Other Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Other assets at December 31, 2015 and December 31, 2014, are summarized in the following table.

Table 11.1 – Components of Other Assets



(In Thousands)	December 31, 2015		December 31, 2014
Margin receivable	$	83,191	$	65,374
Pledged collateral	53,600		9,927
FHLBC stock	34,437		10,688
Guarantee asset	5,697		7,201
Fixed assets and leasehold improvements ⁽¹⁾	4,117		3,008
REO	4,896		4,391
Investment receivable	3,870		1,103
Prepaid expenses	3,640		3,372
Deposits	—		5,000
Other	4,438		3,832
Total Other Assets	$	197,886	$	113,896


(1)	Fixed assets and leasehold improvements have a basis of $6 million and accumulated depreciation of $2 million at December 31, 2015.

Accrued expenses and other liabilities at December 31, 2015 and December 31, 2014 are summarized in the following table.

Table 11.2 – Components of Accrued Expenses and Other Liabilities



(In Thousands)	December 31, 2015		December 31, 2014
Accrued compensation	$	17,527	$	19,273
Guarantee obligations	22,704		7,201
Margin payable	6,415		6,455
Residential loan and MSR repurchase reserve	6,403		3,724
Current accounts payable	4,764		2,112
Legal reserve	2,000		2,000
Accrued operating expenses	1,845		3,334
Other	8,239		8,145
Total Other Liabilities	$	69,897	$	52,244