Mortgage loans

As of June 30, 2017, we transferred our remaining mortgage loans at fair value to mortgage loans held for sale. We determined to dispose of these mortgage loans because we do not expect them to be rental candidates.

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 December 31, 2016 ($ in thousands):



	Number of Loans	Carrying Value		Unpaid Principal Balance		Market Value of Underlying Properties
December 31, 2016
Current	211	$	33,992	$	45,568	$	58,842
30	66	7,898		11,836		13,576
60	34	4,444		6,364		7,536
90	400	48,338		82,705		91,772
Foreclosure	2,180	365,772		551,243		574,546
Mortgage loans at fair value	2,891	$	460,444	$	697,716	$	746,272

The following table sets forth our mortgage loans held for sale, the related unpaid principal balance and market value of underlying properties by delinquency status as of June 30, 2017 and December 31, 2016 ($ in thousands):



	Number of Loans	Carrying Value		Unpaid Principal Balance		Market Value of Underlying Properties
June 30, 2017
Current	207	$	30,222	$	42,319	$	50,282
30	32	4,008		6,271		8,567
60	12	1,858		2,977		3,304
90	40	2,960		10,915		9,834
Foreclosure	151	28,690		44,494		47,663
Mortgage loans held for sale	442	$	67,738	$	106,976	$	119,650

December 31, 2016
Current	519	$	100,558	$	114,757	$	140,471
30	10	1,082		1,911		2,329
60	4	286		623		663
90	17	1,622		2,291		3,430
Foreclosure	33	4,488		6,023		6,675
Mortgage loans held for sale	583	$	108,036	$	125,605	$	153,568

Re-performing residential mortgage loans

For the three and six months ended June 30, 2017 and 2016, we recognized no provision for loan loss and no adjustments to the amount of the accretable yield for our re-performing residential mortgage loans. For the three and six months ended June 30, 2017, we accreted no interest income with respect to our re-performing loans. 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. At June 30, 2017 and December 31, 2016, our re-performing loans had a UPB of $2.3 million and $5.7 million, respectively, and a carrying value of $1.4 million and $3.7 million, respectively. We have classified 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, 2017			Six months ended June 30, 2016
Balance at the beginning of the period	$	1,757		$	2,146
Payments and other reductions, net	(836		)	—
Accretion	—			(72		)
Balance at the end of the period	$	921		$	2,074