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Borrowings Under Repurchase Agreements (Tables) | 6 Months Ended
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Jun. 30, 2014
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At June 30, 2014 and December 31, 2013, the Company’s borrowings had the following debt balances, weighted average maturities and interest rates:
| June 30, 2014 |  | December 31, 2013 |  |
| Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  | Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  |
Wells Facility borrowings | $ | 26,774 |  |  | 0.7 years |  | 1.0 | % |  | $ | 47,751 |  |  | 0.2 years | * | 1.2 | % |  | **
UBS Facility borrowings | 133,899 |  |  | 4.2 years | * | 2.8 | % |  | 133,899 |  |  | 4.7 years |  | 2.8 | % |  | Fixed
DB Facility borrowings | 138,853 |  |  | 3.8 years |  | 3.8 | % |  | — |  |  | 0.0 years |  | — | % |  | ***
JPMorgan Facility borrowings | 146,698 |  |  | 0.6 years |  | 2.7 | % |  | 20,383 |  |  | 1.1 years |  | 2.7 | % |  | L+250
Total borrowings | $ | 446,224 |  |  | 2.7 years |  | 2.9 | % |  | $ | 202,033 |  |  | 3.3 years |  | 2.4 | % |  |
*Assumes extension options are exercised. **At December 31, 2013, borrowings outstanding under the Wells Facility bore interest at LIBOR plus 105 basis points. At June 30, 2014, borrowings outstanding under the Wells Facility bore interest at LIBOR plus 80 basis points. *** Advances under the DB Facility accrue interest at a per annum pricing rate based on the rate implied by the fixed rate bid under a fixed for floating interest rate swap for the receipt of payments indexed to three-month U.S. dollar LIBOR, plus a financing spread ranging from 1.80% to 2.32% based on the rating of the collateral pledged.
Remaining Maturities of Borrowings | At June 30, 2014, the Company’s borrowings had the following remaining maturities:
| Less than 1 year |  | 1 to 3 years |  | 3 to 5 years |  | More than 5 years |  | Total
Wells Facility borrowings | $ | 26,774 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 26,774 |
UBS Facility borrowings * | — |  |  | 55,046 |  |  | 78,853 |  |  | — |  |  | 133,899 |
DB Facility borrowings | — |  |  | 90,790 |  |  | 48,063 |  |  | — |  |  | 138,853 |
JPMorgan Facility borrowings | 146,698 |  |  | — |  |  | — |  |  | — |  |  | 146,698 |
Total | $ | 173,472 |  |  | $ | 145,836 |  |  | $ | 126,916 |  |  | $ | — |  |  | $ | 446,224 |
*Assumes extension option is exercised.
Schedule of Outstanding, Maximum and Average Balances of Debt | The table below summarizes the outstanding balances at June 30, 2014, as well as the maximum and average balances for the six months ended June 30, 2014.
|  |  | For the six months ended June 30, 2014
| Balance at June 30, 2014 |  | Maximum Month-End Balance |  | Average Month-End Balance
Wells Facility borrowings | $ | 26,774 |  |  | $ | 47,751 |  |  | $ | 34,322 |
UBS Facility borrowings | 133,899 |  |  | 133,899 |  |  | 133,899 |
DB Facility borrowings | 138,853 |  |  | 138,853 |  |  | 50,512 |
JPMorgan Facility borrowings | 146,698 |  |  | 146,741 |  |  | 65,635 |
Total | $ | 446,224 |  |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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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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