XML 48 R89.htm IDEA: XBRL DOCUMENT v3.19.3
Borrowings - Note Payable (Details) - USD ($)
3 Months Ended 9 Months Ended
Aug. 10, 2018
Feb. 28, 2018
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Nov. 01, 2018
Feb. 01, 2018
During the period:                  
Total interest expense     $ 17,525,000 $ 21,369,000 $ 53,559,000 $ 55,939,000      
Carrying value:                  
Notes payable     1,293,625,000   1,293,625,000   $ 1,292,291,000    
Notes payable                  
Repayments of notes payable           900,000,000      
Note Payable                  
During the period:                  
Average balance     $ 1,300,000,000 $ 1,234,783,000 $ 1,300,000,000 $ 1,125,458,000      
Weighted-average interest rate (as a percent)     5.11% 5.07% 5.21% 5.29%      
Total interest expense     $ 17,525,000 $ 21,369,000 $ 53,559,000 $ 55,939,000      
Maximum daily amount outstanding     1,300,000,000 1,300,000,000 1,300,000,000 1,300,000,000      
Carrying value:                  
Unpaid principal balance     1,300,000,000   1,300,000,000   1,300,000,000    
Unamortized issuance costs     (6,375,000)   (6,375,000)   (7,709,000)    
Notes payable     $ 1,293,625,000   $ 1,293,625,000   $ 1,292,291,000    
Weighted-average interest rate (as a percent)     4.90%   4.90%   5.07%    
Unused amount     $ 150,000,000   $ 150,000,000   $ 150,000,000    
Amortization of Financing Costs     900,000 2,000,000 2,700,000 2,800,000      
Notes payable                  
Debt issuance costs       3,400,000   8,000,000      
Note Payable | Revolving credit agreement                  
Short-term debt                  
Maximum loan amount               $ 150,000,000  
Note Payable | LIBOR                  
Notes payable                  
Maximum loan amount $ 650,000,000 $ 650,000,000              
Description of variable rate one-month LIBOR one-month LIBOR              
Interest rate spread 2.65% 2.85%              
Note Payable | Credit Suisse AG                  
Short-term debt                  
Maximum loan amount                 $ 400,000,000
Note Payable | Mortgage servicing rights                  
Carrying value:                  
Assets pledged to secure     2,489,481,000   2,489,481,000   2,807,333,000    
Note Payable | Cash.                  
Carrying value:                  
Assets pledged to secure     101,773,000   101,773,000   108,174,000    
Note Payable | Servicing advances                  
Carrying value:                  
Assets pledged to secure     181,747,000   181,747,000   162,895,000    
Mortgage Loan Participation and Sale Agreement member                  
During the period:                  
Average balance     258,169,000 289,008,000 249,023,000 250,599,000      
Carrying value:                  
Unamortized issuance costs             $ (215,000)    
Amortization of Financing Costs     $ 135,000 $ 92,000 $ 405,000 $ 475,000