The following table details our repurchase obligations outstanding ($ in thousands):


	June 30, 2014										Dec. 31, 2013
	Maximum		Collateral		Repurchase Borrowings⁽³⁾						Borrowings
Lender	Facility Size⁽¹⁾		Assets⁽²⁾		Potential		Outstanding		Available		Outstanding
Revolving Repurchase Facilities
Bank of America	$	500,000	$	517,280	$	406,653	$	387,653	$	19,000	$	271,320
Citibank		500,000		611,459		461,556		351,245		110,311		334,692
JP Morgan⁽⁴⁾		510,697		467,722		354,776		293,600		61,176		257,610
Wells Fargo		500,000		301,083		231,600		190,125		41,475		—
Morgan Stanley⁽⁵⁾		425,875		169,804		135,765		135,765		—		—
MetLife		500,000		214,524		165,369		165,369		—		—

Subtotal		2,936,572		2,281,872		1,755,719		1,523,757		231,962		863,622

Asset-Specific Repurchase Agreements
Wells Fargo⁽⁶⁾		148,110		155,184		120,485		120,485		—		245,731
Goldman Sachs		194,400		169,260		135,408		135,408		—		—

Total	$	3,279,082	$	2,606,316	$	2,011,612	$	1,779,650	$	231,962	$	1,109,353

(1)	Maximum facility size represents the total amount of borrowings provided for in each repurchase agreement, however these borrowings are only available to us once sufficient collateral assets have been pledged under each facility.

(2)	Represents the principal balance of the collateral assets.

(3)	Potential borrowings represent the total amount we could draw under each facility based on collateral already approved and pledged. When undrawn, these amounts are immediately available to us at our sole discretion under the terms of each revolving credit facility.

(4)	The JP Morgan maximum facility size is composed of a $250.0 million facility and a £153.0 million ($260.7 million) facility.

(5)	The Morgan Stanley maximum facility size represents a £250.0 million ($425.9 million) facility.

(6)	Represents an aggregate of two asset-specific repurchase agreements with Wells Fargo.