Quarterly report pursuant to Section 13 or 15(d)

Mortgage Loans Held-for-Sale (Tables)

v2.4.0.8
Mortgage Loans Held-for-Sale (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2013 and December 31, 2012:
(in thousands)
September 30,
2013
 
December 31,
2012
Unpaid principal balance
$
688,620

 
$
56,976

Fair value adjustment
(128,883
)
 
1,631

Carrying value
$
559,737

 
$
58,607