<ARTICLE> 5 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <EXCHANGE-RATE> 1 <CASH> 18,022 <SECURITIES> 0 <RECEIVABLES> 347,252 <ALLOWANCES> 7,565 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 3,369 <DEPRECIATION> 1,693 <TOTAL-ASSETS> 305,799 <CURRENT-LIABILITIES> 0 <BONDS> 250,273 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 46 <OTHER-SE> 37,698 <TOTAL-LIABILITY-AND-EQUITY> 305,799 <SALES> 0 <TOTAL-REVENUES> 10,425 <CGS> 0 <TOTAL-COSTS> 4,585 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 749 <INTEREST-EXPENSE> 4,184 <INCOME-PRETAX> 1,010 <INCOME-TAX> 416 <INCOME-CONTINUING> 594 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 594 <EPS-PRIMARY> .16 <EPS-DILUTED> .14