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Subsequent Events
12 Months Ended
Dec. 31, 2014
Subsequent Events

Note 23. Subsequent Events

At December 31, 2014, we had identified for purchase $848 million 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 December 31, 2014, and through February 22, 2015, $481 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 first quarter of 2015, subject to loan availability and delivery.