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Mortgage Loans Held For Investment And Related Assets (Tables)
 9 Months Ended
Jan. 31, 2012
Mortgage Loans Held For Investment And Related Assets [Abstract]  
Schedule Of Mortgage Loan Portfolio
         

 

 

 (dollars in 000s)

 

 January 31, 2012 April 30, 2011

As of

 Amount % of Total Amount % of Total

Adjustable-rate loans

$ 297,375

58 %

$ 333,828

58 %

Fixed-rate loans

219,134

42 %

239,146

42 %

 

 

 

 

 

 

516,509

100 %

572,974

100 %

Unamortized deferred fees and costs

3,629

 

4,121

 

Less: Allowance for loan losses

(89,949 )

 

(92,087 )

 

 

 

 

 

 

 

$ 430,189

 

$ 485,008

 

 

 

 

 

 
Schedule Of Allowance For Loan Losses
     

 

 

 (in 000s)

Nine months ended January 31,

 2012 2011

Balance, beginning of the period

$ 92,087

$ 93,535

Provision

17,275

24,100

Recoveries

160

169

Charge-offs

(19,573 )

(29,928 )

 

 

 

Balance, end of the period

$ 89,949

$ 87,876

 

 

 
Schedule Of Portfolio Balance
       

 

 

 

 

 (in 000s)

 

 January 31, 2012 April 30, 2011

As of

 Portfolio Balance Related Allowance Portfolio Balance Related Allowance

Pooled (less than 60 days past due)

$ 260,916

$ 9,467

$ 304,325

$ 11,238

Impaired:

 

 

 

 

Individually (TDRs)

84,443

9,011

106,328

11,056

Individually (60 days or more past due)

171,150

71,471

162,321

69,793

 

 

 

 

 

 

$ 516,509

$ 89,949

$ 572,974

$ 92,087

 

 

 

 

 
Schedule Of Mortgage Loans Held For Investment And The Related Allowance
       

 

 

 

 

 (dollars in 000s)

 

 Outstanding Loan Loss Allowance % 30+ Days

 

 Principal Balance Amount % of Principal Past Due

Purchased from SCC

$ 324,122

$ 77,373

23.9 %

47.1 %

All other

192,387

12,576

6.5 %

12.4 %

 

 

 

 

 

 

$ 516,509

$ 89,949

17.4 %

34.2 %

 

 

 

 

 
Schedule Of Credit Quality Indicators And Portfolio Balance
       

 

 

 

 (in 000s)

Credit Quality Indicators

 Purchased
from SCC 		All Other Total
Portfolio

Occupancy status:

 

 

 

Owner occupied

$ 229,463

$ 122,424

$ 351,887

Non-owner occupied

94,659

69,963

164,622

 

 

 

 

 

$ 324,122

$ 192,387

$ 516,509

 

 

 

 

Documentation level:

 

 

 

Full documentation

$ 95,323

$ 140,179

$ 235,502

Limited documentation

8,414

19,999

28,413

Stated income

189,698

19,793

209,491

No documentation

30,687

12,416

43,103

 

 

 

 

 

$ 324,122

$ 192,387

$ 516,509

 

 

 

 

Internal risk rating:

 

 

 

High

$ 129,745

$ —  

$ 129,745

Medium

194,377

—  

194,377

Low

—  

192,387

192,387

 

 

 

 

 

$ 324,122

$ 192,387

$ 516,509

 

 

 

 
Schedule Of Past Due Mortgage Loans
           

 

 

 

 

 

 

 (in 000s)

 

 Less than 60
Days Past Due 		60 –89 Days
Past Due 		90+ Days
Past Due(1) 		Total Past
Due 		Current Total

Purchased from SCC

$ 28,876

$ 6,159

$ 141,247

$ 176,282

$ 147,840

$ 324,122

All other

8,423

1,524

20,639

30,586

161,801

192,387

 

 

 

 

 

 

 

 

$ 37,299

$ 7,683

$ 161,886

$ 206,868

$ 309,641

$ 516,509

 

 

 

 

 

 

 

 (1) We do not accrue interest on loans past due 90 days or more.

Schedule Of Non-Accrual Loans
   

 

 

 (in 000s)

As of

 January 31, 2012 April 30, 2011

Loans:

 

 

Purchased from SCC

$ 142,853

$ 143,358

Other

23,283

14,106

 

 

 

 

166,136

157,464

 

 

 

TDRs:

 

 

Purchased from SCC

5,729

2,849

Other

1,282

329

 

 

 

 

7,011

3,178

 

 

 

Total non-accrual loans

$ 173,147

$ 160,642

 

 

 
Information Related To Impaired Loans
         

 

 

 

 

 (in 000s)

 

 Portfolio Balance Portfolio Balance Total

 

 

 With Allowance With No Allowance Portfolio Balance Related Allowance

As of January 31, 2012:

 

 

 

 

Purchased from SCC

$ 179,776

$ 40,672

$ 220,448

$ 71,084

Other

25,390

9,755

35,145

9,398

 

 

 

 

 

 

$ 205,166

$ 50,427

$ 255,593

$ 80,482

 

 

 

 

 

As of April 30, 2011:

 

 

 

 

Purchased from SCC (1)

$ 180,387

$ 51,674

$ 232,061

$ 71,733

Other (1)

29,027

7,561

36,588

9,116

 

 

 

 

 

 

$ 209,414

$ 59,235

$ 268,649

$ 80,849

 

 

 

 

 

 

(1) Classification of amounts as of April 30, 2011 has been restated to conform to the current period presentation.

Schedule Of Allowance For Impaired Loans
   

 

 

 (in 000s)

As of

 January 31, 2012 April 30, 2011

Portion of total allowance for loan losses allocated to impaired loans and TDR loans:

 

 

Based on collateral value method

$ 71,471

$ 69,794

Based on discounted cash flow method

9,011

11,055

 

 

 

 

$ 80,482

$ 80,849

 

 

 
Information Related To Activities Of Non-Performing Assets
     

 

 

 (in 000s)

Nine months ended January 31,

 2012 2011

Average impaired loans:

 

 

Purchased from SCC

$ 224,002

 

All other

35,421

 

 

 

 

 

$ 259,423

$ 308,282

 

 

 

Interest income on impaired loans:

 

 

Purchased from SCC

$ 4,340

 

All other

348

 

 

 

 

 

$ 4,688

$ 4,975

 

 

 

Interest income on impaired loans recognized on a cash basis on non-accrual status:

 

 

Purchased from SCC

$ 4,182

 

All other

324

 

 

 

 

 

$ 4,506

$ 4,711

 

 

 
Schedule Of Real Estate Owned
     

 

 

 (in 000s)

Nine months ended January 31,

 2012 2011

Balance, beginning of the period

$ 19,532

$ 29,252

Additions

6,521

12,931

Sales

(7,933 )

(16,900 )

Writedowns

(2,193 )

(3,442 )

 

 

 

Balance, end of the period

$ 15,927

$ 21,841