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4. Debt

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Debt

The terms and amounts of our other debt outstanding at June 30, 2016 and December 31, 2015 are summarized below:

								Amount Outstanding at
								June 30,				December 31,
								2016				2015
								(In thousands)
Description		Interest Rate		Maturity
Warehouse lines of credit		5.50% over one month Libor (Minimum 6.50%)			April 2019			$	78,404			$	91,504
		5.50% over one month Libor (Minimum 6.25%)			August 2017				40,079				73,940
		6.75% over a commercial paper rate (Minimum 7.75%)			November 2019				48,123				31,017
Residual interest financing		11.75% over one month Libor			April 2018				7,455				9,042
Subordinated renewable notes		Weighted average rate of 8.70% and 9.04% at June 30, 2016 and December 31, 2015 , respectively			Weighted average maturity of February 2018 and October 2017 at June 30, 2016 and December 31, 2015, respectively				15,257				15,138
								$	189,318			$	220,641

Debt issuance costs of $1.5 million and $2.4 million as of June 30, 2016 and December 31, 2015, respectively, have been excluded from the table above. These debt issuance costs are presented as a direct deduction to the carrying amount of the Warehouse lines of credit on our Unaudited Condensed Consolidated Balance Sheets.

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- References

No definition available.

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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 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

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