4. Debt

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Debt

The terms and amounts of our other debt outstanding at June 30, 2017 and December 31, 2016 are summarized below:

			Amount Outstanding at
			June 30,		December 31,
			2017		2016
			(In thousands)
Description	Interest Rate	Revolving Maturity
Warehouse lines of credit	5.50% over one month Libor (Minimum 6.50%)	April 2019	$	60,602	$	64,352
	5.50% over one month Libor (Minimum 6.25%)	August 2018		41,539		26,445
	6.75% over a commercial paper rate (Minimum 7.75%)	November 2017		30,853		14,168
Subordinated renewable notes	Weighted average rate of 7.55% and 7.50% at June 30, 2017 and December 31, 2016 , respectively	Weighted average maturity of July 2019 and January 2019 at June 30, 2017 and December 31, 2016, respectively		16,080		14,949
			$	149,074	$	119,914

Debt issuance costs of $1.7 million and $1.6 million as of June 30, 2017 and December 31, 2016, 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. 

In April 2017, we renewed our $100 million warehouse credit line that was first established in May 2012. There was $60.6 million outstanding under this facility at June 30, 2017. The revolving period for this facility was extended to April 2019 followed by an amortization period through April 2021 for any receivables pledged at the end of the revolving period.