XML 99 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2014
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
Schedule IV - Mortgage Loans on Real Estate


December 31, 2014

Asset Type
 
Number
 
Interest
Rate
 
Maturity
Date Range
 
Balance Sheet Reported Amount
 
Principal Amount of Loans Subject to Delinquent Principal or Interest
(Dollars in Thousands)
 
 
 
 
 
 
 
 
 
 
Residential whole loans at carrying value
 
1,417

 
0.00%-13.08%
 
8/1/2014-12/1/2057
 
$
207,923

 
$
82,107

Residential whole loans at fair value
 
885

 
2.00%-13.50%
 
2/1/2004-11/1/2054
 
143,472

 
170,802

 
 
 
 
 
 
 
 
$
351,395

 
$
252,909



The following table summarizes the changes in the carrying amounts of residential whole loans during 2014.

Reconciliation of Balance Sheet Reported Amounts of Mortgage Loans on Real Estate

 
 
For the Year Ended December 31, 2014
(In Thousands)
 
Residential whole loans at carrying value
 
Residential whole loans at fair value
Beginning Balance
 
$
—

 
$
—

Additions during period:
 
 
 
 
Purchases and capitalized advances
 
212,561

 
147,471

Accretion of purchase discount
 
3,996

 
N/A

Deductions during period:
 
 
 
 
Collection of principal
 
(4,978
)
 
(1,038
)
Collection of interest
 
(3,519
)
 
—

Changes in fair value recorded in Gain on loans recorded at fair value
 
N/A

 
(388
)
Provision for loan loss
 
(137
)
 
N/A

Transfer to REO
 
—

 
(2,573
)
Ending Balance
 
$
207,923

 
$
143,472