<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the September 30, 1998 Form 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 12,608 <SECURITIES> 906,211 <RECEIVABLES> 12,758 <ALLOWANCES> 3,152 <INVENTORY> 0 <CURRENT-ASSETS> 928,425 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 928,425 <CURRENT-LIABILITIES> 405,455 <BONDS> 418,412 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 81 <OTHER-SE> 104,477 <TOTAL-LIABILITY-AND-EQUITY> 928,425 <SALES> 0 <TOTAL-REVENUES> 54,042 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,169 <LOSS-PROVISION> 714 <INTEREST-EXPENSE> 44,611 <INCOME-PRETAX> 5,548 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,548 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,548 <EPS-PRIMARY> 0.69 <EPS-DILUTED> 0.69