Fair Value at Reporting Date Using Inputs:
December 31, 2011

Total

Level I

Level II

Level III

Loans held-for-sale at fair value

128,593

Available-for-sale debt securities:

Residential-mortgage-backed securities

164,948

Commercial-mortgage-backed securities

176,786

Total available-for-sale debt securities

341,734

—

341,734

Available-for-sale equity securities:

Real estate industry

11,269

—

Total available-for-sale equity securities:

11,269

—

Total investments:

481,596

11,269

—

470,327

Derivative Assets:

Foreign exchange contracts

5,261

Interest rate contracts

7,555

Derivative Liabilities:

Interest rate contracts

(12,762

)

(12,762

)

Foreign exchange contracts

(6,890

)

(6,890

)

Total Derivatives:

(6,836

)

(6,836

)

—

Total:

474,760

11,269

(6,836

)

470,327

Fair Value at Reporting Date Using Inputs:
December 31, 2010

Total

Level I

Level II

Level III

Available-for-sale debt securities:

Residential-mortgage-backed securities

122,525

Commercial-mortgage-backed securities

275,155

Loans held-for-sale at fair value

144,163

Total available-for-sale debt securities:

541,843

—

397,680

144,163

Available-for-sale equity securities:

Real estate industry

8,177

—

Total available-for-sale equity securities:

8,177

—

Total available-for-sale securities:

550,020

8,177

397,680

144,163

Derivative Assets:

Interest rate contracts

337

Derivative Liabilities:

Interest rate contracts

(2,017

)

(2,017

)

Foreign exchange contracts

(7,383

)

(7,383

)

Total Derivatives

(9,063

)

—

(9,063

)

—

Total:

540,957

8,177

388,617

144,163

	Loans held-for-sale, at fair value			MBS available-for-sale at fair value			Total

Beginning balance, January 1, 2011	$	144,163		$	—		$	144,163

Purchases		—			115,795			115,795
Originations		270,066			—			270,066
Transfer in		(7,000	)		282,763			275,763
Sales		(294,126	)		(3,600	)		(297,726	)
Maturities		—			(15,408	)		(15,408	)
Settlements		(252	)		(36,562	)		(36,814	)

Net increase on assets		(31,312	)		342,988			311,676

Gain (loss) on investments at fair value:
Unrealized gain (loss) on assets		5,760			(7,961	)		(2,201	)
Realized gain on assets		10,314			249			10,563
Accretion of discount		—			10,730			10,730
OTTI		—			(4,272	)		(4,272	)
Other		(332	)		—			(332	)

Net gain (loss) on assets		15,742			(1,254	)		14,488

Ending balance, as of December 31, 2011	$	128,593		$	341,734		$	470,327

Carrying
Value as of
December 31, 2011

Fair Value
as of
December 31, 2011

Carrying Value
as of
December 31, 2010

Fair Value
as of
December 31, 2010

Financial Instruments not carried at Fair Value:

Loans

2,318,915

2,359,258

1,281,080

1,319,979

Other Investments

33,110

6,000

Financial Liabilities:

Secured financing agreements and collateralized debt obligation in securitization trust

1,156,716

1,157,811

633,745

637,499

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

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-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

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-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details