Mortgage Loans

As of September 30, 2017, all of our remaining mortgage loans were held for sale. We determined to dispose of these mortgage loans because we do not expect the collateral underlying the loans to be rental candidates.

The following table sets forth information related to our mortgage loans at fair value, the related unpaid principal balance and market value of underlying properties by delinquency status as of September 30, 2017 and December 31, 2016 ($ in thousands):



	Number of Loans	Fair Value and Carrying Value		Unpaid Principal Balance		Market Value of Underlying Properties
September 30, 2017
Current	179	$	28,964	$	37,127	$	44,523
30	37	5,364		7,102		9,923
60	4	372		812		708
90	122	15,557		31,900		31,238
Foreclosure	89	17,064		25,649		27,898
Mortgage loans at fair value	431	$	67,321	$	102,590	$	114,290

December 31, 2016
Current	730	$	134,550	$	160,325	$	199,313
30	76	8,980		13,747		15,905
60	38	4,730		6,987		8,199
90	417	49,960		84,996		95,202
Foreclosure	2,213	370,260		557,266		581,221
Mortgage loans at fair value	3,474	$	568,480	$	823,321	$	899,840

Re-performing residential mortgage loans

For the three and nine months ended September 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 nine months ended September 30, 2017, we accreted no interest income with respect to our re-performing loans. For the three and nine months ended September 30, 2016, we accreted $35 thousand and $107 thousand, respectively, into interest income with respect to our re-performing loans. At September 30, 2017 and December 31, 2016, our re-performing loans had a UPB of $2.1 million and $5.7 million, respectively, and a carrying value of $1.2 million and $3.7 million, respectively.

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



Accretable Yield	Nine months ended September 30, 2017			Nine months ended September 30, 2016
Balance at the beginning of the period	$	1,757		$	2,146
Payments and other reductions, net	(876		)	—
Accretion	—			(107		)
Balance at the end of the period	$	881		$	2,039