XML 57 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1

Collateralized Transactions (Tables)

3 Months Ended

Mar. 31, 2018

Brokers And Dealers [Abstract]

Schedule of Company Lines Available and Borrowings Outstanding

As of March 31, 2018, the Company had the following lines available and borrowings outstanding (in thousands):

						March 31, 2018
		Committed Lines				Uncommitted Lines				Total				Stated Spread to One Month LIBOR		Rate Type
Warehouse line due June 20, 2018		$	450,000			$	-			$	390,295			130 bps		Variable
Warehouse line due September 25, 2018			200,000				-				166,480			130 bps		Variable
Warehouse line due October 11, 2018 1			400,000				-				361,739			130 bps		Variable
Fannie Mae repurchase agreement, open maturity			-				325,000				31,965			120 bps		Variable
		$	1,050,000			$	325,000			$	950,479

¹ The warehouse line was temporarily increased from $300.0 thousand to $400.0 thousand for the period of March 29, 2018 to May 12, 2018.

          As of December 31, 2017, the Company had the following lines available and borrowings outstanding (in thousands):

						December 31, 2017
		Committed Lines				Uncommitted Lines				Total				Stated Spread to One Month LIBOR		Rate Type
Warehouse line due June 20, 2018		$	450,000			$	-			$	60,715			130 bps		Variable
Warehouse line due September 25, 2018			200,000				-				107,383			130 bps		Variable
Warehouse line due October 11, 2018			300,000				-				174,102			130 bps		Variable
Fannie Mae repurchase agreement, open maturity			-				325,000				18,240			120 bps		Variable
		$	950,000			$	325,000			$	360,440

X

- References

No definition available.

+ Details

Name:	us-gaap_BrokersAndDealersAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration