(5) Interest Income and Interest Expense

9 Months Ended

Sep. 30, 2020

(5) Interest Income and Interest Expense

(5) Interest Income and Interest Expense

The following table presents the components of interest income:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2020			2019		2020			2019
	(In thousands)					(In thousands)
Interest on finance receivables	$	29,753		$	49,912	$	101,333		$	167,862
Interest on finance receivables at fair value		42,808			32,903		125,273			83,696
Mark to finance receivables measured at fair value		(3,152	)		–		(23,051	)		–
Other interest income		21			713		665			2,264
Interest income	$	69,430		$	83,528	$	204,220		$	253,822

The following table presents the components of interest expense:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(In thousands)				(In thousands)
Securitization trust debt	$	21,605	$	24,208	$	67,770	$	72,662
Warehouse lines of credit		1,856		2,407		6,294		6,387
Residual interest financing		876		956		2,734		2,867
Subordinated renewable notes		564		369		1,579		1,017
Interest expense	$	24,901	$	27,940	$	78,377	$	82,933