Secured Borrowings	3 Months Ended
Secured Borrowings	Mar. 31, 2013
Secured Borrowings
Secured Borrowings	*15. Secured Borrowings* ClearPoint was extended secured mortgage warehouse lines of credit in order to fund mortgage originations. As of December 31, 2012, the outstanding borrowings under these credit facilities were approximately $64.9 million. In connection with the Homeward Transaction, the Company entered into Consent and Wind-down Agreements in favor of the lenders to these credit facilities. As of March 31, 2013, ClearPoint had no remaining exposure to these credit facilities. ClearPoint Held for Sale Activities, including Transition Services In addition, in connection with the Homeward Transaction, ClearPoint has agreed to provide transition services which include loan origination services in Massachusetts and Virginia. These transition services were originally scheduled to expire on March 31, 2013, but were extended until April 30, 2013. ClearPoint has arranged for a temporary credit facility in order to finance this origination activity. Capacity under this credit facility is $10 million and the facility can either be terminated with five days written notice or otherwise expires on September 30, 2013. ClearPoint’s loans held for sale as of March 31, 2013 of approximately $7.7 million, include approximately $4.3 million financed under this credit facility. Homeward has indemnified ClearPoint from and against any losses suffered in connection with these activities, has provided a payment and performance guaranty of ClearPoint’s obligations to the lender of this facility and is obligated to reimburse ClearPoint for the costs of providing the loan origination services.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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