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Borrowings Under Repurchase Agreements | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Borrowings Under Repurchase Agreements | Borrowings Under Repurchase Agreements 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. 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. At March 31, 2016, the Company’s collateralized financings were comprised of borrowings outstanding under the UBS Facility, the DB Facility, the JPMorgan Facility and the Goldman Loan. 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 |  |  |  |  |
The Company was in compliance with the financial covenants under its repurchase agreements at March 31, 2016 and December 31, 2015.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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