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DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Senior Notes and Other Borrowings
Total debt consists of the following (in thousands):
As of
March 31, 2026December 31, 2025
PrincipalUnamortized
Debt Issuance (Costs)/
Premium 		Carrying
Value		PrincipalUnamortized
Debt Issuance (Costs)/
Premium 		Carrying
Value
5.75% Senior Notes due 2028
450,000 (1,131)448,869 450,000 (1,289)448,711 
5.125% Senior Notes due 2030
500,000 (2,748)497,252 500,000 (2,906)497,094 
5.75% Senior Notes due 2032
525,000 (7,256)517,744 525,000 (7,472)517,528 
Senior Notes subtotal$1,475,000 $(11,135)$1,463,865 $1,475,000 $(11,667)$1,463,333 
Loans payable and other borrowings787,061 — 787,061 745,169 — 745,169 
Revolving Credit Facility(1)
— — — — — — 
Mortgage warehouse facilities borrowings90,855 — 90,855 82,605 — 82,605 
Total debt$2,352,916 $(11,135)$2,341,781 $2,302,774 $(11,667)$2,291,107 
(1) Unamortized debt issuance costs related to the Revolving Credit Facility are included in the Prepaid expenses and other assets, net on the unaudited Condensed consolidated balance sheets.
Summary of Mortgage Subsidiary Borrowings
The following is a summary of our Mortgage warehouse facilities borrowings (in thousands):
As of March 31, 2026
FacilityAmount
Drawn		Facility
Amount
Interest
Rate(1)
Expiration
Date
Collateral (1)
Warehouse A(2)
— 100,000 
Term SOFR + 1.45%
March 5, 2027Mortgage loans
Warehouse B$14,056 $60,000 
Term SOFR + 1.70%
on demandMortgage loans
Warehouse C10,759 125,000 
Term SOFR + 1.50%
on demandMortgage loans
Warehouse D45,408 75,000 
Daily SOFR + 1.50%
September 2, 2026Mortgage loans
Warehouse E20,632 100,000 
Term SOFR + 1.50%
on demandMortgage loans
$90,855 $460,000  
As of December 31, 2025
FacilityAmount
Drawn		Facility
Amount
Interest
Rate(1)
Expiration
Date
Collateral (1)
Warehouse B
— 60,000 
Term SOFR + 1.70%
on demandMortgage loans
Warehouse C44,596 125,000 
Term SOFR + 1.50%
on demandMortgage loans
Warehouse D14,552 125,000 
Daily SOFR + 1.50%
September 2, 2026Mortgage loans
Warehouse E$23,457 $100,000 
Term SOFR + 1.60%
on demandMortgage loans
Total$82,605 $410,000 
(1) The Mortgage warehouse facilities borrowings outstanding as of March 31, 2026 and December 31, 2025 were collateralized by $139.0 million and $132.5 million, respectively, of Mortgage loans held for sale. "SOFR" refers to the Secured Overnight Financing Rate.
(2)Mortgage Warehouse A was established on March 6, 2026.