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WAREHOUSE AND OTHER LINES OF CREDIT (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents information on warehouse and securitization facilities and the outstanding balance as of September 30, 2022 and December 31, 2021:
Outstanding Balance
Committed
Amount		Uncommitted
Amount		Total
Facility
Amount		Expiration
Date		September 30,
2022		December 31,
2021
Facility 1(1)
$400,000 $1,100,000 $1,500,000 10/29/2022$441,230 $851,088 
Facility 2(2)
— 300,000 300,000 9/25/2023172,313 295,743 
Facility 3— 300,000 300,000 4/18/2023290,197 459,018 
Facility 4— 450,000 450,000 11/14/2022226,888 266,230 
Facility 5(2)
— 200,000 200,000 N/A92 391 
Facility 6(2)
100,000 500,000 600,000 9/29/2023310,042 583,449 
Facility 7(3)
400,000 400,000 800,000 5/5/2023382,952 1,410,367 
Facility 8— 750,000 750,000 N/A25,113 361,783 
Facility 9(4)(5)
— — — 10/25/2022— 600,000 
Facility 10(4)(7)
— — — 12/17/2023— 500,000 
Facility 11(2)(6)
— — — 9/23/2022— 263,516 
Facility 12(4)(8)
— — — 2/2/2024— 500,000 
Facility 13(4)(8)
— — — 4/23/2024— 500,000 
Facility 14— 300,000 300,000 9/21/2023180,609 365,614 
Facility 15(4)
500,000 — 500,000 10/21/2024500,000 500,000 
Total $1,400,000 $4,300,000 $5,700,000 $2,529,436 $7,457,199 
(1)The total facility is available both to fund loan originations and also provide liquidity under a gestation facility to finance recently sold MBS up to the MBS settlement date. In October 2022, this facility was extended to October 2023.
(2)In addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date.
(3)In addition to the outstanding balance secured by mortgage loans, the Company has $116.9 million outstanding to finance servicing rights included within debt obligations in the consolidated balance sheets.
(4)Securitization backed by a revolving warehouse facility to finance newly originated first-lien fixed and adjustable rate mortgage loans.
(5)This facility was prepaid and terminated in March 2022.
(6)This facility was prepaid and terminated in July 2022.
(7)This facility was prepaid and terminated in August 2022.
(8)This facility was prepaid and terminated in September 2022.


The following table presents information on borrowings under warehouse and securitization facilities:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Maximum outstanding balance during the period$4,354,864 $9,078,257 $7,672,559 $9,180,276 
Average balance outstanding during the period3,417,252 8,515,189 4,868,397 8,066,303 
Collateral pledged (loans held for sale)2,566,330 8,675,750 2,566,330 8,675,750 
Weighted average interest rate during the period4.18 %2.22 %2.89 %2.25 %