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Short-Term Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

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 March 31, 2015 and December 31, 2014 by the type of collateral securing the debt.

Short-Term Debt

		March 31, 2015
(Dollars in Thousands)		Number of Facilities			Outstanding				Limit				Maturity
Collateral Type
Residential loans		5			$	815,037			$	1,550,000			4/2015-2/2016
Commercial loans		3			80,858				400,000				4/2015-10/2016
Real estate securities		10			606,269				—				4/2015-6/2015
Total		18			$	1,502,164

		December 31, 2014
(Dollars in Thousands)		Number of Facilities			Outstanding				Limit				Maturity
Collateral Type
Residential loans		5			$	1,076,188			$	1,550,000			2/2015-12/2015
Commercial loans		3			109,128				400,000				4/2015-10/2016
Real estate securities		9			608,509				—				1/2015-3/2015
Total		17			$	1,793,825

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 March 31, 2015 and December 31, 2014.

		March 31, 2015									December 31, 2014
(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		$	815,037			1.74	%		191		$	1,076,188			1.74	%		156
Commercial loan collateral		80,858				4.40	%		288		109,128				3.66	%		185
Real estate securities collateral		606,269				1.38	%		26		608,509				1.38	%		20
Total Short-Term Debt		$	1,502,164			1.74	%		130		$	1,793,825			1.73	%		112

Remaining Maturities of Short Term Debt

The following table presents the remaining maturities of short-term debt at March 31, 2015 and December 31, 2014.

(In Thousands)		March 31, 2015				December 31, 2014
Within 30 days		$	427,720			$	515,552
31 to 90 days		269,050				447,021
Over 90 days		805,394				831,252
Total Short-Term Debt		$	1,502,164			$	1,793,825

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- Definition

Schedule of Maturities of Debt Disclosure.

+ References

No definition available.

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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

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Article 5



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)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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