Quarterly report pursuant to Section 13 or 15(d)

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

v2.4.0.8
Mortgage Loans Held-for-Sale, at Fair Value (Tables)
6 Months Ended
Jun. 30, 2014
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 June 30, 2014 and December 31, 2013:
(in thousands)
June 30,
2014
 
December 31,
2013
Unpaid principal balance
$
398,302

 
$
680,840

Fair value adjustment
1,539

 
(136,259
)
Carrying value
$
399,841

 
$
544,581