Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events

Subsequent Events

16.  Subsequent Events

On October 13, 2011, the committed mortgage warehouse asset-backed debt facility with the Bank of America was amended to renew $400 million of committed borrowing capacity, pursuant to a master repurchase agreement and certain related agreements.  The facility was extended through October 11, 2012, with the option to renew the agreement for another year.

The Company’s gestation agreement with the Bank of America was allowed to expire. The prior facilities with Bank of America had consisted of a committed facility with $200 million borrowing capacity, and a $500 million off-balance sheet gestation facility.