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Other Assets and Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Components of Other Assets | Other assets at September 30, 2016 and December 31, 2015, are summarized in the following table. Table 11.1 – Components of Other Assets
(In Thousands) |  | September 30, 2016 |  | December 31, 2015
Margin receivable |  | $ | 96,650 |  |  | $ | 83,191 |
Pledged collateral |  | 43,802 |  |  | 53,600 |
FHLBC stock |  | 43,393 |  |  | 34,437 |
REO |  | 6,245 |  |  | 4,896 |
Guarantee asset |  | 3,627 |  |  | 5,697 |
Fixed assets and leasehold improvements (1) |  | 2,850 |  |  | 4,117 |
Prepaid expenses |  | 2,017 |  |  | 3,640 |
Investment receivable |  | 1,525 |  |  | 3,870 |
Other |  | 7,677 |  |  | 4,438 |
Total Other Assets |  | $ | 207,786 |  |  | $ | 197,886 |
(1) | Fixed assets and leasehold improvements have a basis of $5 million and accumulated depreciation of $2 million at September 30, 2016.
Components of Accrued Expenses and Other Liabilities | Accrued expenses and other liabilities at September 30, 2016 and December 31, 2015 are summarized in the following table. Table 11.2 – Components of Accrued Expenses and Other Liabilities
(In Thousands) |  | September 30, 2016 |  | December 31, 2015
Guarantee obligations |  | $ | 23,011 |  |  | $ | 22,704 |
Margin payable |  | 13,313 |  |  | 6,415 |
Accrued compensation |  | 12,674 |  |  | 17,527 |
Residential loan and MSR repurchase reserve |  | 6,617 |  |  | 6,403 |
Accrued operating expenses |  | 5,958 |  |  | 1,845 |
Restructuring liabilities |  | 3,667 |  |  | — |
Legal reserve |  | 2,000 |  |  | 2,000 |
Current accounts payable |  | 1,292 |  |  | 4,764 |
Other |  | 1,176 |  |  | 8,239 |
Total Other Liabilities |  | $ | 69,708 |  |  | $ | 69,897 |
Activities of Restructuring Liabilities | The following table presents our restructuring activities and the associated liabilities during the three and nine months ended September 30, 2016. Table 11.3 – Activities of Restructuring Liabilities
|  | Three Months Ended September 30, 2016 |  | Nine Months Ended September 30, 2016
(In Thousands) |  | Termination Benefits |  | Contract Termination Costs |  | Total Restructuring Liabilities |  | Termination Benefits |  | Contract Termination Costs |  | Total Restructuring Liabilities
Beginning balance |  | $ | 3,387 |  |  | $ | 772 |  |  | $ | 4,159 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Costs incurred and expensed |  | — |  |  | 4 |  |  | 4 |  |  | 8,793 |  |  | 1,752 |  |  | 10,545 |
Costs paid/settled |  | (34 | ) |  | (462 | ) |  | (496 | ) |  | (1,954 | ) |  | (1,438 | ) |  | (3,392 | )
Adjustments (1) |  | — |  |  | — |  |  | — |  |  | (3,486 | ) |  | — |  |  | (3,486 | )
Ending Balance |  | $ | 3,353 |  |  | $ | 314 |  |  | $ | 3,667 |  |  | $ | 3,353 |  |  | $ | 314 |  |  | $ | 3,667 |
(1) | Amount represents equity compensation expense recorded during the three and nine months ended September 30, 2016 related to equity awards that were accelerated, and will be distributed in future periods.

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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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