Collateralized Transactions (Tables)

6 Months Ended

Jun. 30, 2018

As of June 30, 2018, the Company had the following lines available and borrowings outstanding (in thousands):

			June 30, 2018
	Committed Lines		Uncommitted Lines		Total Outstanding		Stated Spread to One Month LIBOR	Rate Type
Warehouse line due August 20, 2018 ¹	$	450,000	$	—	$	258,782	130 bps	Variable
Warehouse line due September 25, 2018		200,000	—			114,503	130 bps	Variable
Warehouse line due October 11, 2018 ²		300,000		—		130,440	130 bps	Variable
Fannie Mae repurchase agreement, open maturity	—			325,000		36,846	120 bps	Variable
	$	950,000	$	325,000	$	540,571

¹ On July 19, 2018, the maturity date was extended to June 19, 2019.

² The warehouse line was temporarily increased by $300.0 million to $600.0 million for the period of July 2, 2018 to August 16, 2018.

As of December 31, 2017, the Company had the following lines available and borrowings outstanding (in thousands):

			December 31, 2017
	Committed Lines		Uncommitted Lines		Total Outstanding		Stated Spread to One Month LIBOR	Rate Type
Warehouse line due June 20, 2018 ¹	$	450,000	$	-	$	60,715	130 bps	Variable
Warehouse line due September 25, 2018		200,000		-		107,383	130 bps	Variable
Warehouse line due October 11, 2018		300,000		-		174,102	130 bps	Variable
Fannie Mae repurchase agreement, open maturity		-		325,000		18,240	120 bps	Variable
	$	950,000	$	325,000	$	360,440

¹ On June 8, 2018, the maturity date was extended to August 20, 2018.