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INVESTMENTS IN CONSUMER LOANS - Allowance for Loan Losses on Performing Consumer Loans, Held-for-Investment (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2016
Oct. 31, 2016
Performing Loans [Member]      
Loans Receivable [Roll Forward]      
UPB of Underlying Mortgages $ 177,400 $ 177,400 $ 50,000
Consumer Portfolio Segment [Member]      
Loans Receivable [Roll Forward]      
UPB of Underlying Mortgages 5,300 5,300  
Post-modification recorded investment   4,300  
Consumer Portfolio Segment [Member] | Performing Loans [Member]      
Loans Receivable [Roll Forward]      
Collectively Evaluated, beginning balance [1] 0    
Individually Impaired, beginning balance [2] 0    
Total, beginning balance 0    
Provision for loan and losses 50,503 3,438  
Net charge-offs (47,065) [3] (47,065)  
Collectively Evaluated, ending balance [1] 2,441 2,441  
Individually Impaired, ending balance [2] 997 997  
Total, ending balance 3,438 3,438  
Recovery of bad debts   8,100  
Allowance for Losses on Finance Receivables, Collectively Evaluated [Member] | Consumer Portfolio Segment [Member] | Performing Loans [Member]      
Loans Receivable [Roll Forward]      
Provision for loan and losses 49,506 [1] $ 2,000  
Net charge-offs [1],[3] (47,065)    
Allowance for Losses on Finance Receivables, Individually Impaired [Member] | Consumer Portfolio Segment [Member] | Performing Loans [Member]      
Loans Receivable [Roll Forward]      
Provision for loan and losses [2] 997    
Net charge-offs [2],[3] $ 0    
[1] Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. Includes a provision for loan losses of $2.0 million for newly originated loans acquired during the year ended December 31, 2016.
[2] Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of December 31, 2016, there are $5.3 million in UPB and $4.3 million in carrying value of consumer loans classified as TDRs.
[3] Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $8.1 million in recoveries of previously charged-off UPB.