Mortgage Loans Held For Investment And Related Assets (Tables)

9 Months Ended

Jan. 31, 2013

Mortgage Loans Held For Investment And Related Assets [Abstract]

Schedule Of Mortgage Loan Portfolio

						(dollars in 000s)
As of		January 31, 2013			April 30, 2012
		Amount	% of Total		Amount	% of Total
Adjustable-rate loans	$	203,624	55%	$	238,442	56%
Fixed-rate loans		168,515	45%		190,870	44%
		372,139	100%		429,312	100%
Unamortized deferred fees and costs		3,004			3,429
Less: Allowance for loan losses		(17,256)			(26,540)
	$	357,887		$	406,201

Schedule Of Allowance For Loan Losses

				(in 000s)
Nine months ended January 31,		2013		2012
Balance, beginning of the period	$	26,540	$	92,087
Provision		10,250		17,275
Recoveries		2,745		160
Charge-offs		(22,279)		(19,573)
Balance, end of the period	$	17,256	$	89,949

Schedule Of Portfolio Balance

								(in 000s)
As of		January 31, 2013				April 30, 2012
		Portfolio Balance		Related Allowance		Portfolio Balance		Related Allowance
Pooled	$	219,345	$	6,670	$	248,772	$	9,237
Impaired:
Individually (TDRs)		59,295		5,013		71,949		7,752
Individually		93,499		5,573		108,591		9,551
	$	372,139	$	17,256	$	429,312	$	26,540

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	$	212,250	$	13,596	6.4%	34.5%
All other		159,889		3,660	2.3%	9.2%
	$	372,139	$	17,256	4.6%	23.6%

Schedule Of Credit Quality Indicators And Portfolio Balance

						(in 000s)
Credit Quality Indicators		Purchased from SCC	All Other		Total Portfolio
Occupancy status:
Owner occupied	$	154,470	$	102,180	$	256,650
Non-owner occupied		57,780		57,709		115,489
	$	212,250	$	159,889	$	372,139
Documentation level:
Full documentation	$	68,413	$	116,591	$	185,004
Limited documentation		6,889		16,775		23,664
Stated income		118,100		16,385		134,485
No documentation		18,848		10,138		28,986
	$	212,250	$	159,889	$	372,139
Internal risk rating:
High	$	68,645	$	-	$	68,645
Medium		143,605		-		143,605
Low		-		159,889		159,889
	$	212,250	$	159,889	$	372,139

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	$	16,752	$	3,084	$	69,905	$	89,741	$	122,509	$	212,250
All other		7,168		1,089		12,931		21,188		138,701		159,889
	$	23,920	$	4,173	$	82,836	$	110,929	$	261,210	$	372,139

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

Schedule Of Non-Accrual Loans

				(in 000s)
As of		January 31, 2013		April 30, 2012
Loans:
Purchased from SCC	$	76,235	$	88,347
Other		15,761		16,626
		91,996		104,973
TDRs:
Purchased from SCC		3,460		3,166
Other		504		1,270
		3,964		4,436
Total non-accrual loans	$	95,960	$	109,409

Information Related To Impaired Loans

								(in 000s)
		Balance		Balance With		Total		Related
		With Allowance		No Allowance		Impaired Loans		Allowance
As of January 31, 2013:
Purchased from SCC	$	38,938	$	88,671	$	127,609	$	8,470
Other		6,757		18,428		25,185		2,116
	$	45,695	$	107,099	$	152,794	$	10,586
As of April 30, 2012:
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

Schedule Of Allowance For Impaired Loans

				(in 000s)
As of		January 31, 2013		April 30, 2012
Portion of total allowance for loan losses allocated
to impaired loans and TDR loans:
Based on collateral value method	$	5,573	$	9,551
Based on discounted cash flow method		5,013		7,752
	$	10,586	$	17,303

Information Related To Activities Of Non-Performing Assets

				(in 000s)
Nine months ended January 31,		2013		2012
Average impaired loans:
Purchased from SCC	$	137,703	$	224,002
All other		25,879		35,421
	$	163,582	$	259,423
Interest income on impaired loans:
Purchased from SCC	$	2,940	$	4,340
All other		232		348
	$	3,172	$	4,688
Interest income on impaired loans recognized on
a cash basis on non-accrual status:
Purchased from SCC	$	2,881	$	4,182
All other		214		324
	$	3,095	$	4,506

Schedule Of Real Estate Owned

				(in 000s)
Nine months ended January 31,		2013		2012
Balance, beginning of the period	$	14,972	$	19,532
Additions		7,208		6,521
Sales		(6,652)		(7,933)
Writedowns		(1,676)		(2,193)
Balance, end of the period	$	13,852	$	15,927