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6. Interest Income and Interest Expense

9 Months Ended

Sep. 30, 2014

Interest Income And Interest Expense

Interest Income and Interest Expense

The following table presents the components of interest income:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2014				2013				2014				2013
		(In thousands)								(In thousands)
Interest on finance receivables		$	73,781			$	60,462			$	206,761			$	167,416
Residual interest income			84				–				320				–
Other interest income			–				–				1				10
Interest income		$	73,865			$	60,462			$	207,082			$	167,426

The following table presents the components of interest expense:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2014				2013				2014				2013
		(In thousands)								(In thousands)

Securitization trust debt		$	9,582			$	8,357			$	28,279			$	25,725
Warehouse lines of credit			1,531				1,447				3,646				4,026
Senior secured debt, related party			–				1,599				1,651				6,474
Debt secured by receivables at fair value			150				623				683				3,435
Residual interest financing			462				1,079				1,545				2,666
Subordinated renewable notes			514				748				1,758				2,474
Interest expense		$	12,239			$	13,853			$	37,562			$	44,800