<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