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Mortgage Loans Held-for-Sale, at Fair Value (Notes)
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Jun. 30, 2014
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| Mortgage Loans Held-for-Sale [Text Block] |
Mortgage Loans Held-for-Sale, at Fair Value
Mortgage loans held-for-sale consists of residential mortgage loans carried at fair value as a result of a fair value option election. The following table presents the carrying value of the Company’s mortgage loans held-for-sale as of June 30, 2014 and December 31, 2013:
At June 30, 2014 and December 31, 2013, the Company pledged mortgage loans with a carrying value of $290.4 million and $200.8 million, respectively, as collateral for repurchase agreements and FHLB advances. See Note 16 - Repurchase Agreements and Note 18 - Federal Home Loan Bank of Des Moines Advances.
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- Definition
Disclosure of the carrying amount of mortgage loans to individuals not classified as held for investment but are held-for-sale. No definition available.
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