Short-Term Debt Facilities |
The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at March 31, 2018 and December 31, 2017. Table 11.1 – Short-Term Debt | | | | | | | | | | | | | | | | | | | | | | March 31, 2018 | (Dollars in Thousands) | | Number of Facilities | | Outstanding Balance | | Limit | | Weighted Average Interest Rate | | Maturity | | Weighted Average Days Until Maturity | Facilities | | | | | | | | | | | | | Residential loan warehouse | | 4 |
| | $ | 661,782 |
| | $ | 1,425,000 |
| | 3.51 | % | | 8/2018-3/2019 | | 246 | Real estate securities repo | | 8 |
| | 592,294 |
| | — |
| | 3.03 | % | | 4/2018-6/2018 | | 27 | Total Short-Term Debt Facilities | | 12 |
| | 1,254,076 |
| | | | | | | | | Convertible notes, net | | N/A |
| | 250,384 |
| | — |
| | 4.63 | % | | 4/2018 | | 15 | Total Short-Term Debt | |
| | $ | 1,504,460 |
| | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | December 31, 2017 | (Dollars in Thousands) | | Number of Facilities | | Outstanding Balance | | Limit | | Weighted Average Interest Rate | | Maturity | | Weighted Average Days Until Maturity | Facilities | | | | | | | | | | | | | Residential loan warehouse | | 4 |
| | $ | 1,039,666 |
| | $ | 1,575,000 |
| | 3.17 | % | | 1/2018-12/2018 | | 197 | Real estate securities repo | | 9 |
| | 648,746 |
| | — |
| | 2.69 | % | | 1/2018-3/2018 | | 28 | Total Short-Term Debt Facilities | | 13 |
| | 1,688,412 |
| | | | | | | | | Convertible notes, net | | N/A |
| | 250,270 |
| | — |
| | 4.63 | % | | 4/2018 | | 105 | Total Short-Term Debt | | | | $ | 1,938,682 |
| | | | | | | | |
|
Short-Term Debt by Collateral Type and Remaining Maturities |
The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt as well as our convertible notes at March 31, 2018. Table 11.2 – Short-Term Debt by Collateral Type and Remaining Maturities | | | | | | | | | | | | | | | | | | | | March 31, 2018 | (In Thousands) | | Within 30 days | | 31 to 90 days | | Over 90 days | | Total | Collateral Type | | | | | | | | | Held-for-sale residential loans | | $ | — |
| | $ | — |
| | $ | 661,782 |
| | $ | 661,782 |
| Real estate securities | | 445,380 |
| | 146,914 |
| | — |
| | 592,294 |
| Total Secured Short-Term Debt | | 445,380 |
| | 146,914 |
| | 661,782 |
| | 1,254,076 |
| Convertible notes, net | | 250,384 |
| | — |
| | — |
| | 250,384 |
| Total Short-Term Debt | | $ | 695,764 |
| | $ | 146,914 |
| | $ | 661,782 |
| | $ | 1,504,460 |
|
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