Short-Term Debt (Tables)

6 Months Ended

Jun. 30, 2014

Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt

The table below summarizes the facilities that are available to us and the balances of short-term debt at June 30, 2014 and December 31, 2013 by the type of collateral securing the debt.


	June 30, 2014
(Dollars in Thousands)	Number of Facilities		Outstanding		Limit		Maturity
Collateral Type
Residential loans		5	$	852,267	$	1,400,000		7/2014-4/2015
Commercial loans		1		12,413		100,000		4/2015
Real estate securities		9		853,750		-		7/2014-9/2014

Total		15	$	1,718,430


	December 31, 2013
(Dollars in Thousands)	Number of Facilities		Outstanding		Limit		Maturity
Collateral Type
Residential loans		5	$	184,789	$	1,400,000		1/2014 - 12/2014
Commercial loans		1		-		100,000		4/2014
Real estate securities		7		677,974		-		1/2014 - 2/2014

Total		13	$	862,763

Short-Term Debt by Weighted Average Interest Rates and Collateral Type

The table below summarizes short-term debt by weighted average interest rates and by collateral type at June 30, 2014 and December 31, 2013.


	June 30, 2014						December 31, 2013
(Dollars in Thousands)	Amount Borrowed		Weighted Average Interest Rate		Weighted Average Days Until Maturity		Amount Borrowed		Weighted Average Interest Rate		Weighted Average Days Until Maturity
Collateral Type
Residential loan collateral	$	852,267		1.72%		138	$	184,789		1.71%		228
Commercial loan collateral		12,413		2.40%		300		-		-		-
Real estate securities collateral		853,750		1.31%		16		677,974		1.34%		15

Total Short-Term Debt	$	1,718,430		1.52%		78	$	862,763		1.42%		61

Remaining Maturities of Short Term Debt

The following table presents the remaining maturities of short-term debt at June 30, 2014 and December 31, 2013.


(In Thousands)	June 30, 2014		December 31, 2013
Within 30 days	$	1,069,160	$	659,262
31 to 90 days		186,227		54,434
Over 90 days		463,043		149,067

Total Short-Term Debt	$	1,718,430	$	862,763