Warehouse Borrowings
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2014
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Warehouse Borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warehouse Borrowings | Note 4.—Warehouse Borrowings
The Company, through its subsidiaries, is a party to four Master Repurchase Agreements with lenders providing warehouse facilities. The warehouse facilities are used to fund, and are secured by, residential mortgage loans that are held for sale.
The following table presents certain information on warehouse borrowings and related accrued interest for the periods indicated:
(1) In September 2014, the maturity was extended to September 2015.
(2) In September 2014, the maturity was extended to September 2015. As part of the agreement, the Company has a $40 million sublimit for re-warehousing with $4.3 million outstanding at September 30, 2014. |