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5. Debt | 9 Months Ended
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Sep. 30, 2014
Debt Disclosure [Abstract] |
Debt | The terms and amounts of our other debt outstanding at September 30, 2014 and December 31, 2013 are summarized below:
|  |  |  |  |  | Amount Outstanding at |
|  |  |  |  |  | September 30, |  |  | December 31, |
|  |  |  |  |  | 2014 |  |  | 2013 |
|  |  |  |  |  | (In thousands) |
Description |  | Interest Rate |  | Maturity |  |  |  |  |  |
Warehouse lines of credit |  | 5.73% over one month Libor (Minimum 6.73%) |  | March 2017 |  | $ | 27,545 |  |  | $ | 9,452 |
|  | 5.50% over one month Libor (Minimum 6.25%) |  | August 2017 |  |  | 31,897 |  |  |  | – |
Residual interest financing |  | 11.75% over one month Libor |  | April 2018 |  |  | 12,767 |  |  |  | 19,096 |
Debt secured by receivables measured at fair value |  | n/a |  | Repayment is based on payments from underlying receivables. Final payment of the 8.00% loan was made in September 2013, with residual payments extending through 2016 |  |  | 3,170 |  |  |  | 13,117 |
Senior secured debt, related party |  | 13.00% |  | n/a |  |  | – |  |  |  | 37,128 |
|  | 5.00% |  | n/a |  |  | – |  |  |  | 1,431 |
Subordinated renewable notes |  | Weighted average rate of 10.8% and 12.5% at September 30, 2014 and December 31, 2013, respectively |  | Weighted average maturity of May 2016 and July 2015 at September 30, 2014 and December 31, 2013, respectively |  |  | 15,493 |  |  |  | 19,142 |
|  |  |  |  |  | $ | 90,872 |  |  | $ | 99,366 |
In January and March 2014 we prepaid, without penalty, $10 million and $28.4 million, respectively, of senior secured debt, related party. The debt was scheduled to mature in June 2014.

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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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: 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 + Details
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