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Borrowings Under Repurchase Agreements (Tables) | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Weighted Average Maturities and Interest Rates of Borrowings | At March 31, 2016 and December 31, 2015, the Company’s borrowings had the following debt balances, weighted average maturities and interest rates:
| March 31, 2016 |  | December 31, 2015 |  |
| Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  | Debt Balance |  | Weighted Average Remaining Maturity |  | Weighted Average Rate |  |
UBS Facility borrowings | 133,899 |  |  | 2.5 years | * | 2.8 | % |  | 133,899 |  |  | 2.7 years | * | 2.8 | % |  | Fixed
DB Facility borrowings | 276,868 |  |  | 2.0 years |  | 3.7 | % |  | 300,005 |  |  | 2.3 years |  | 3.7 | % |  | **
JPMorgan Facility borrowings*** | 635,676 |  |  | 2.8 years |  | 2.6 | % |  | 445,942 |  |  | 3.1 years |  | 2.6 | % |  | L+225 - 350
Goldman Loan | 44,873 |  |  | 3.1 years |  | 4.0 | % |  | 45,928 |  |  | 3.3 years |  | 3.8 | % |  | L+350
Total borrowings | $ | 1,091,316 |  |  | 2.5 years |  | 2.9 | % |  | $ | 925,774 |  |  | 2.7 years |  | 2.9 | % |  |
*Assumes extension options are exercised. ** 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. ***The debt balance as of March 31, 2016, includes $115,375 of borrowings that do not count toward the total maximum capacity under the JPMorgan Facility.
Remaining Maturities of Borrowings | At March 31, 2016, 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 | 74,819 |  |  | 202,049 |  |  | — |  |  | — |  |  | 276,868 |
JPMorgan Facility borrowings | 154,266 |  |  | 481,410 |  |  | — |  |  | — |  |  | 635,676 |
Goldman Loan | 4,569 |  |  | 10,581 |  |  | 29,723 |  |  | — |  |  | 44,873 |
Total | $ | 238,658 |  |  | $ | 822,935 |  |  | $ | 29,723 |  |  | $ | — |  |  | $ | 1,091,316 |
*Assumes extension option is exercised.
Schedule of Outstanding, Maximum and Average Balances of Debt | The table below summarizes the outstanding balances at March 31, 2016, as well as the maximum and average balances for the three months ended March 31, 2016 for the Company's borrowings under repurchase agreements.
|  |  | For the three months ended March 31, 2016
| Balance at March 31, 2016 |  | Maximum Month-End Balance |  | Average Month-End Balance
UBS Facility borrowings | 133,899 |  |  | 133,899 |  |  | $ | 133,899 |
DB Facility borrowings | 276,868 |  |  | 300,005 |  |  | 290,076 |
JPMorgan Facility borrowings | 635,676 |  |  | 635,676 |  |  | 556,124 |
Goldman Loan | 44,873 |  |  | 45,928 |  |  | 45,665 |
Total | $ | 1,091,316 |  |  |  |  |

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