Schedule of debt outstanding

Amount Outstanding at

September

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

$

11,539

$

40,558

3.00% over one month Libor (Minimum 3.75%)

November 2020

20,559

96,225

4.00% over a commercial paper rate (Minimum 5.00%)

December 2021

–

Residual interest financing

8.60%

January 2026

32,243

40,000

Subordinated renewable notes

Weighted average rate of 10.24% and 9.75% at September 30, 2020 and December 31, 2019 , respectively

Weighted average maturity of December 2022 and April 2022 at September 30, 2020 and December 31, 2019, respectively

20,242

17,534

$

84,583

$

194,317