Term Notes Payable |
9 Months Ended |
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Sep. 30, 2020 | |
| Term Notes Payable [Abstract] | |
| Term Notes Payable | Term Notes PayableThe debt issued in connection with the Company’s on-balance sheet securitization is classified as term notes payable and carried at outstanding principal balance, net of any unamortized deferred debt issuance costs, on the Company’s condensed consolidated balance sheets. As of September 30, 2020 and December 31, 2019, the outstanding amount due on term notes payable was $395.3 million and $394.5 million, net of deferred debt issuance costs, with a weighted average interest rate of 2.95% and 4.59% and weighted average remaining maturities of 3.7 years and 4.5 years. At September 30, 2020 and December 31, 2019, the Company pledged MSR with a carrying value of $539.2 million and $575.1 million and weighted average underlying loan coupon of 4.09% and 4.25%, respectively, as collateral for term notes payable. |
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- Definition Term Notes Payable [Abstract] No definition available.
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- Definition The entire disclosure for mortgage notes payable. No definition available.
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