Mortgage Loans Held For Investment And Related Assets (Tables)

6 Months Ended

Oct. 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	October 31, 2015					October 31, 2014					April 30, 2015
	Amount			% of Total		Amount			% of Total		Amount			% of Total
Adjustable-rate loans	$	118,612		52	%	$	138,808		54	%	$	130,182		53	%
Fixed-rate loans	107,612			48	%	119,920			46	%	115,034			47	%
	226,224			100	%	258,728			100	%	245,216			100	%
Unamortized deferred fees and costs	1,859					2,125					2,008
Less: Allowance for loan losses	(7,412		)			(9,761		)			(7,886		)
	$	220,671				$	251,092				$	239,338

Schedule Of Allowance For Loan Losses

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

(in 000s)
Six months ended October 31,	2015			2014
Balance at beginning of the period	$	7,886		$	11,272
Provision	(28		)	735
Recoveries	1,050			911
Charge-offs	(1,496		)	(3,157		)
Balance at end of the period	$	7,412		$	9,761

Schedule Of Past Due Mortgage Loans

Detail of the aging of the mortgage loans in our portfolio as of October 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	$	8,803	$	1,082	$	43,608	$	53,493	$	80,543	$	134,036
All other	3,213		199		6,107		9,519		82,669		92,188
	$	12,016	$	1,281	$	49,715	$	63,012	$	163,212	$	226,224

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