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Investments in Distressed Loans and Foreclosed Real Estate (Tables)
 3 Months Ended
Jan. 31, 2013
Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate [Abstract]  
Investment in non-performing loan portfolios
The Company’s investment in distressed loans consisted of the following as of the dates indicated (amounts in thousands):
 
January 31, 2013
 
October 31, 2012
Unpaid principal balance
$
91,339

 
$
99,693

Discount on acquired loans
(48,507
)
 
(62,524
)
Carrying value
$
42,832

 
$
37,169
Summary of accretable yield and nonaccretable difference on investments in non-performing loans portfolios
The following table summarizes, for the distressed loans acquired in the three months ended January 31, 2012 that were accounted for in accordance with ASC 310-30, the accretable yield and the nonaccretable difference of the Company's investment in these loans as of their acquisition date (amounts in thousands).
 
Three months ended January 31,
 
2012
Contractually required payments, including interest
$
52,524

Nonaccretable difference
(5,125
)
Cash flows expected to be collected
47,399

Accretable yield
(20,514
)
Non-performing loans carrying amount
$
26,885


There were no distressed loans purchased during the three months ended January 31, 2013 that met the requirements of ASC 310-30.
Activity in accretable yield for investment in non-performing loan portfolios
The accretable yield activity for the Company’s investment in distressed loans accounted for under ASC 310-30 for the three-month periods ended January 31, 2013 and 2012 was as follows (amounts in thousands):
 
Three months ended January 31,
 
2013
 
2012
Balance, beginning of period
$
17,196

 
$
42,326

Loans acquired
—

 
20,514

Deletions
(2,387
)
 
(1,768
)
Accretion
(1,403
)
 
(3,228
)
Balance, end of period
$
13,406

 
$
57,844
Schedule of Changes in Real Estate Owned [Table Text Block]
The following table presents the activity in REO for the three-month periods ended January 31, 2013 and 2012 (amounts in thousands):
 
Three months ended January 31,
 
2013
 
2012
Balance, beginning of period
$
58,353

 
$
5,939

Additions
11,040

 
1,164

Sales
(439
)
 
(615
)
Impairments
(15
)
 

Depreciation
(175
)
 

Balance, end of period
$
68,764

 
$
6,488