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DEBT OBLIGATIONS (Tables) | 9 Months Ended
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Sep. 30, 2015
Debt Disclosure [Abstract] |
Schedule of repurchase agreement | The details of the Company’s debt obligations at September 30, 2015 and December 31, 2014 are as follows ($ in thousands): September 30, 2015
Debt Obligations |  | Committed Financing |  | Debt Obligations Outstanding |  | Committed but Unfunded |  | Interest Rate at September 30, 2015 |  | Current Term Maturity |  | Remaining Extension Options |  | Eligible Collateral (1) |  | Carrying Amount of Collateral |  | Fair Value of Collateral
Committed Loan Repurchase Facility |  | $ | 600,000 |  |  | $ | 218,516 |  |  | $ | 381,484 |  |  | 1.96% - 2.71% |  | 10/30/2016 |  | (3) |  | (6) |  | $ | 323,137 |  |  | $ | 325,108 |
Committed Loan Repurchase Facility |  | 400,000 |  |  | 128,955 |  |  | 271,045 |  |  | 2.45% - 4.21% |  | 4/10/2016 |  | (4) |  | (7) |  | 253,930 |  |  | 255,235 |
Committed Loan Repurchase Facility |  | 450,000 |  |  | 276,540 |  |  | 173,460 |  |  | 2.45% - 4.21% |  | 5/24/2016 |  | (3) |  | (6) |  | 498,487 |  |  | 502,738 |
Total Committed Loan Repurchase Facilities |  | 1,450,000 |  |  | 624,011 |  |  | 825,989 |  |  |  |  |  |  |  |  |  |  | 1,075,554 |  |  | 1,083,081 |
Committed Securities Repurchase Facility |  | 300,000 |  |  | 161,529 |  |  | 138,471 |  |  | 0.88% - 1.30% |  | 10/31/2016 |  | N/A |  | (8) |  | 193,271 |  |  | 193,271 |
Uncommitted Securities Repurchase Facility |  | N/A (2) |  | 405,786 |  |  | N/A (2) |  | 0.50% - 1.82% |  | 10/2015 |  | N/A |  | (8) |  | 479,670 |  |  | 479,670 |
Total Repurchase Facilities |  | 1,750,000 |  |  | 1,191,326 |  |  | 964,460 |  |  |  |  |  |  |  |  |  |  | 1,748,495 |  |  | 1,756,022 |
Borrowings Under Credit Agreement |  | 50,000 |  |  | 20,400 |  |  | 29,600 |  |  | 2.94% - 2.96% |  | 1/24/2016 |  | N/A |  | (9) |  | 21,765 |  |  | 22,920 |
Revolving Credit Facility |  | 75,000 |  |  | 50,000 |  |  | 25,000 |  |  | 3.69% - 5.75% |  | 2/11/2017 |  | (3) |  | N/A (11) |  | N/A (11) |  | N/A (11)
Mortgage Loan Financing |  | 555,786 |  |  | 555,786 |  |  | — |  |  | 4.25% - 6.75% |  | 2018 - 2025 |  | N/A |  | (12) |  | 723,407 |  |  | 796,740 |
FHLB Financing |  | 2,248,712 |  |  | 1,786,000 |  |  | 462,712 |  |  | 0.27% - 2.74% |  | 2015 - 2024 |  | N/A |  | (9) |  | 2,250,547 |  |  | 2,258,794 |
Total Debt Obligations |  | $ | 4,679,498 |  |  | $ | 3,603,512 |  |  | $ | 1,481,772 |  |  |  |  |  |  |  |  |  |  | $ | 4,744,214 |  |  | $ | 4,834,476 |
(1) | Collateral includes first mortgage and mezzanine real estate loans and investment grade commercial real estate securities. It does not include the real estate collateralizing such loans and securities.
(2) | Represents uncommitted securities repurchase facilities for which there is no committed amount subject to future advances
(3) | Two additional twelve month periods at Company's option
(4) | Three additional 364 day periods at Company's option
(5) | One additional twelve month period
(6) | First mortgage commercial real estate loans
(7) | First mortgage and mezzanine commercial real estate loans
(8) | Investment grade commercial real estate securities
(9) | First mortgage and mezzanine commercial real estate loans and investment grade commercial real estate securities
(10) | First mortgage commercial real estate loan
(11) | The obligations under the Revolving Credit Facility are guaranteed by the Company and certain of its subsidiaries and secured by equity pledges in certain Company subsidiaries.
(12) | Using undepreciated value of commercial real estate to approximate fair value
December 31, 2014
Debt Obligations |  | Committed Financing |  | Debt Obligations Outstanding |  | Committed but Unfunded |  | Interest Rate at December 31, 2014 |  | Current Term Maturity |  | Remaining Extension Options |  | Eligible Collateral (1) |  | Carrying Amount of Collateral |  | Fair Value of Collateral
Committed Loan Repurchase Facility |  | $ | 450,000 |  |  | $ | 147,796 |  |  | $ | 302,204 |  |  | 2.42% - 2.66% |  | 10/30/2016 |  | (3) |  | (6) |  | $ | 278,530 |  |  | $ | 279,921 |
Committed Loan Repurchase Facility |  | 250,000 |  |  | 138,711 |  |  | 111,289 |  |  | 2.41% - 3.04% |  | 4/10/2016 |  | (4) |  | (7) |  | 144,858 |  |  | 145,749 |
Committed Loan Repurchase Facility |  | 450,000 |  |  | 222,516 |  |  | 227,484 |  |  | 2.42% - 3.16% |  | 5/26/2015 |  | (3) |  | (6) |  | 378,573 |  |  | 380,344 |
Total Committed Loan Repurchase Facilities |  | 1,150,000 |  |  | 509,023 |  |  | 640,977 |  |  |  |  |  |  |  |  |  |  | 801,961 |  |  | 806,014 |
Committed Securities Repurchase Facility |  | 300,000 |  |  | 174,853 |  |  | 125,147 |  |  | 0.87% - 1.27% |  | 4/30/2015 |  | N/A |  | (8) |  | 214,617 |  |  | 214,617 |
Uncommitted Securities Repurchase Facility |  | N/A (2) |  | 747,789 |  |  | N/A (2) |  | 0.50% - 1.66% |  | Various |  | N/A |  | (8) |  | 861,456 |  |  | 861,456 |
Total Repurchase Facilities |  | 1,450,000 |  |  | 1,431,665 |  |  | 766,124 |  |  |  |  |  |  |  |  |  |  | 1,878,034 |  |  | 1,882,087 |
Borrowings Under Credit Agreement |  | 50,000 |  |  | 11,000 |  |  | 39,000 |  |  | 2.91% |  | 1/24/2016 |  | N/A |  | (9) |  | — |  |  | — |
Borrowings Under Credit and Security Agreement |  | 46,750 |  |  | 46,750 |  |  | — |  |  | 2.01% |  | 10/6/2015 |  | (5) |  | (10) |  | 54,775 |  |  | 55,000 |
Revolving Credit Facility |  | 75,000 |  |  | 25,000 |  |  | 50,000 |  |  | 3.66% - 5.75% |  | 2/11/2017 |  | (3) |  | N/A (11) |  | N/A (11) |  | N/A (11)
Mortgage Loan Financing |  | 447,410 |  |  | 447,410 |  |  | — |  |  | 4.25% - 6.75% |  | 2018 - 2024 |  | N/A |  | (12) |  | 591,613 |  |  | 637,271 |
FHLB Financing |  | 1,900,000 |  |  | 1,611,000 |  |  | 289,000 |  |  | 0.30% - 2.74% |  | 2015 - 2024 |  | N/A |  | (9) |  | 2,068,988 |  |  | 2,073,955 |
Total Debt Obligations |  | $ | 3,969,160 |  |  | $ | 3,572,825 |  |  | $ | 1,144,124 |  |  |  |  |  |  |  |  |  |  | $ | 4,593,410 |  |  | $ | 4,648,313 |
(1) | Collateral includes first mortgage and mezzanine real estate loans and investment grade commercial real estate securities. It does not include the real estate collateralizing such loans and securities.
(2) | Represents uncommitted securities repurchase facilities for which there is no committed amount subject to future advances
(3) | Two additional twelve month periods at Company's option
(4) | One additional 364 day period at Company's option
(5) | One additional twelve month period
(6) | First mortgage commercial real estate loans
(7) | First mortgage and mezzanine commercial real estate loans
(8) | Investment grade commercial real estate securities
(9) | First mortgage and mezzanine commercial real estate loans and investment grade commercial real estate securities
(10) | First mortgage commercial real estate loan
(11) | The obligations under the Revolving Credit Facility are guaranteed by the Company and certain of its subsidiaries and secured by equity pledges in certain Company subsidiaries.
(12) | Using undepreciated value of commercial real estate to approximate fair value
Schedule of contractual payments under all borrowings by maturity | The following schedule reflects the Company’s contractual payments under all borrowings by maturity ($ in thousands):
Period ending December 31, |  | Borrowings by Maturity (1)(2)
2015 (last 3 months) |  | $ | 685,221 |
2016 |  | 1,746,509 |
2017 |  | 610,534 |
2018 |  | 78,502 |
2019 |  | 28,731 |
Thereafter |  | 1,066,535 |
Total |  | $ | 4,216,032 |
(1) Contractual payments under current maturities, some of which are subject to extensions. (2) Includes $612.0 million of the Company’s senior unsecured notes. Refer to Note 8.

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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- Definition The entire disclosure for repurchase agreements. + References Reference 1: 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.(m)(1)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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