Mortgage Loans Held For Investment And Related Assets (Tables)

6 Months Ended

Oct. 31, 2016

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, 2016					October 31, 2015					April 30, 2016
	Amount			% of Total		Amount			% of Total		Amount			% of Total
Adjustable-rate loans	$	97,358		52	%	$	118,612		52	%	$	108,251		52	%
Fixed-rate loans	89,699			48	%	107,612			48	%	97,957			48	%
	187,057			100	%	226,224			100	%	206,208			100	%
Unamortized deferred fees and costs	1,534					1,859					1,695
Less: Allowance for loan losses	(5,484		)			(7,412		)			(5,518		)
	$	183,107				$	220,671				$	202,385

Schedule Of Allowance For Loan Losses

Activity in the allowance for loan losses for the six months ended October 31, 2016 and 2015 is as follows:

(in 000s)
Six months ended October 31,	2016			2015
Balance at beginning of the period	$	5,518		$	7,886
Provision	—			(28		)
Recoveries	742			1,050
Charge-offs	(776		)	(1,496		)
Balance at end of the period	$	5,484		$	7,412

Schedule Of Past Due Mortgage Loans

Detail of the aging of the mortgage loans in our portfolio as of October 31, 2016 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	$	6,350	$	1,714	$	38,057	$	46,121	$	65,412	$	111,533
All other	1,471		428		4,620		6,519		69,005		75,524
	$	7,821	$	2,142	$	42,677	$	52,640	$	134,417	$	187,057

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