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Note 5 FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2012

						March 31, 2012								December 31, 2011
		Level				Carrying Value				Fair Value				Carrying Value				Fair Value
Financial assets:
Loans held for resale (1)			3			$	20,203			$	20,203			$	20,633			$	20,633
Loans, net – restricted for securitization investors (2)			3				56,365				52,905				58,560				55,165
Advances (2)			3				3,001,569				3,001,569				3,733,502				3,733,502
Receivables, net (2)			3				62,235				62,235				83,202				83,202
Financial liabilities:
Match funded liabilities (2)			3			$	2,280,323			$	2,293,124			$	2,558,951			$	2,569,131
Lines of credit and other secured borrowings (2)			3				550,618				560,365				540,369				550,860
Secured borrowings – owed to securitization investors (2)			3				51,622				50,870				53,323				52,652
Debt securities (2)			2				26,119				24,682				82,554				92,125
Derivative financial instruments, net (3)			3			$	(12,806	)		$	(12,806	)		$	(16,676	)		$	(16,676	)

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

		Carrying value				Level 1				Level 2				Level 3
At March 31, 2012:
Measured at fair value on a recurring basis:
Derivative financial instruments, net		$	(12,806	)			—				—			$	(12,806	)
Measured at fair value on a non-recurring basis:
Loans held for resale			20,203				—				—				20,203
MSRs (1)			204				—				—				204

At December 31, 2011:
Measured at fair value on a recurring basis:
Derivative financial instruments, net		$	(16,676	)		$	—			$	—			$	(16,676	)
Measured at fair value on a non-recurring basis:
Loans held for resale			20,633				—				—				20,633
Mortgage servicing rights (1)			214				—				—				214

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Derivative Financial Instruments
For the three months ended March 31,		2012				2011

Beginning balance		$	(16,676	)		$	(15,351	)

Purchases, issuances, sales and settlements:
Purchases			—				—
Issuances			—				—
Sales			—				—
Settlements			2,357				46
			2,357				46

Total realized and unrealized gains and (losses) (1):
Included in Other, net			3,468				(353	)
Included in Other comprehensive income (loss)			(1,955	)			3,261
			1,513				2,908

Transfers in and / or out of Level 3			—				—
Ending balance		$	(12,806	)		$	(12,397	)

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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