Note 12 — Other Assets



	December 31,
	2018		2017
Contingent loan repurchase asset	$	302,581	$	431,492
Other prepaid expenses	27,647		22,559
Prepaid representation, warranty and indemnification claims - Agency MSR sale	15,173		20,173
Real estate	7,368		3,070
Prepaid lender fees, net (1)	6,589		9,496
Deferred tax assets, net	5,289		2,000
Derivatives, at fair value	4,552		5,429
Security deposits	2,278		3,019
Mortgage-backed securities, at fair value	1,502		1,592
Interest-earning time deposits	1,338		4,739
Prepaid income taxes (2)	—		5,621
Other	5,250		2,696
	$	379,567	$	511,886


(1)	We amortize these costs to the earlier of the scheduled amortization date, contractual maturity date or prepayment date of the debt.


(2)	We recognized the balance of prepaid income taxes as a cumulative-effect reduction of retained earnings upon adoption of ASU 2016-16 on January 1, 2018. See Note 1 — Organization, Business Environment, Basis of Presentation and Significant Accounting Policies for additional information.

Automotive dealer financing notes not pledged to our former automotive dealer loan financing facility were reported as Other assets. We ceased new lending and terminated this facility in January 2018. There were no remaining notes outstanding at December 31, 2018. At December 31, 2017, the balance of the notes was $0, net of an allowance of $7.7 million. Changes in the allowance are as follows:



	Years Ended December 31,
	2018			2017		2016
Beginning balance	$	7,664		$	4,371	$	27
Provision	(265		)	3,293		4,344
Charge-offs and other	(7,399		)	—		—
Ending balance	$	—		$	7,664	$	4,371