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8. Debt (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Debt Outstanding |
|  |  |  |  |  | Amount Outstanding at |
|  |  |  |  |  | December 31, |  |  | December 31, |
|  |  |  |  |  | 2013 |  |  | 2012 |
|  |  |  |  |  | (In thousands) |
Description |  | Interest Rate |  | Maturity |  |  |  |  |  |
Warehouse lines of credit |  | 5.73% over one month Libor (Minimum 6.73%) |  | March 2017 |  | $ | 9,452 |  |  | $ | 4,358 |
|  | 6.00% over one month Libor (Minimum 6.75%) |  | June 2016 |  |  | – |  |  |  | 17,373 |
Residual interest financing |  | 12.875% over one month Libor |  | September 2013 |  |  | – |  |  |  | 13,773 |
|  | 11.75% over one month Libor |  | April 2018 |  |  | 19,096 |  |  |  | – |
Debt secured by receivables measured at fair value |  | n/a |  | Repayment is based on payments from underlying receivables. Final payment of the 8.00% loan was made in September 2013, with residual payments extending through 2016 |  |  | 13,117 |  |  |  | 57,107 |
Senior secured debt, related party |  | 13.0% and 16.0% at December 31, 2013 and 2012, respectively |  | June 2014 |  |  | 37,128 |  |  |  | 50,135 |
|  | 5.00% |  | June 2014 |  |  | 1,431 |  |  |  | – |
Subordinated renewable notes |  | Weighted average rate of 12.5% and 14.4% at December 31, 2013 and 2012, respectively |  | Weighted average maturity of July 2015 and June 2015 at December 31, 2013 and 2012, respectively |  |  | 19,142 |  |  |  | 23,281 |
|  |  |  |  |  | $ | 99,366 |  |  | $ | 166,027 |
Contractual and expected maturity amounts of debt |
Contractual maturity date |  | Residual interest financing (1) |  |  | Senior secured debt (2) |  |  | Subordinated renewable notes |  |  | Total |
|  | (In thousands) |
2014 |  | $ | 6,333 |  |  | $ | 38,559 |  |  | $ | 11,400 |  |  | $ | 56,292 |
2015 |  |  | 3,202 |  |  |  | – |  |  |  | 2,480 |  |  |  | 5,682 |
2016 |  |  | 1,159 |  |  |  | – |  |  |  | 3,267 |  |  |  | 4,426 |
2017 |  |  | 4,300 |  |  |  | – |  |  |  | 212 |  |  |  | 4,512 |
2018 |  |  | 4,102 |  |  |  | – |  |  |  | 565 |  |  |  | 4,667 |
Thereafter |  |  | – |  |  |  | – |  |  |  | 1,218 |  |  |  | 1,218 |
Total |  | $ | 19,096 |  |  | $ | 38,559 |  |  | $ | 19,142 |  |  | $ | 76,797 |

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