Amount Outstanding at

September 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

$

30,418

$

64,352

5.50% over one month Libor (Minimum 6.25%)

August 2018

51,586

26,445

6.75% over a commercial paper rate (Minimum 7.75%)

November 2017

25,912

14,168

Subordinated renewable notes

Weighted average rate of 7.85% and 7.50% at September 30, 2017 and December 31, 2016, respectively

Weighted average maturity of October 2019 and January 2019 at September 30, 2017 and December 31, 2016, respectively

16,229

14,949

$

124,145

$

119,914