INVESTMENTS IN LOAN POOL PARTICIPATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Investment in Loan Pool Participation [Abstract]

The following table represents the demographics of the Company's investment in the loan pools including the initial UPB and the UPB as of December 31, 2013.



(Dollars in millions)				Unpaid Principal Balance				Kennedy				Expected
		Kennedy						Wilson		Investment		accretion over
Acquisition		Wilson				December 31,		initial equity		balance at		total estimated		Accreted
date	Location	Ownership		Initial⁽¹⁾		2013⁽²⁾		invested		12/31/13		collection period		to date
February 2010	Western U.S.	15.0	%	$	342.4	$	8.0	$	11.1	$	0.9	$	4.6	$	4.6
December 2011	United Kingdom	12.5	%	2,111.3		44.7		61.2		—		19.3		18.1
April 2012	Western U.S.	75.0	%	43.4		5.7		30.9		4.6		4.1		3.8
August 2012	Ireland	10.0	%	477.2		367.6		7.0		8.3		1.7		0.5
December 2012	United Kingdom	5.0	%	605.0		152.1		19.3		2.0		1.9		0.8
April 2013	United Kingdom	10.0	%	177.2		165.7		13.0		10.7		3.2		0.7
August 2013	United Kingdom	20.0	%	136.6		140.9		7.5		8.2		4.5		0.5
				$	3,893.1	$	884.7	$	150.0	$	34.7	$	39.3	$	29.0

—————

⁽¹⁾ Initial UPB presented at historical exchange rates

⁽²⁾ Estimated foreign exchange rate is £0.61 = $1 USD and €0.73 = $1 USD.

Schedule of Interest Income and Foreign Currency Gain (Loss) Recognized in Loan Pool Participations

The following table presents the interest income and foreign currency gain and (loss) recognized by Kennedy Wilson during the years ended December 31, 2013, 2012 and 2011 in each of the loan pools that were outstanding:



	Year Ended December 31,
(Dollars in millions)	2013			2012		2011
Interest income recognized	$	11.9		$	6.4	$	5.7
Foreign currency translation (loss) gain	(2.2		)	3.0		(2.6		)
	$	9.7		$	9.4	$	3.1