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Note 5 LOANS HELD FOR RESALE,AT FAIR VALUE
12 Months Ended
Dec. 31, 2012
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]
NOTE 5 LOANS HELD FOR SALE, AT FAIR VALUE

Loans held for sale, at fair value represent mortgage loans originated or purchased and held until sold to secondary market investors, such as GSEs or other third party investors. We acquired these loans as part of the Homeward Acquisition at an initial fair value of $558,721. The change in balance from the acquisition date to $426,480 at December 31, 2012 is primarily due to sales. See Note 2 for additional information regarding the purchase price allocation.