Current report filing

Rollforward for loss allowance related to real estate loans (Details)

v2.4.0.8
Rollforward for loss allowance related to real estate loans (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Real Estate Loans Held For Sale
Dec. 31, 2010
Real Estate Loans Held For Sale
Dec. 31, 2011
Real Estate Loans Held For Sale
Restated
Dec. 31, 2012
Residential Mortgage Loans Held For Sale
Dec. 31, 2010
Residential Mortgage Loans Held For Sale
Dec. 31, 2011
Residential Mortgage Loans Held For Sale
Restated
Dec. 31, 2012
Residential Mortgage Loans Held For Investment
Dec. 31, 2010
Residential Mortgage Loans Held For Investment
Dec. 31, 2011
Residential Mortgage Loans Held For Investment
Restated
Balance Beginning $ (228,017)     $ (2,461)     $ (26,075) [1]    
Charge-offs 17,742 [2]   71,945 [2] 896 [2]   4,232 [2] 7,716 [1],[2]   5,802 [1],[2]
Reclassified as accretable discount        [3]        [3]     14,439 [1],[3]
Transfer to held-for-investment            21,364     (21,364) [1]
Valuation (allowance) reversal on loans 28,213 299,620 21,629 493 41,227 (2,864) (4,119) [1] (960) (3,602) [1]
Balance Ending $ (182,062) $ (321,591)   $ (1,072) $ (25,193)   $ (22,478) [1] $ (21,350) [1]  
[1] (C) The allowance for credit losses was determined based on the guidance for loans acquired with deteriorated credit quality.
[2] (A) The charge-offs for real estate related loans represent two and six loans which were written off, sold, restructured, or paid off at a discounted price during 2012 and 2011, respectively.
[3] (B) Represents the accretable discount of the residential loans upon the reclassification from held-for-sale to held-for-investment, which will be recognized prospectively as an adjustment of the loans' yield over the expected life of the loans.