Short-Term Debt (Tables)

6 Months Ended

Jun. 30, 2015

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 June 30, 2015 and December 31, 2014 by the type of collateral securing the debt.

Short-Term Debt



	June 30, 2015
(Dollars in Thousands)	Number of Facilities	Outstanding		Limit		Maturity
Collateral Type
Residential loans	5	$	776,824	$	1,800,000	7/2015-6/2016
Commercial loans	3	96,849		450,000		9/2015-10/2016
Real estate securities	8	493,389		—		7/2015-9/2015
Total	16	$	1,367,062



	December 31, 2014
(Dollars in Thousands)	Number of Facilities	Outstanding		Limit		Maturity
Collateral Type
Residential loans	5	$	1,076,188	$	1,550,000	2/2015-12/2015
Commercial loans	3	109,128		400,000		4/2015-10/2016
Real estate securities	9	608,509		—		1/2015-3/2015
Total	17	$	1,793,825

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 June 30, 2015.



	June 30, 2015
(Dollars in Thousands)	Amount Borrowed		Weighted Average Interest Rate		Weighted Average Days Until Maturity
Collateral Type
Residential loan collateral	$	776,824	1.73	%	233
Commercial loan collateral	96,849		3.92	%	185
Real estate securities collateral	493,389		1.43	%	22
Total Short-Term Debt	$	1,367,062	1.78	%	154

Remaining Maturities of Short Term Debt

The following table presents the remaining maturities of short-term debt at June 30, 2015 and December 31, 2014.



	June 30, 2015
(In Thousands)	Within 30 days		31 to 90 days		Over 90 days		Total
Collateral Type
Residential loans	$	—	$	—	$	776,824	$	776,824
Commercial loans	—		52,224		44,625		96,849
Real estate securities	363,099		127,864		2,426		493,389
Total Short-Term Debt	$	363,099	$	180,088	$	823,875	$	1,367,062



	December 31, 2014
(In Thousands)	Within 30 days		31 to 90 days		Over 90 days		Total
Collateral Type
Residential loans	$	—	$	354,064	$	722,124	$	1,076,188
Commercial loans	—		—		109,128		109,128
Real estate securities	515,552		92,957		—		608,509
Total Short-Term Debt	$	515,552	$	447,021	$	831,252	$	1,793,825