Prepaid Expenses

12 Months Ended

Dec. 31, 2011

Prepaid Expense And Other Assets [Abstract]

Prepaid Expenses [Text Block]

NOTE 5. PREPAID EXPENSES AND OTHER ASSETS, NET

The composition of prepaid expenses and other assets, net follows:

(in thousands)
			2011		2010
Prepaid expenses		$	367	$	460
Surety bonds, including accrued interest			1,041		1,557
Servicing advances - net of allowance for doubtful accounts of
	$256 at December 31, 2011 and 2010		1,739		2,660
Servicing sale receivable, including accrued interest			969		967
Investment in Bimini Capital Trust II			804		804
Other			193		161
Total		$	5,113	$	6,609

Receivables are carried at their estimated collectible amounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of thecounterparty to make required payments. Management considers the following factors when determining the collectability of specific accounts: past transaction activity, current economic conditions and changes in payment terms. Amounts that the Company determines are no longer collectible are written off. Collections on amounts previously written off are included in income as received.