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Short-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

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

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

Table 11.1 – Short-Term Debt

		December 31, 2017
(Dollars in Thousands)		Number of Facilities			Outstanding Balance				Limit				Weighted Average Interest Rate			Maturity		Weighted Average Days Until Maturity
Facilities
Residential loan warehouse		4			$	1,039,666			$	1,575,000			3.17	%		1/2018-12/2018		197
Real estate securities repo		9			648,746				—				2.69	%		1/2018-3/2018		28
Total Short-Term Debt Facilities		13			1,688,412
Convertible notes, net		N/A			250,270				—				4.63	%		4/2018		105
Total Short-Term Debt					$	1,938,682

		December 31, 2016
(Dollars in Thousands)		Number of Facilities			Outstanding Balance				Limit				Weighted Average Interest Rate			Maturity		Weighted Average Days Until Maturity
Facilities
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 Short-Term Debt		11			$	791,539

Remaining Maturities of Short Term Debt

The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt as well as our convertible notes at December 31, 2017.

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

		December 31, 2017
(In Thousands)		Within 30 days				31 to 90 days				Over 90 days				Total
Collateral Type
Held-for sale residential loans		$	150,095			$	320,024			$	569,547			$	1,039,666
Real estate securities		517,847				130,899				—				648,746
Total Secured Short-Term Debt		667,942				450,923				569,547				1,688,412
Convertible notes, net		—				—				250,270				250,270
Total Short-Term Debt		$	667,942			$	450,923			$	819,817			$	1,938,682

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- Definition

Schedule of Maturities of Debt Disclosure.

+ 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 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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