SELECTED QUARTERLY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

Selected quarterly results of operations and other financial information for the four quarters ended December 31, 2013 and 2012 follows (dollar amounts in thousands except share data):

	2013
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
REVENUE
Total Revenue	$	1,856		$	5,097		$	6,727		9,646			$	23,326
EXPENSES
Total Operating Expenses	9,394			13,121			15,843			19,539			57,897
(Gain)/Loss on Disposal of Legacy Assets	10			(711		)	(252		)	(477		)	(1,430		)
(Recovery of) Provision for Credit Losses	(2,606		)	(4,965		)	(679		)	211			(8,039		)
Impairment of REO	—			—			—			1,103			1,103
Total Expenses	6,798			7,445			14,912			20,376			49,531
Net Loss	$	(4,942	)	$	(2,348	)	$	(8,185	)	$	(10,730	)	$	(26,205	)
Net Loss per Share	$	(0.29	)	$	(0.14	)	$	(0.49	)	$	(0.64	)	$	(1.55	)
Weighted Average Shares Outstanding for Period	16,873,880			16,873,880			16,873,880			16,857,126			16,869,645

	2012
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
REVENUE
Total Revenue	$	1,282		$	1,306		$	1,058		1,118			$	4,764
EXPENSES
Total Operating Expenses	9,251			8,498			10,642			11,676			40,067
(Gain)/Loss on Disposal of Legacy Assets	(77		)	(146		)	(368		)	(398		)	(989		)
(Recovery of) Provision for Credit Losses	—			(900		)	(1,030		)	(192		)	(2,122		)
Total Expenses	9,174			7,452			9,244			11,086			36,956
Net Loss	$	(7,892	)	$	(6,146	)	$	(8,186	)	$	(9,968	)	$	(32,192	)
Net Loss per Share	$	(0.47	)	$	(0.36	)	$	(0.49	)	$	(0.59	)	$	(1.91	)
Weighted Average Shares Outstanding for Period	16,873,880			16,873,880			16,873,880			16,873,880			16,873,880