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Finance Receivables Held for Sale (Tables)
12 Months Ended
Dec. 31, 2012
Finance Receivables Held for Sale  
Schedule of activity in reserve for sales recourse obligations

 

 

 

 

 

 

Successor

 

 

 

 

Predecessor

 

 

 

 

 

Company

 

 

 

 

Company

 

 

 

 

 

 

 

At or for the

 

 

At or for the

 

 

 

At or for the

 

At or for the

 

One Month

 

 

Eleven Months

 

 

 

Year Ended

 

Year Ended

 

Ended

 

 

Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

 

November 30,

 

(dollars in thousands)

 

2012

 

2011

 

2010

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

1,648

 

$

3,511

 

$

3,599

 

 

$

15,796

 

Provision for/(reduction in) recourse obligations

 

3,269

 

(1,442

)

(88

)

 

(3,064

)

Recourse losses

 

(54

)

(421

)

-

 

 

(9,133

)

Balance at end of period

 

$

4,863

 

$

1,648

 

$

3,511

 

 

$

3,599