Mortgage Loans Held For Investment And Related Assets (Tables)

12 Months Ended

Apr. 30, 2012

Mortgage Loans Held For Investment And Related Assets [Abstract]

Schedule Of Mortgage Loan Portfolio

	(dollars in 000s)
	2012					2011
As of April 30,	Amount		% of Total			Amount		% of Total
Adjustable-rate loans	$	238,442		56	%	$	333,828		58	%
Fixed-rate loans		190,870		44	%		239,146		42	%
		429,312		100	%		572,974		100	%
Unamortized deferred fees and costs		3,429					4,121
Less: Allowance for loan losses		(26,540)					(92,087)
	$	406,201				$	485,008

Schedule Of Allowance For Loan Losses

	(in 000s)
Year ended April 30,	2012			2011			2010
Balance at beginning of the year	$	92,087		$	93,535		$	84,073
Provision		24,075			35,567			47,750
Recoveries		292			272			88
Charge-offs		(89,914	)		(37,287	)		(38,376	)
Balance at end of the year	$	26,540		$	92,087		$	93,535

Schedule Of Portfolio Balance And Related Allowance

	(in 000s)
	2012				2011
As of April 30,	Portfolio Balance		Related Allowance		Portfolio Balance		Related Allowance
Pooled (less than 60 days past due)	$	248,772	$	9,237	$	304,325	$	11,238
Impaired:
Individually (TDRs)		71,949		7,752		106,328		11,056
Individually (60 days or more past due)		108,591		9,551		162,321		69,793
	$	429,312	$	26,540	$	572,974	$	92,087

Schedule Of Mortgage Loans Held For Investment And The Related Allowance

	(dollars in 000s)
	Outstanding		Loan Loss Allowance					% 30+ Days
	Principal Balance		Amount		% of Principal			Past Due
Purchased from SCC	$	251,857	$	22,109		8.8	%		36.7	%
All other		177,455		4,431		2.5	%		9.3	%
	$	429,312	$	26,540		6.2	%		25.4	%

Schedule Of Credit Quality Indicators

	(in 000s)
Credit Quality Indicators	Purchased from SCC		All Other		Total Portfolio
Occupancy status:
Owner occupied	$	181,705	$	113,879	$	295,584
Non-owner occupied		70,152		63,576		133,728
	$	251,857	$	177,455	$	429,312
Documentation level:
Full documentation	$	80,377	$	129,565	$	209,942
Limited documentation		7,333		18,750		26,083
Stated income		142,005		18,039		160,044
No documentation		22,142		11,101		33,243
	$	251,857	$	177,455	$	429,312
Internal risk rating:
High	$	87,010	$	—	$	87,010
Medium		164,847		—		164,847
Low		—		177,455		177,455
	$	251,857	$	177,455	$	429,312

Schedule Of Past Due Mortgage Loans

	(in 000s)
	Less than 60 Days Past  Due		60 – 89 Days Past Due		90 + Days Past Due (1)		Total Past Due		Current		Total
Purchased from SCC	$	18,520	$	6,627	$	85,303	$	110,450	$	141,407	$	251,857
All other		7,722		827		14,311		22,860		154,595		177,455
	$	26,242	$	7,454	$	99,614	$	133,310	$	296,002	$	429,312

⁽¹⁾ We do not accrue interest on loans past due 90 days or more.

Schedule Of Non-Accrual Loans

	(in 000s)
As of April 30,	2012		2011
Loans:
Purchased from SCC	$	88,347	$	143,358
Other		16,626		14,106
		104,973		157,464
TDRs:
Purchased from SCC		3,166		2,849
Other		1,270		329
		4,436		3,178
Total non-accrual loans	$	109,409	$	160,642

Information Related To Impaired Loans

	(in 000s)
	Balance With Allowance		Balance With No Allowance		Total Impaired Loans		Related Allowance
As of April 30, 2012: (1)
Purchased from SCC	$	56,128	$	97,591	$	153,719	$	14,917
Other		7,137		19,684		26,821		2,386
	$	63,265	$	117,275	$	180,540	$	17,303
As of April 30, 2011: (2)
Purchased from SCC	$	180,387	$	51,674	$	232,061	$	71,733
Other		29,027		7,561		36,588		9,116
	$	209,414	$	59,235	$	268,649	$	80,849

⁽¹⁾  Changes as compared to the prior year are primarily a result of the charge-off of loans 180 days past due in the current year, as previously discussed.

⁽²⁾  Classification of amounts as of April 30, 2011 has been restated to conform to the current period presentation.

Schedule Of Allowance For Impaired Loans

	(in 000s)
As of April 30,	2012		2011
Portion of total allowance for loan losses allocated to impaired loans and TDR loans:
Based on collateral value method	$	9,551	$	69,794
Based on discounted cash flow method		7,752		11,055
	$	17,303	$	80,849

Information Related To Activities Of Non-Performing Assets

	(in 000s)
For the year ended April 30,	2012		2011		2010
Average impaired loans:
Purchased from SCC	$	211,867	$	252,673
All other		33,940		37,082
	$	245,807	$	289,755	$	307,351
Interest income on impaired loans:
Purchased from SCC	$	5,454	$	5,795
All other		445		829
	$	5,899	$	6,624	$	8,548
Interest income on impaired loans recognized on a cash basis on non-accrual status:
Purchased from SCC	$	5,265	$	5,567
All other		417		744
	$	5,682	$	6,311	$	7,452

Schedule Of Real Estate Owned

	(in 000s)
Year ended April 30,	2012			2011			2010
Balance, beginning of the year	$	19,532		$	29,252		$	44,533
Additions		10,308			16,463			19,341
Sales		(11,976	)		(21,889	)		(24,308	)
Impairments		(2,892	)		(4,294	)		(10,314	)
Balance, end of the year	$	14,972		$	19,532		$	29,252