Subsequent Events

3 Months Ended

Mar. 31, 2012

Subsequent Events

Subsequent Events

27.       Subsequent Events

The Company evaluated subsequent events through the date of issuance of the accompanying consolidated financial statements.  There were no events requiring disclosure, other than the matter below.

Warehouse Lines of Credit

On April 30, 2012, all amounts advanced under a $75 million warehouse line were paid in full and pursuant to an amendment to the warehouse line master repurchase agreement, the warehouse covenants are no longer in force and ClearPoint has no further continued reporting or notice obligations to this lender.  In addition, warehouse capacity under another warehouse line of credit was reduced to $75 million (i.e. a $25 million reduction).