Other Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Summary of Other Assets

Other assets at June 30, 2015 and December 31, 2014, are summarized in the following table.

(In Thousands)	June 30, 2015		December 31, 2014
Margin receivable	$	71,392	$	65,374
FHLBC stock	30,001		10,688
Pledged collateral	10,194		9,927
Guarantee asset	6,417		7,201
Investment receivable	5,378		1,103
Deposits	5,000		5,000
Fixed assets and leasehold improvements (1)	4,442		3,008
REO	4,410		4,391
Income tax receivables	3,278		175
Prepaid expenses	3,031		3,372
Other	4,077		3,657
Total Other Assets	$	147,620	$	113,896

(1) Fixed assets and leasehold improvements have a basis of $7 million and accumulated depreciation of $4 million at June 30, 2015.

Summary of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities at June 30, 2015 and December 31, 2014 are summarized in the following table.

(In Thousands)	June 30, 2015		December 31, 2014
Accrued compensation	$	11,927	$	19,273
Margin payable	$	10,156	$	6,455
Guarantee obligation	6,146		7,201
Current accounts payable	5,446		2,112
Residential loan and MSR repurchase reserve	5,083		3,724
Accrued operating expenses	3,501		3,334
Legal reserve	2,000		2,000
Income tax payable	221		—
Other	5,445		8,145
Total Other Liabilities	$	49,925	$	52,244