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Short-Term Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Short-Term Debt Facilities

The table below summarizes the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information of the short-term debt at March 31, 2017 and December 31, 2016.

Table 11.1 – Short-Term Debt Facilities

		March 31, 2017
(Dollars in Thousands)		Number of Facilities			Outstanding Balance				Limit				Weighted Average Interest Rate			Maturity		Weighted Average Days Until Maturity
Residential loan warehouse		4			$	240,961			$	1,325,000			2.59	%		8/2017-3/2018		285
Real estate securities repo		7			322,812				—				2.11	%		4/2017-6/2017		27
Total		11			$	563,773

		December 31, 2016
(Dollars in Thousands)		Number of Facilities			Outstanding Balance				Limit				Weighted Average Interest Rate			Maturity		Weighted Average Days Until Maturity
Residential loan warehouse		4			$	485,544			$	1,325,000			2.40	%		1/2017-12/2017		206
Real estate securities repo		7			305,995				—				1.91	%		1/2017-3/2017		24
Total		11			$	791,539

Short-Term Debt by Collateral Type and Remaining Maturities

The following table presents the remaining maturities of short-term debt by the type of collateral securing the debt at March 31, 2017.

Table 11.2 – Short-Term Debt by Collateral Type and Remaining Maturities

		March 31, 2017
(In Thousands)		Within 30 days				31 to 90 days				Over 90 days				Total
Collateral Type
Held-for-sale residential loans		$	—			$	—			$	240,961			$	240,961
Real estate securities		262,241				60,571				—				322,812
Total Short-Term Debt		$	262,241			$	60,571			$	240,961			$	563,773

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- Definition

Schedule of Maturities of Debt Disclosure.

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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 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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