Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES

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OTHER INCOME, ASSETS AND LIABILITIES
3 Months Ended
Mar. 31, 2014
Other Income Assets And Liabilities  
OTHER INCOME, ASSETS AND LIABILITIES
2. OTHER INCOME, ASSETS AND LIABILITIES

 

Other income is comprised of the following:

 

    Three Months Ended March 31,  
    2014     2013  
             
Gain (loss) on non-hedge derivative instruments   $ 1,357     $ —  
    $ 1,357     $ —  

 

Other assets and liabilities are comprised of the following:

  

    Other Assets         Accrued Expenses and Other Liabilities  
    March 31,     December 31,         March 31,     December 31,  
    2014     2013         2014     2013  
Margin receivable   $ 16,503     $ 40,132     Interest payable   $ 5,033     $ 4,010  
Interest and other receivables     5,968       7,548     Accounts payable     2,574       2,829  
Deferred financing costs     11,201       5,541     Derivative liability     84       18  
Accumulated amortization     (4,006 )     (768 )   Current taxes payable     287       —  
Other     942       689         $ 7,977     $ 6,857  
    $ 30,608     $ 53,142                      

 

As reflected on the consolidated statements of cash flows, accretion of discount and other amortization is comprised of the following:

 

    Three Months Ended March 31,  
    2014     2013  
Accretion of servicer advance interest income   $ 45,716     $ —  
Accretion of net discount on securities and loans     356     4,798  
Amortization of deferred financing costs     (3,238 )     —  
    $ 42,834     $ 4,798