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Derivative And Hedging Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Derivative And Hedging Instruments [Abstract]  
Schedule Of Terms Of Interest Rate Cap Agreements

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2013 and December 31, 2012

Facility

(in millions)

   

Facility Name

 

Purpose

 

Start

 

End

 

Notional

(in millions)

   

Cap Interest Rate (1)

$

325.0 

   

Warehouse Facility II

 

Cap Floating Rate

 

07/2011

 

06/2013

 

$

325.0 

   

6.75 

%

   

75.0 

   

Warehouse Facility III

 

Cap Floating Rate

 

09/2010

 

09/2013

 

   

37.5 

   

6.75 

%

   

75.0 

   

Warehouse Facility III

 

Cap Floating Rate

 

06/2012

 

07/2015

 

   

18.8 
(2)
5.00 

%

   

75.0 

   

Warehouse Facility IV

 

Cap Floating Rate

 

08/2011

 

09/2015

 

   

75.0 

   

5.50 

%

 

(1)

Rate excludes the spread over the LIBOR rate or the commercial paper rate, as applicable.

(2)   The notional amount increases to $56.3 million in September 2013 when the original Warehouse Facility III interest rate cap for $37.5 million ends.