XML 81 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2014
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

19.                     SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events through the issuance date of the financial statements and determined that the following disclosure is necessary:

 

Committed Loan Repurchase Facilities

 

On April 29, 2014, the Company amended the terms of its master repurchase agreement with a major U.S. bank to finance loans it originates to temporarily increase financing capacity on its facility from $300.0 million to $450.0 million to enable the financing of one of its assets.  The increase in capacity will terminate no later than April 18, 2015.