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Non-Recourse Collateralized Financing (Notes)
 12 Months Ended
Dec. 31, 2013
Non-Recourse Collateralized Financing [Abstract]  
Non-Recourse Debt
NON-RECOURSE COLLATERALIZED FINANCING

The Company has one class of its single-family securitization financing bond outstanding as of December 31, 2013 with an estimated weighted average life remaining of 3.1 years. The interest rate on this bond is based on 1-month LIBOR plus 0.30%. The following table summarizes information about the Company’s non-recourse collateralized financing as of the dates indicated:
 
December 31, 2013
 
December 31, 2012
 
Balance Outstanding
 
Value of
Collateral
 
Balance Outstanding
 
Value of
Collateral
Secured by single-family mortgage loans
$
13,134

 
$
13,950

 
$
15,974

 
$
17,309

Secured by non-Agency CMBS
—

 
—

 
15,000

 
15,825

Unamortized bond premium
(220
)
 
n/a

 
(470
)
 
n/a

 
$
12,914

 
$
13,950

 
$
30,504

 
$
33,134


The following table presents a summary of the changes in the carrying value of the Company's non-recourse collateralized financing for the year ended December 31, 2013:
 
Secured by Non-Agency CMBS
 
Secured by Single-Family Mortgage Loans
 
Total
Balance, December 31, 2012
$
14,807

 
$
15,697

 
$
30,504

Principal repayments
(15,000
)
 
(2,839
)
 
(17,839
)
Amortization of bond premium
193

 
56

 
249

Balance, December 31, 2013
$
—

 
$
12,914

 
$
12,914