GUARANTY OBLIGATION AND ALLOWANCE FOR RISK-SHARING OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2012

GUARANTY OBLIGATION AND ALLOWANCE FOR RISK-SHARING OBLIGATIONS

A summary of the Company's guaranty obligation for the years ended December 31, 2012 and 2011 is as follows (in thousands):

	For the year ended December 31,

	2012			2011
Beginning balance	$	9,921		$	8,928
Guaranty obligation recognized, following the sale of the loan		5,718			2,745
Guaranty obligation assumed, CWCapital acquisition		8,254			—
Amortization of guaranty obligation		(2,738	)		(1,752	)

Ending balance	$	21,155		$	9,921

Summary of allowance for risk-sharing for the contingent portion of the guaranty obligation

A summary of the Company's allowance for risk-sharing for the contingent portion of the guaranty obligation for each of the years ended December 31, 2012 and 2011 was (in thousands):

	For the year ended December 31,

	2012			2011
Beginning balance	$	14,917		$	10,873
Provision for risk-sharing obligations		3,140			4,724
Allowance for risk-sharing obligations assumed, CWCapital acquisition		4,063			—
Write offs		(6,450	)		(680	)

Ending balance	$	15,670		$	14,917

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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