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Mortgage Loans Held For Investment And Related Assets (Tables)

3 Months Ended

Jul. 31, 2011

Mortgage Loans Held For Investment And Related Assets

Schedule Of Mortgage Loan Portfolio


									(dollars in 000s)
As of		July 31, 2011					April 30, 2011
		Amount		% of Total			Amount		% of Total

Adjustable-rate loans	$	320,539		58	%	$	333,828		58	%
Fixed-rate loans		233,452		42	%		239,146		42	%
		553,991		100	%		572,974		100	%
Unamortized deferred fees and costs		3,975					4,121
Less: Allowance for loan losses		(91,303	)				(92,087	)
	$	466,663				$	485,008

Schedule Of Allowance For Loan Losses


							(in 000s)
Three months ended July 31,		2011			2010

Balance, beginning of the period	$	92,087		$	93,535
Provision		5,625			8,000
Recoveries		49			33
Charge-offs		(6,458	)		(13,172	)
Balance, end of the period	$	91,303		$	88,396

Schedule Of Portfolio Balance


								(in 000s)
As of		July 31, 2011				April 30, 2011
	Portfolio Balance Related Allowance					Portfolio Balance Related Allowance

Pooled (less than 60 days past due)	$	290,762	$	10,914	$	304,325	$	11,238
Impaired:
Individually (TDRs)		95,417		9,499		106,328		11,056
Individually (60 days or more past due)		167,812		70,890		162,321		69,793
	$	553,991	$	91,303	$	572,974	$	92,087

Schedule Of Portfolio Balance And Related Allowance


		Outstanding		Loan Loss Allowance			% 30	+ Days
		Principal Balance		Amount	% of Principal		Past Due
Purchased from SCC	$	346,695	$	80,640	23.3	%	44.8	%
All other		207,296		10,663	5.1	%	12.4	%
	$	553,991	$	91,303	16.5	%	32.7	%

Schedule Of Credit Quality Indicators And Portfolio Balance


						(in 000s)
Credit Quality Indicators		Purchased from SCC		All Other		Total Portfolio

Occupancy status:
Owner occupied	$	244,259	$	132,132	$	376,391
Non-owner occupied		102,436		75,164		177,600
	$	346,695	$	207,296	$	553,991
Documentation level:
Full documentation	$	105,547	$	150,972	$	256,519
Limited documentation		10,447		22,411		32,858
Stated income		198,898		21,168		220,066
No documentation		31,803		12,745		44,548
	$	346,695	$	207,296	$	553,991
Internal risk rating:
High	$	143,931	$	357	$	144,288
Medium		202,764		-		202,764
Low		-		206,939		206,939
	$	346,695	$	207,296	$	553,991

Schedule Of Past Due Mortgage Loans

													(in 000s)
		Less than 60		60 – 89	Days		90+ Days		Total
		Days Past Due		Past Due			Past Due ⁽¹⁾		Past Due		Current		Total
Purchased from SCC	$	35,960	$	8,886		$	133,767	$	178,613	$	168,082	$	346,695
All other		10,470		1,735			20,479		32,684		174,612		207,296
	$	46,430	$	10,621		$	154,246	$	211,297	$	342,694	$	553,991

^{(1)^{No loans past due 90 days or more are still accruing interest}}

Schedule Of Non-Accrual Loans


				(in 000s)
As of		July 31, 2011		April 30, 2011
Loans:
Purchased from SCC	$	138,277	$	143,358
Other		22,964		14,106
		161,241		157,464
TDRs:
Purchased from SCC		3,767		2,849
Other		178		329
		3,945		3,178
Total non-accrual loans	$	165,186	$	160,642

Information Related To Impaired Loans

Information related to impaired loans is as follows:


										(in 000s)

		Portfolio Balance				Portfolio Balance				Total
		With Allowance				With No Allowance				Portfolio Balance				Related Allowance


As of July 31, 2011:
Purchased from SCC		$	180,494			$	47,081			$	227,575			$	70,964
Other			27,954				7,700				35,654				9,425

		$	208,448			$	54,781			$	263,229			$	80,389

As of April 30, 2011:
Purchased from SCC ⁽¹⁾		$	180,387			$	51,674			$	232,061			$	71,733
Other ⁽¹⁾			29,027				7,561				36,588				9,116

		$	209,414			$	59,235			$	268,649			$	80,849


⁽¹⁾		Classification of amounts as of April 30, 2011 have been restated to conform to the current period presentation.

Schedule Of Allowance For Impaired Loans


				(in 000s)
As of		July 31, 2011		April 30, 2011

Portion of total allowance for loan losses allocated
to impaired loans and TDR loans:
Based on collateral value method	$	70,890	$	69,794
Based on discounted cash flow method		9,499		11,055
	$	80,389	$	80,849

Information Related To Activities Of Non-Performing Assets


		(in 000s)

Three Months Ended July 31,		2011				2010


Average impaired loans:
Purchased from SCC		$	230,150
All other			36,477

		$	266,627			$	303,767

Interest income on impaired loans:
Purchased from SCC		$	1,556
All other			119

		$	1,675			$	1,749

Interest income on impaired loans recognized on a cash basis on non-accrual status:
Purchased from SCC		$	1,498
All other			114

		$	1,612			$	1,636

Schedule Of Real Estate Owned


							(in 000s)
Three months ended July 31,		2011			2010

Balance, beginning of the period	$	19,532		$	29,252
Additions		1,573			6,527
Sales		(3,722	)		(8,827	)
Writedowns		(793	)		(643	)
Balance, end of the period	$	16,590		$	26,309