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Collateralized Transactions (Tables)

9 Months Ended

Sep. 30, 2018

Brokers And Dealers [Abstract]

Schedule of Company Lines Available and Borrowings Outstanding

As of September 30, 2018, the Company had the following lines available and borrowings outstanding (in thousands):

						September 30, 2018
		Committed Lines				Uncommitted Lines				Total Outstanding				Stated Spread to One Month LIBOR		Rate Type
Warehouse line due June 19, 2019		$	450,000			$	—			$	255,419			130 bps		Variable
Warehouse line due September 25, 2019			200,000				—				107,986			120 bps		Variable
Warehouse line due October 10, 2019 1			1,000,000				—				724,801			120 bps		Variable
Fannie Mae repurchase agreement, open maturity		—					325,000				43,586			120 bps		Variable
		$	1,650,000			$	325,000			$	1,131,792

¹ The warehouse line was temporarily increased by $700.0 million to $1.0 billion for the period of August 16, 2018 to September 30, 2018. On October 1, 2018, this temporary increase was reduced by $200.0 million resulting in a line of $800.0 million for the period October 1, 2018 to November 30, 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 Outstanding				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

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- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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

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