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Borrowings Under Repurchase Agreements (Tables) | 9 Months Ended
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Sep. 30, 2015
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At September 30, 2015 and December 31, 2014, the Company’s borrowings outstanding under the Wells Facility, the UBS Facility, the DB Facility, the JPMorgan Facility and the Goldman Loan had the following debt balances, weighted average maturities and interest rates:
| September 30, 2015 |  | December 31, 2014 |  |
| Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  | Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  |
Wells Facility borrowings | $ | — |  |  | — |  |  | — | % |  | $ | 20,166 |  |  | 0.2 years |  |  | 1.0 | % |  | **
UBS Facility borrowings | 133,899 |  |  | 3.0 years |  | * | 2.8 | % |  | 133,899 |  |  | 3.7 years |  | * | 2.8 | % |  | Fixed
DB Facility borrowings | 300,005 |  |  | 2.5 years |  |  | 3.7 | % |  | 300,005 |  |  | 3.3 years |  |  | 3.7 | % |  | ***
JPMorgan Facility borrowings | 253,481 |  |  | 2.3 years |  |  | 2.5 | % |  | 168,124 |  |  | 0.1 years |  |  | 2.7 | % |  | L+225 - 350
Goldman Loan | 48,052 |  |  | 3.6 years |  |  | 3.7 | % |  | — |  |  | — |  |  | — | % |  | L+350
Total borrowings | $ | 735,437 |  |  | 2.5 years |  |  | 3.0 | % |  | $ | 622,194 |  |  | 3.2 years |  |  | 3.2 | % |  |
*Assumes extension options are exercised. **At December 31, 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 September 30, 2015, 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
UBS Facility borrowings * | $ | 5,004 |  |  | $ | 128,895 |  |  | $ | — |  |  | $ | — |  |  | $ | 133,899 |
DB Facility borrowings | 58,552 |  |  | 241,453 |  |  | — |  |  | — |  |  | 300,005 |
JPMorgan Facility borrowings | 1,177 |  |  | 252,304 |  |  |  |  |  |  |  |  | 253,481 |
Goldman Loan | 3,126 |  |  | 10,581 |  |  | 34,345 |  |  |  |  |  | 48,052 |
Total | $ | 67,859 |  |  | $ | 633,233 |  |  | $ | 34,345 |  |  | $ | — |  |  | $ | 735,437 |
*Assumes extension option is exercised.
Schedule of Outstanding, Maximum and Average Balances of Debt | The table below summarizes the outstanding balances at September 30, 2015, as well as the maximum and average balances for the nine months ended September 30, 2015 for the Company's borrowings under repurchase agreements.
|  |  | For the nine months ended September 30, 2015
| Balance at September 30, 2015 |  | Maximum Month-End Balance |  | Average Month-End Balance
Wells Facility borrowings | $ | — |  |  | $ | 22,254 |  |  | $ | 4,242 |
UBS Facility borrowings | 133,899 |  |  | 133,899 |  |  | $ | 133,899 |
DB Facility borrowings | 300,005 |  |  | 300,005 |  |  | 300,005 |
JPMorgan Facility borrowings | 253,481 |  |  | 395,572 |  |  | 244,678 |
Goldman Loan | 48,052 |  |  | 52,524 |  |  | 45,259 |
Total | $ | 735,437 |  |  |  |  |

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