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Short-Term Debt (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
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