Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Tables)

v2.4.0.8
INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Tables)
3 Months Ended
Mar. 31, 2013
Investment In Residential Mortgage Loans Tables  
Schedule of Residential Mortgage Loans

The following is a summary of residential mortgage loans at March 31, 2013, all of which are classified as held for investment:

 

Loan Type   Outstanding Face Amount     Carrying Value     Loan Count     Wtd. Avg. Yield     Wtd. Avg. Coupon (A)     Wtd. Avg. Maturity (Years) (B)     Floating Rate Loans as a % of Face Amount     Delinquent Face Amount
Reverse Mortgage Loans   $ 58,586     $ 35,484       331       11.81 %     5.15 %     3.9       21.0 %   N/A

  

(A) Represents the stated interest rate on the loans.
   
(B) The weighted average maturity is based on the expected timing of the receipt of cash flows.
Schedule of Activity in Carrying Value of Residential Mortgage Loans

Activities related to the carrying value of residential mortgage loans are as follows:

 

    For the Three Months Ended March 31, 2013  
Balance at December 31, 2012   $ —  
Purchases/additional fundings     35,138  
Accretion of loan discount and other amortization     346  
Balance at March 31, 2013   $ 35,484