Short-Term Debt (Tables)

9 Months Ended

Sep. 30, 2013

Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt

The table below summarizes the facilities that are available to us and the balances of short-term debt at September 30, 2013 and December 31, 2012 by the type of collateral securing the debt.

	September 30, 2013
(Dollars in Thousands)	Number of Facilities		Outstanding		Limit		Maturity
Collateral Type
Residential loans		5	$	461,584	$	1,650,000		11/2013-8/2014
Commercial loans		1		5,514		100,000		4/2014
Real estate securities		7		371,201		-		10/2013-11/2013
Total		13	$	838,299

	December 31, 2012
(Dollars in Thousands)	Number of Facilities		Outstanding		Limit		Maturity
Collateral Type
Residential loans		4	$	179,982	$	800,000		1/2013-11/2013
Real estate securities		7		371,936		-		1/2013-3/2013
Total		11	$	551,918

Short-Term Debt by Weighted Average Interest Rates and Collateral Type

The table below summarizes short-term debt by weighted average interest rates and by collateral type at September 30, 2013 and December 31, 2012.

	September 30, 2013						December 31, 2012
(Dollars in Thousands)	Amount Borrowed		Weighted Average Interest Rate		Weighted Average Days Until Maturity		Amount Borrowed		Weighted Average Interest Rate		Weighted Average Days Until Maturity
Collateral Type
Residential loan collateral	$	461,584		1.74%		157	$	179,982		1.76%		212
Commercial loan collateral		5,514		2.44%		208		-		-		-
Real estate securities collateral		371,201		1.59%		27		371,936		1.83%		23
Total Short-Term Debt	$	838,299		1.68%		100	$	551,918		1.81%		84

Remaining Maturities of Short Term Debt

The following table presents the remaining maturities of short-term debt at September 30, 2013 and December 31, 2012.

(In Thousands)	September 30, 2013		December 31, 2012
Within 30 days	$	345,333	$	362,279
31 to 90 days		206,281		48,848
Over 90 days		286,685		140,791
Total Short-Term Debt	$	838,299	$	551,918