60,176 125,000 
Daily SOFR + 1.50%
September 3, 2025(3)
Mortgage loans
Warehouse E$43,153 $100,000 
Term SOFR + 1.60%
on demandMortgage loans
Total$174,460 $410,000 
(1) The Mortgage warehouse facilities borrowings outstanding as of September 30, 2025 and December 31, 2024 were collateralized by $198.5 million and $207.9 million, respectively, of Mortgage loans held for sale. "SOFR" refers to the Secured Overnight Financing Rate.
(2) During December 2024, Warehouse A's bank was purchased by Warehouse B's bank and created a new facility referred to as Warehouse B. As a result, there was no availability under Warehouse A as of December 31, 2024. Warehouse B has been relabeled and was labeled as Warehouse F in our Annual Report.
(3) On August 29, 2025, we extended the term of Warehouse D to September 2, 2026.