<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1999 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          13,005
<SECURITIES>                                 1,011,120
<RECEIVABLES>                                   16,634
<ALLOWANCES>                                     4,601
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,036,158
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,036,158
<CURRENT-LIABILITIES>                          412,248
<BONDS>                                        520,145
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            81
<OTHER-SE>                                     103,684
<TOTAL-LIABILITY-AND-EQUITY>                 1,036,158
<SALES>                                              0
<TOTAL-REVENUES>                                34,456
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 3,546
<LOSS-PROVISION>                                 1,847
<INTEREST-EXPENSE>                              25,424
<INCOME-PRETAX>                                  3,639
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              3,639
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,639
<EPS-BASIC>                                       0.45
<EPS-DILUTED>                                     0.45