Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2015
USD ($)
Reverse Mortgage Loans [Member]  
Financing Receivable, Allowance for Credit Losses [Roll Forward]  
Beginning, balance $ 1,518
Allowance for loan losses [1] 186
Charge-offs [2] 0
Ending, balance 1,704
Performing Loans [Member]  
Financing Receivable, Allowance for Credit Losses [Roll Forward]  
Beginning, balance 1,447
Allowance for loan losses [1] 118
Charge-offs [2] (1,371)
Ending, balance $ 194
[1] Based on an analysis of collective borrower performance, credit ratings of borrowers, loan-to-value ratios, estimated value of the underlying collateral, key terms of the loans and historical and anticipated trends in defaults and loss severities at a pool level.
[2] Loans, other than PCI loans, are generally charged off or charged down to the net realizable value of the collateral (i.e., fair value less costs to sell), with an offset to the allowance for loan losses, when available information confirms that loans are uncollectible.