4. Debt

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Debt

(4) Debt

The terms and amounts of our other debt outstanding at March 31, 2020 and December 31, 2019 are summarized below:

				Amount Outstanding at
				March 31,		December 31,
				2020		2019
				(In thousands)
Description	Interest Rate	Maturity
Warehouse lines of credit	5.50% over one month Libor (Minimum 6.50%)		February 2021	$	50,776	$	40,558
	3.00% over one month Libor (Minimum 3.75%)		September 2020		53,411		96,225
	4.00% over a commercial paper rate (Minimum 5.00%)		December 2021		39,434		–
Residual interest financing	8.60%		January 2026		38,342		40,000
Subordinated renewable notes	Weighted average rate of 9.92% and 9.75% at March 31, 2020 and December 31, 2019, respectively		Weighted average maturity of July 2022 and April 2022 at March 31, 2020 and December 31, 2019, respectively		18,322		17,534
				$	200,285	$	194,317

Unamortized debt issuance costs of $429,000 and $522,000 as of March 31, 2020 and December 31, 2019, respectively, have been excluded from the amount reported above for residual interest financing. Similarly, unamortized debt issuance costs of $1.6 million and $2.0 million as of March 31, 2020 and December 31, 2019, respectively, have been excluded from the Warehouse lines of credit amounts in the table above. These debt issuance costs are presented as a direct deduction to the carrying amount of the debt on our Unaudited Condensed Consolidated Balance Sheets.