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NOTE 12 DEBT SERVICE ACCOUNTS | 9 Months Ended
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Sep. 30, 2013
Debt Service Accounts [Abstract] |
DEBT SERVICE ACCOUNTS |
| Note 12 | Debt Service Accounts
Under our advance funding facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. The collected funds are not applied to reduce the related match funded debt until the payment dates specified in the indenture. The balances also include amounts that have been set aside from the proceeds of our match funded advance facilities and certain of our warehouse lines to provide for possible shortfalls in the funds available to pay certain expenses and interest. These funds are held in interest earning accounts in the name of the SPE created in connection with the match funded financing facility. The balance of such debt service accounts at September 30, 2013 and December 31, 2012 was $45.5 million and $88.7 million, respectively.

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