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Borrowings (Details) (USD $)
9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2013
item
Sep. 30, 2012
Dec. 31, 2012
Sep. 30, 2013
PMT
Sale and assignment agreement
Sep. 30, 2013
Loan Repo Facility
Sep. 30, 2012
Loan Repo Facility
Sep. 30, 2013
Loan Repo Facility
Sep. 30, 2012
Loan Repo Facility
Sep. 30, 2013
Loan Repo Facility
Bank of America, N.A.
Sep. 30, 2013
Loan Repo Facility
Credit Suisse First Boston Mortgage Capital LLC
Sep. 30, 2013
Loan Repo Facility
Within 30 days
Sep. 30, 2013
Loan Repo Facility
Over 30 to 90 days
Sep. 30, 2013
Loan Repo Facility
Overnight cost-of funds rate
item
Sep. 30, 2013
Loan Repo Facility
LIBOR
item
Mortgage loans sold under agreement to repurchase                            
Number of borrowing facilities 4                          
Number of borrowing facilities that provide for sales of mortgage loans under agreements to repurchase 3                       1 2
Number of secured note payable borrowing facilities 1                          
Period end:                            
Balance $ 387,883,000   $ 393,534,000   $ 387,883,000 $ 361,478,000 $ 387,883,000 $ 361,478,000     $ 423,000 $ 387,460,000    
Unused amount         612,117,000 88,522,000 612,117,000 88,522,000            
Weighted average interest rate (as a percent)         1.82% 2.38% 1.82% 2.38%            
Fair value of mortgage loans securing agreements to repurchase 522,031,000   438,850,000   522,031,000 408,415,000 522,031,000 408,415,000            
During the period:                            
Average balance of mortgage loans sold under agreements to repurchase         373,386,000 219,047,000 354,125,000 146,425,000            
Weighted-average interest rate (as a percent)         1.89% 2.23% 2.02% 2.18%            
Total interest expense         2,920,000 1,682,000 8,251,000 3,583,000            
Maximum daily amount outstanding         588,494,000 361,588,000 623,523,000 361,588,000            
Amortization of commitment fees excluded from calculation of Weighted average interest rate 3,714,000 1,261,000     1,100,000 423,000 2,800,000 1,100,000            
Weighted-average maturity             2 months 18 days              
Amount at risk                 45,516,000 89,917,000        
Deposit with loan repurchase agreement counterparties         1,500,000   1,500,000              
Maturity period from any particular date of determination                   364 days        
Proceeds from sale of right to receive excess cash flow generated from the pool of mortgage loans       2,800,000                    
Carrying amount of the financing       $ 2,900,000