DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2020

DERIVATIVE INSTRUMENTS

Summary of total notional amounts and fair values for derivatives

The following table presents the total notional amounts and fair values for the Company's derivatives (in thousands):

	Notional		Fair Value Derivatives
As of December 31, 2020	Amount		Asset		Liability
Interest rate lock commitments	$	15,130	$	373	$	—

	Notional		Fair Value Derivatives
As of December 31, 2019	Amount		Asset		Liability
Interest rate caps	$	100,000	$	4	$	—
Interest rate lock commitments	$	3,429	$	95	$	—
Embedded conversion options	$	180,252	$	—	$	41,697

Summary of net gains and losses recognized on derivatives within the respective line items in the statement of operations

The following table presents the net gains and losses recognized on derivatives within the respective line items in the statement of operations for the periods indicated (in thousands):

	Years Ended
	December 31,
	2020		2019		2018
Revenue	$	278	$	95	$	—
Derivative and warrant fair value adjustment	$	(23,317)	$	—	$	—
Other income, net	$	(4)	$	(773)	$	420