Mortgage Loans Held For Investment And Related Assets (Tables)

3 Months Ended

Jul. 31, 2015

Mortgage Loans Held For Investment And Related Assets [Abstract]

Schedule Of Mortgage Loan Portfolio

The composition of our mortgage loan portfolio is as follows:

(dollars in 000s)
As of	July 31, 2015					July 31, 2014					April 30, 2015
	Amount			% of Total		Amount			% of Total		Amount			% of Total
Adjustable-rate loans	$	124,752		53	%	$	144,096		54	%	$	130,182		53	%
Fixed-rate loans	111,096			47	%	123,991			46	%	115,034			47	%
	235,848			100	%	268,087			100	%	245,216			100	%
Unamortized deferred fees and costs	1,941					2,206					2,008
Less: Allowance for loan losses	(7,659		)			(10,561		)			(7,886		)
	$	230,130				$	259,732				$	239,338

Schedule Of Allowance For Loan Losses

Activity in the allowance for loan losses for the three months ended July 31, 2015 and 2014 is as follows:

(in 000s)
Three months ended July 31,	2015			2014
Balance at beginning of the period	$	7,886		$	11,272
Provision	(28		)	725
Recoveries	365			679
Charge-offs	(564		)	(2,115		)
Balance at end of the period	$	7,659		$	10,561

Schedule Of Past Due Mortgage Loans

Detail of the aging of the mortgage loans in our portfolio as of July 31, 2015 is as follows:

(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	$	8,525	$	985	$	45,957	$	55,467	$	83,894	$	139,361
All other	2,790		488		6,346		9,624		86,863		96,487
	$	11,315	$	1,473	$	52,303	$	65,091	$	170,757	$	235,848

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