Annual report pursuant to Section 13 and 15(d)

Mortgage Loans Held-for-Sale, at Fair Value (Tables)

v2.4.0.8
Mortgage Loans Held-for-Sale, at Fair Value (Tables)
12 Months Ended
Dec. 31, 2013
Mortgage Loans Held-for-Sale [Abstract]  
Schedule of Mortgage Loans Held-for-Sale Reconciliation [Table Text Block]
The following table presents the carrying value of the Company’s mortgage loans held-for-sale as of December 31, 2013 and December 31, 2012:
(in thousands)
December 31,
2013
 
December 31,
2012
Unpaid principal balance
$
680,840

 
$
56,976

Fair value adjustment
(136,259
)
 
1,631

Carrying value
$
544,581

 
$
58,607