Mortgage loans

The following table sets forth our mortgage loans at fair value, the related unpaid principal balance and market value of underlying properties by delinquency status as of June 30, 2016 and December 31, 2015 ($ in thousands):



	Number of Loans	Carrying Value		Unpaid Principal Balance		Market Value of Underlying Properties
June 30, 2016
Current	806	$	133,230	$	174,001	$	202,733
30	70	12,345		17,449		20,342
60	39	5,756		8,327		9,380
90	408	53,876		80,673		83,566
Foreclosure	2,749	502,238		682,067		685,175
Mortgage loans at fair value	4,072	$	707,445	$	962,517	$	1,001,196

December 31, 2015
Current	730	$	124,595	$	165,645	$	177,348
30	80	12,003		18,142		21,858
60	38	5,688		8,088		8,766
90	984	130,784		216,717		196,963
Foreclosure	3,907	687,464		946,962		917,671
Mortgage loans at fair value	5,739	$	960,534	$	1,355,554	$	1,322,606

The following table sets forth the carrying value of our mortgage loans held for sale, the related unpaid principal balance and market value of underlying properties by delinquency status as of June 30, 2016 and December 31, 2015 ($ in thousands):



	Number of Loans	Carrying Value		Unpaid Principal Balance		Market Value of Underlying Properties
June 30, 2016
Current	18	$	1,864	$	3,250	$	3,846
30	2	607		620		1,190
Foreclosure	12	1,587		2,118		2,399
Mortgage loans held for sale	32	$	4,058	$	5,988	$	7,435

December 31, 2015
Current	58	$	10,864	$	13,466	$	17,776
30	26	7,616		10,013		12,200
60	6	668		775		1,063
90	328	73,164		101,121		103,395
Foreclosure	879	225,024		314,991		330,573
Mortgage loans held for sale	1,297	$	317,336	$	440,366	$	465,007

As of June 30, 2016, our mortgage loans held for sale include our remaining re-performing residential mortgage loans that we initially acquired in June 2014. We initially determined to dispose of these mortgage loans in order to take advantage of attractive market pricing and because we do not expect them to be rental candidates.

Re-performing residential mortgage loans

For the three and six months ended June 30, 2016 and 2015, we recognized no provision for loan loss and no adjustments to the amount of the accretable yield. For the three and six months ended June 30, 2016, we accreted $35 thousand and $72 thousand, respectively, into interest income with respect to our re-performing loans. For the three and six months ended June 30, 2015, we accreted $237 thousand and $469 thousand into interest income with respect to our re-performing loans. At June 30, 2016 and December 31, 2015, these re-performing loans had a UPB of $6.0 million at each date and a carrying value of $4.1 million and $4.0 million, respectively. We included these loans in mortgage loans held for sale.

The following table presents changes in the balance of the accretable yield for the periods indicated:



Accretable Yield	Six months ended June 30, 2016			Six months ended June 30, 2015
Balance at the beginning of the period	$	2,146		$	7,640
Payments and other reductions, net	—			(3,285		)
Accretion	(72		)	(469		)
Balance at the end of the period	$	2,074		$	3,886