<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 30, 2000 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 15,445
<SECURITIES> 918,574
<RECEIVABLES> 20,660
<ALLOWANCES> 3,530
<INVENTORY> 0
<CURRENT-ASSETS> 951,149
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 951,149
<CURRENT-LIABILITIES> 6,983
<BONDS> 863,666
0
0
<COMMON> 81
<OTHER-SE> 80,419
<TOTAL-LIABILITY-AND-EQUITY> 951,149
<SALES> 0
<TOTAL-REVENUES> 71,130
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 20,812
<LOSS-PROVISION> 2,246
<INTEREST-EXPENSE> 53,704
<INCOME-PRETAX> (6,632)
<INCOME-TAX> 0
<INCOME-CONTINUING> (5,632)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (5,632)
<EPS-BASIC> (0.70)
<EPS-DILUTED> (0.70)
</TABLE>