Derivative and Hedging Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Terms of Interest Rate Cap Agreements

The following tables provide the terms of our interestrate cap agreements that were in effect as of March 31, 2015 and December 31, 2014:

As of March 31, 2015
Facility (in millions)		Facility Name	Purpose	Start	End	Notional (in millions)		Cap Interest Rate (1)
$	325.0	Warehouse Facility II	Cap Floating Rate	12/2014	06/2016	$	325.0	5.50	%
75.0		Warehouse Facility IV	Cap Floating Rate	08/2011	09/2015	18.0		5.50	%
75.0		Warehouse Facility IV	Cap Floating Rate	03/2014	03/2017	57.0		5.50	%
75.0		Warehouse Facility V	Cap Floating Rate	06/2012	07/2015	56.3		5.00	%

As of December 31, 2014
Facility (in millions)		Facility Name	Purpose	Start	End	Notional (in millions)		Cap Interest Rate (1)
$	325.0	Warehouse Facility II	Cap Floating Rate	12/2014	06/2016	$	325.0	5.50	%
75.0		Warehouse Facility IV	Cap Floating Rate	08/2011	09/2015	29.3		5.50	%
75.0		Warehouse Facility IV	Cap Floating Rate	03/2014	03/2017	45.7		5.50	%
75.0		Warehouse Facility V	Cap Floating Rate	06/2012	07/2015	56.3		5.00	%

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