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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events

Note 22. Subsequent Events

At September 30, 2014, we had identified for purchase $1.3 billion of jumbo residential mortgage loans that were in various stages of the origination process with third-party originators. Some of these loans may not ultimately close and, therefore, would not be available for purchase. Since September 30, 2014, and through November 2, 2014, $597 million of these loans closed and were purchased by us. We expect the purchase of an additional amount of these loans to occur during the fourth quarter of 2014, subject to loan availability and delivery.